Southwest Airlines Management

Management criteria checks 2/4

Southwest Airlines' CEO is Bob Jordan, appointed in Feb 2022, has a tenure of 2.42 years. total yearly compensation is $9.31M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.03% of the company’s shares, worth R$28.77M. The average tenure of the management team and the board of directors is 2.4 years and 5.8 years respectively.

Key information

Bob Jordan

Chief executive officer

US$9.3m

Total compensation

CEO salary percentage	7.5%
CEO tenure	2.4yrs
CEO ownership	0.03%
Management average tenure	2.4yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob Jordan's remuneration changed compared to Southwest Airlines's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$393m
Dec 31 2023	US$9m	US$700k	US$465m
Sep 30 2023	n/a	n/a	US$497m
Jun 30 2023	n/a	n/a	US$581m
Mar 31 2023	n/a	n/a	US$658m
Dec 31 2022	US$5m	US$677k	US$539m
Sep 30 2022	n/a	n/a	US$827m
Jun 30 2022	n/a	n/a	US$996m
Mar 31 2022	n/a	n/a	US$583m
Dec 31 2021	US$3m	US$511k	US$977m
Sep 30 2021	n/a	n/a	US$1m
Jun 30 2021	n/a	n/a	-US$2b
Mar 31 2021	n/a	n/a	-US$3b
Dec 31 2020	US$4m	US$440k	-US$3b
Sep 30 2020	n/a	n/a	-US$2b
Jun 30 2020	n/a	n/a	US$163m
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$3m	US$498k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$3m	US$483k	US$2b
Sep 30 2018	n/a	n/a	US$4b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$3b
Dec 31 2017	US$3m	US$470k	US$3b

Compensation vs Market: Bob's total compensation ($USD9.31M) is above average for companies of similar size in the BR market ($USD6.20M).

Compensation vs Earnings: Bob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Bob Jordan (63 yo)

2.4yrs

Tenure

US$9,307,299

Compensation

Mr. Robert E. Jordan, also known as Bob, serves as Director of ShiftKey, LLC since August 2023. He has been the Chief Executive Officer and Director of Southwest Airlines Co. since February 01, 2022 and al...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Kelly	Executive Chairman	20.5yrs	US$9.06m	0.14% $ 136.1m
Robert Jordan	President	2.4yrs	US$9.31m	0.030% $ 28.8m
Tammy Romo	Executive VP & CFO	11.8yrs	US$5.63m	0.030% $ 28.4m
Andrew Watterson	Chief Operating Officer	1.8yrs	US$5.01m	0.010% $ 9.8m
Ray Schuster	Managing Director of Accounting & Financial Reporting	5.7yrs	no data	no data
Thomas Merritt	VP of Technology – Infrastructure & Services and CTO	4.8yrs	no data	no data
Lauren Woods	Senior VP of Technology & Chief Information Officer	1.4yrs	no data	no data
Linda Rutherford	Chief Administrative Officer	6.8yrs	no data	0.0058% $ 5.6m
Julia Landrum	Vice President of Investor Relations	no data	no data	no data
Whitney Eichinger	Senior VP & Chief Communications Officer	1.5yrs	no data	no data
Dave Harvey	VP & Chief Sales Officer	1.5yrs	no data	no data
Elizabeth Bryant	Senior VP & Chief People Officer	2.4yrs	no data	no data

2.4yrs

Average Tenure

62yo

Average Age

Experienced Management: S1OU34's management team is considered experienced (2.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Kelly	Executive Chairman	20.5yrs	US$9.06m	0.14% $ 136.1m
Robert Jordan	President	2.4yrs	US$9.31m	0.030% $ 28.8m
David Biegler	Independent Director	18.2yrs	US$311.31k	0.013% $ 12.1m
Douglas Brooks	Independent Director	14.5yrs	US$305.54k	0.013% $ 12.2m
J. Biggins	Independent Director	12.9yrs	US$300.04k	0.011% $ 10.7m
William Cunningham	Independent Lead Director	24.5yrs	US$327.54k	0.017% $ 16.1m
David Hess	Independent Director	2.7yrs	US$320.59k	0.0026% $ 2.5m
Eduardo Conrado	Independent Director	1.2yrs	US$241.55k	0.0020% $ 1.9m
Elaine Mendoza	Independent Director	1.2yrs	US$291.05k	0.0020% $ 1.9m
Thomas Gilligan	Independent Director	8.8yrs	US$282.54k	0.0040% $ 3.8m
Christopher Reynolds	Independent Director	2.2yrs	US$326.54k	0.0026% $ 2.5m
Jill Soltau	Independent Director	1.4yrs	US$309.18k	0.0020% $ 1.9m

5.8yrs

Average Tenure

69yo

Average Age

Experienced Board: S1OU34's board of directors are considered experienced (5.8 years average tenure).

Southwest Airlines Management

Management criteria checks 2/4

Key information

Recent management updates

Southwest Airlines Announces the Passing of President Emeritus Colleen Barrett (1944-2024)

Southwest Airlines Co. Announces Management Changes, Effective June 1, 2024

Southwest Airlines Co. Announces Directors Ron Ricks and John Montford Will Not Stand for Reelection

Southwest Airlines Co. Announces Executive Changes

Southwest Airlines Co., Annual General Meeting, May 15, 2024

Southwest Airlines Co. Announces Executive Changes, Effective December 1, 2023

Recent updates

Southwest Airlines Co. Launches the Summer of Go Sweepstakes

Artisan Partners Limited Partnership Sends a Letter to the Southwest Airlines’ Board

