Southwest Airlines Management

Management criteria checks 4/4

Southwest Airlines' CEO is Bob Jordan, appointed in Feb 2022, has a tenure of less than a year. total yearly compensation is $3.05M, comprised of 16.7% salary and 83.3% bonuses, including company stock and options. directly owns 0.02% of the company’s shares, worth €3.98M. The average tenure of the management team and the board of directors is 3.7 years and 13.5 years respectively.

Key information

Bob Jordan

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	16.7%
CEO tenure	less than a year
CEO ownership	0.02%
Management average tenure	3.7yrs
Board average tenure	13.5yrs

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
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$587m
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
Sep 30 2017	n/a	n/a	US$2b
Jun 30 2017	n/a	n/a	US$2b
Mar 31 2017	n/a	n/a	US$2b
Dec 31 2016	US$3m	US$470k	US$2b
Sep 30 2016	n/a	n/a	US$2b
Jun 30 2016	n/a	n/a	US$2b
Mar 31 2016	n/a	n/a	US$2b
Dec 31 2015	US$3m	US$469k	US$2b

Compensation vs Market: Bob's total compensation ($USD3.05M) is below average for companies of similar size in the German market ($USD4.53M).

Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.

CEO

Bob Jordan (61 yo)

less than a year

Tenure

US$3,049,336

Compensation

Mr. Robert E. Jordan, also known as Bob, has been the Chief Executive Officer and a Director of Southwest Airlines Co. since February 01, 2022. He served as an Executive Vice President of Corporate Service...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gary Kelly	Executive Chairman	18.9yrs	US$5.82m	0.13% $ 26.1m
Robert Jordan	CEO & Director	less than a year	US$3.05m	0.020% $ 4.0m
Michael Van de Ven	President	1.3yrs	US$3.39m	0.033% $ 6.7m
Tammy Romo	Executive VP & CFO	10.3yrs	US$3.07m	0.022% $ 4.4m
Andrew Watterson	Chief Operating Officer	less than a year	US$2.82m	0.0024% $ 484.5k
Thomas Nealon	Strategic Advisor	1.3yrs	US$3.63m	0.018% $ 3.7m
Ray Schuster	Managing Director of Accounting & Financial Reporting	4.1yrs	no data	no data
Thomas Merritt	VP of Technology – Infrastructure & Services and CTO	3.3yrs	no data	no data
Kathleen Merril	Senior VP & Chief Information Officer of Technology	5.4yrs	no data	no data
Linda Rutherford	Chief Administration & Communications Officer	5.3yrs	no data	0.0031% $ 629.1k
Ryan Martinez	Vice President of Investor Relations	5.3yrs	no data	no data
Mark Shaw	Executive VP and Chief Legal & Regulatory Officer	9.8yrs	no data	0.0062% $ 1.3m

3.7yrs

Average Tenure

60yo

Average Age

Experienced Management: SWN's management team is considered experienced (3.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Kelly	Executive Chairman	18.9yrs	US$5.82m	0.13% $ 26.1m
Robert Jordan	CEO & Director	less than a year	US$3.05m	0.020% $ 4.0m
John Denison	Independent Director	14.1yrs	US$296.29k	0.011% $ 2.2m
Ron Ricks	Independent Vice Chairman	7.4yrs	US$289.94k	0.033% $ 6.6m
David Biegler	Independent Director	16.6yrs	US$298.18k	0.011% $ 2.2m
Douglas Brooks	Independent Director	12.9yrs	US$262.42k	0.011% $ 2.2m
J. Biggins	Independent Director	11.3yrs	US$267.01k	0.0092% $ 1.9m
John Montford	Independent Director	20.9yrs	US$302.06k	0.0032% $ 661.6k
William Cunningham	Independent Lead Director	22.9yrs	US$313.87k	0.015% $ 3.0m
Nancy Loeffler	Independent Director	19.8yrs	US$261.92k	0.0091% $ 1.9m
David Hess	Independent Director	1.1yrs	US$10.25k	0.00065% $ 132.3k
Thomas Gilligan	Independent Director	7.3yrs	US$268.16k	0.0020% $ 407.2k

13.5yrs

Average Tenure

73.5yo

Average Age

Experienced Board: SWN's board of directors are seasoned and experienced ( 13.5 years average tenure).

Southwest Airlines Management

Management criteria checks 4/4

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

Now 20% undervalued after recent price drop

Second quarter 2022 earnings released: EPS: US$1.28 (vs US$0.59 in 2Q 2021)

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

Investor sentiment deteriorated over the past week

Independent Director recently sold €98k worth of stock

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

First quarter 2022 earnings released: US$0.47 loss per share (vs US$0.20 profit in 1Q 2021)

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

Southwest Airlines Announces Executive Changes

Southwest Airlines Co. Announces Leadership Promotions

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

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

Insufficient new directors

Independent Director recently sold €457k worth of stock

Third quarter 2021 earnings released: US$1.80 loss per share (vs US$1.96 loss in 3Q 2020)

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

Second quarter 2021 earnings released: EPS US$0.59 (vs US$1.63 loss in 2Q 2020)

Managing Director of Customer Experience Tony Roach has left the company

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

First quarter 2021 earnings released: EPS US$0.20 (vs US$0.18 loss in 1Q 2020)

Insider recently sold €1.5m worth of stock

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

New 90-day high: €50.02

President recently sold €1.0m worth of stock

Southwest Airlines Co Announces the Flexibility and Value of Southwest Airlines