Southwest Airlines Management

Management criteria checks 2/4

Southwest Airlines' CEO is Bob Jordan, appointed in Feb 2022, has a tenure of 2.25 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 $4.68M. The average tenure of the management team and the board of directors is 2.3 years and 10.8 years respectively.

Key information

Bob Jordan

Chief executive officer

US$9.3m

Total compensation

CEO salary percentage	7.5%
CEO tenure	2.3yrs
CEO ownership	0.03%
Management average tenure	2.3yrs
Board average tenure	10.8yrs

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 ($USD9.31M) is above average for companies of similar size in the UK market ($USD5.61M).

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 (62 yo)

2.3yrs

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	20.3yrs	US$9.06m	0.14% $ 22.2m
Robert Jordan	CEO, President & Director	2.3yrs	US$9.31m	0.030% $ 4.7m
Tammy Romo	Executive VP & CFO	11.7yrs	US$5.63m	0.030% $ 4.6m
Andrew Watterson	Chief Operating Officer	1.6yrs	US$5.01m	0.010% $ 1.6m
Mark Shaw	Executive VP	11.3yrs	US$4.18m	0.014% $ 2.2m
Ray Schuster	Managing Director of Accounting & Financial Reporting	5.5yrs	no data	no data
Thomas Merritt	VP of Technology – Infrastructure & Services and CTO	4.7yrs	no data	no data
Lauren Woods	Senior VP of Technology & Chief Information Officer	1.3yrs	no data	no data
Linda Rutherford	Chief Administrative Officer	6.7yrs	no data	0.0058% $ 906.1k
Julia Landrum	Vice President of Investor Relations	no data	no data	no data
Whitney Eichinger	Senior VP & Chief Communications Officer	1.3yrs	no data	no data
Dave Harvey	VP & Chief Sales Officer	1.3yrs	no data	no data

2.3yrs

Average Tenure

60.5yo

Average Age

Experienced Management: 0L8F's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gary Kelly	Executive Chairman	20.3yrs	US$9.06m	0.14% $ 22.2m
Robert Jordan	CEO, President & Director	2.3yrs	US$9.31m	0.030% $ 4.7m
Ron Ricks	Independent Vice Chairman	8.8yrs	US$350.54k	0.033% $ 5.2m
David Biegler	Independent Director	18yrs	US$311.31k	0.012% $ 1.8m
Douglas Brooks	Independent Director	14.3yrs	US$305.54k	0.012% $ 1.8m
J. Biggins	Independent Director	12.8yrs	US$300.04k	0.010% $ 1.6m
John Montford	Independent Director	22.3yrs	US$312.54k	0.0042% $ 654.2k
William Cunningham	Independent Lead Director	24.3yrs	US$327.54k	0.016% $ 2.5m
David Hess	Independent Director	2.5yrs	US$320.59k	0.0016% $ 248.8k
Thomas Gilligan	Independent Director	8.7yrs	US$282.54k	0.0029% $ 460.1k
Christopher Reynolds	Independent Director	2yrs	US$326.54k	0.0016% $ 248.8k
Jill Soltau	Independent Director	1.3yrs	US$309.18k	0.00095% $ 148.7k

10.8yrs

Average Tenure

69yo

Average Age

Experienced Board: 0L8F's board of directors are seasoned and experienced ( 10.8 years average tenure).

Southwest Airlines Management

Management criteria checks 2/4

Key information

Recent management updates

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

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

Recent updates

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

First quarter 2024 earnings released: US$0.39 loss per share (vs US$0.27 loss in 1Q 2023)

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

Southwest Airlines Co. Announces Executive Changes

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of US$0.18 per share

New minor risk - Earnings quality

Southwest Airlines Co. Extends Flight Schedule Through Early November

Dividend of US$0.18 announced

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

Full year 2023 earnings released: EPS: US$0.84 (vs US$0.91 in FY 2022)

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

Upcoming dividend of US$0.18 per share at 2.5% yield

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

Investor sentiment improves as stock rises 16%

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

Third quarter 2023 earnings released: EPS: US$0.32 (vs US$0.47 in 3Q 2022)

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

Southwest Airlines Co. Extends Flight Schedule Through May 2024

Upcoming dividend of US$0.18 per share at 2.3% yield

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

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$1.15 (vs US$1.28 in 2Q 2022)

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

Upcoming dividend of US$0.18 per share at 2.3% yield

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

Insider recently sold US$148k worth of stock

First quarter 2023 earnings released: US$0.27 loss per share (vs US$0.46 loss in 1Q 2022)

Upcoming dividend of US$0.18 per share at 2.1% yield

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

Full year 2022 earnings released: EPS: US$0.91 (vs US$1.65 in FY 2021)

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

Upcoming dividend of US$0.18 per share

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

Independent Director recently sold US$87k worth of stock

Third quarter 2022 earnings released: EPS: US$0.47 (vs US$0.75 in 3Q 2021)

Southwest Airlines Co. Announces Executive Changes

Now 21% undervalued after recent price drop

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

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 US$105k 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 US$530k worth of stock

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