Elliott Investment Management Sends a Letter to Southwest Airlines

Southwest Airlines Adds Nonstop Flights to Baltimore, Nashville

Southwest Airlines to Seek Dot Approval for Daily Nonstop Service Between Washington National Airport and Las Vegas

Southwest Airlines Declares Quarterly Dividend, Payable on July 10, 2024

Southwest Airlines Introduces Daily Nonstop Service Between Orlando and Nassau

Southwest Airlines Announces the Passing of President Emeritus Colleen Barrett (1944-2024)

Southwest Airlines Co. Announces Management Changes, Effective June 1, 2024

Southwest Airlines Co. Announces Directors Ron Ricks and John Montford Will Not Stand for Reelection

Southwest Airlines Co. Announces Executive Changes

Southwest Airlines Co. Extends Flight Schedule Through Early November

Southwest Airlines Declares Quarterly Dividend, Payable on March 27, 2024

Southwest Airlines Co. Provides Operating Guidance for the First Quarter and Full Year of 2024

Southwest Airlines Co., Annual General Meeting, May 15, 2024

Southwest Airlines Co. Announces Executive Changes, Effective December 1, 2023

Southwest Airlines Co. Announces Executive Changes, Effective December 1, 2023

Southwest Airlines Co. Declares Quarterly Cash Dividend, Payable on January 11, 2024

Southwest Airlines Co. Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Southwest Airlines Co. Extends Flight Schedule with New International Options and Most-Ever Diseases

Southwest Airlines Co. to Report Q3, 2023 Results on Oct 26, 2023

Southwest Airlines Co. Extends Flight Schedule Through May 2024

Southwest Airlines Co. Declares Quarterly Dividend, Payable on September 27, 2023

Southwest Airlines Co. to Report Q2, 2023 Results on Jul 27, 2023

Southwest Airlines Co. Announces Promotion of Ryan Martinez from Vice President Investor Relations to Senior Vice President Controller

Southwest Airlines Co. Extends Flight Schedule Through January 7, 2024

Southwest Airlines Co. Announces Board Elections

Southwest Airlines Co. Declares Quarterly Cash Dividend, Payable on July 12, 2023

Law Offices of Howard G. Smith Announces That Investors with Substantial Losses Have Opportunity to Lead the Securities Fraud Class Action Lawsuit Against Southwest Airlines Co

Southwest Airlines Co. Extends Flight Schedule

Southwest Airlines Co. Appoints Jill Soltau as A Member of the Board

Southwest Airlines Co. Promotes Lauren Woods to Senior Vice President Technology and Chief Information Officer

Southwest Airlines Co. Provides Earnings Guidance for the First Quarter of 2023 and Operating Guidance for the Year 2023

Glancy Prongay & Murray LLP Files Class Action Lawsuit Against Southwest Airlines Co

Southwest Airlines Co. Announces Leadership Promotions

Southwest Airlines Co. Provides Earnings Guidance for the Fourth Quarter of 2022

Southwest Airlines Co. Declares Quarterly Cash Dividend, Payable on January 31, 2023

Southwest Airlines Co. Announces Executive Changes

Southwest Airlines Co. Opens its Published Flight Schedule Through April 10, 2023

Southwest Airlines Co. Provides Earnings Guidance for the Third Quarter of 2022

Southwest Airlines Co. Announces the Addition of Two New Nonstop Routes for This Upcoming Winter Season

Southwest Airlines Co. Extends Flight Schedule Through Jan. 4, 2023

Southwest Airlines Co. Appoints Christopher P. Reynolds as Director

Southwest Airlines Co. Launches Wanna Get Away Plus, New Fare Introducing Transferable Flight Credits and More Flexibility

Southwest Airlines Co., Annual General Meeting, May 18, 2022

Southwest Airlines Announces Executive Changes

Southwest Airlines Co. Announces Leadership Promotions

Southwest Airlines Co. Provides Earnings Guidance for the First Quarter of 2022

Southwest Airlines to Fly from Ontario International Airport, CA, to Austin in 2022

Southwest Airlines Co. Provides Operating Guidance for the Months of July and August 2021

Southwest Airlines Co. Publishes New Service to Hawaii Beginning in June 2021 for Las Vegas, Los Angeles, and Phoenix

Southwest Airlines Co. Revises Revenue and Operating Guidance for the Month April 2021

Southwest Airlines Announces Intention to Serve Myrtle Beach, S.C., Eugene, Ore., and Bellingham, Wash., in 2021

Southwest Airlines Co Announces the Flexibility and Value of Southwest Airlines

Southwest Airlines Announces Management Changes

Southwest Airlines Co. Partners with Ssundance Institute Film Festival to Support Storytellers and Creative Community

Southwest Airlines Co. Announces Service in Fresno & Santa Barbara to Begin in April 2021

Southwest Airlines Co. and Sabre Corporation Enter into Full Participation Distribution Agreement

Southwest Airlines' Spring and Summer Schedules Take Off, Bringing Customers New Airports and Nonstop Routes Across the Map

Southwest Airlines Brings New Flights Across The Map For Warm Breaks In The Winter And Spring Season As Low As $49 One-Way

Southwest Airlines Co. to Report Q4, 2020 Results on Jan 28, 2021

Southwest Airlines to Add Service At Chicago O'Hare International and Houston George Bush Intercontinental Airport

Southwest Airlines Co. Announces New Service to Miami, Palm Springs, and Montrose (Telluride), Colorado

Southwest Airlines Co.(NYSE:LUV) dropped from Russell 1000 Value-Defensive Index

Southwest Airlines Co.(NYSE:LUV) dropped from Russell 1000 Growth-Defensive Index

Southwest Airlines Co.(NYSE:LUV) dropped from Russell 1000 Defensive Index

CEO Compensation Analysis

CEO

Tenure