Southwest Airlines Management

Management criteria checks 1/4

Southwest Airlines' CEO is Bob Jordan, appointed in Feb 2022, has a tenure of 2.75 years. total yearly compensation is $9.31M, comprised of 7.5% salary and 92.5% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth MX$181.66M. The average tenure of the management team and the board of directors is 2.8 years and 2.9 years respectively.

Key information

Bob Jordan

Chief executive officer

US$9.3m

Total compensation

CEO salary percentage	7.5%
CEO tenure	2.8yrs
CEO ownership	0.05%
Management average tenure	2.8yrs
Board average tenure	2.9yrs

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 2024	n/a	n/a	-US$48m
Jun 30 2024	n/a	n/a	US$78m
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 ($USD9.31M) is above average for companies of similar size in the MX market ($USD5.74M).

Compensation vs Earnings: Bob's compensation has increased whilst the company is unprofitable.

CEO

Bob Jordan (63 yo)

2.8yrs

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
Robert Jordan	President	2.8yrs	US$9.31m	0.046% MX$ 181.7m
Tammy Romo	Executive VP & CFO	12.2yrs	US$5.63m	0.029% MX$ 115.7m
Andrew Watterson	Chief Operating Officer	2.1yrs	US$5.01m	0.010% MX$ 40.1m
Ray Schuster	Managing Director of Accounting & Financial Reporting	6yrs	no data	no data
Thomas Merritt	VP of Technology – Infrastructure & Services and CTO	5.2yrs	no data	no data
Lauren Woods	Senior VP of Technology & Chief Information Officer	1.8yrs	no data	no data
Linda Rutherford	Chief Administrative Officer	7.2yrs	no data	0.0058% MX$ 22.7m
Julia Landrum	Vice President of Investor Relations	no data	no data	no data
Whitney Eichinger	Senior VP & Chief Communications Officer	1.8yrs	no data	no data
Dave Harvey	VP & Chief Sales Officer	1.8yrs	no data	no data
Elizabeth Bryant	Senior VP & Chief People Officer	2.8yrs	no data	no data
Ryan Green	Executive Vice President of Commercial Transformation	2.1yrs	no data	0.00081% MX$ 3.2m

2.8yrs

Average Tenure

57yo

Average Age

Experienced Management: LUV *'s management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Jordan	President	2.8yrs	US$9.31m	0.046% MX$ 181.7m
Gary Kelly	Chairman Emeritus	20.8yrs	US$9.06m	0.15% MX$ 577.1m
David Biegler	Independent Director	18.5yrs	US$311.31k	0.013% MX$ 49.5m
Douglas Brooks	Independent Director	14.8yrs	US$305.54k	0.013% MX$ 49.7m
Rakesh Gangwal	Independent Chair of the Board	less than a year	no data	0.60% MX$ 2.4b
Robert Fornaro	Director	less than a year	no data	no data
Gregg Saretsky	Independent Director	no data	no data	0.0019% MX$ 7.3m
J. Biggins	Independent Director	13.3yrs	US$300.04k	0.011% MX$ 43.5m
William Cunningham	Independent Lead Director	24.8yrs	US$327.54k	0.017% MX$ 65.5m
David Hess	Independent Director	3yrs	US$320.59k	0.0026% MX$ 10.2m
Christopher Reynolds	Independent Director	2.5yrs	US$326.54k	0.0026% MX$ 10.2m
Lisa Atherton	Independent Director	less than a year	no data	0.0010% MX$ 4.0m

2.9yrs

Average Tenure

71yo

Average Age

Experienced Board: LUV *'s board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.

Southwest Airlines Management

Management criteria checks 1/4

Key information

Recent management updates

Southwest Airlines Co. Appoints Rakesh Gangwal as Independent Chair of the Board of Directors and Names New Board Committee

Southwest Airlines Co. Announces Board Changes

Insider recently bought Mex$2.1b worth of stock

Southwest Airlines Co. Announces Board Changes

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

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

Recent updates

Southwest Airlines Co. Declares Quarterly Cash Dividend, Payable on January 16, 2025

Southwest Airlines Co. Appoints Rakesh Gangwal as Independent Chair of the Board of Directors and Names New Board Committee

Southwest Airlines Co. Provides Consolidated Operating Guidance for the Fourth Quarter of 2024

Southwest Airlines Co. Announces Board Changes

Third quarter 2024 earnings released: EPS: US$0.11 (vs US$0.32 in 3Q 2023)

Elliott Investment Management Posts Material to its Social Media Website

Elliott Management Submits Requests to Call a Special Meeting of Shareholders

Insider recently bought Mex$2.1b worth of stock

Elliott Management Pressure Southwest Airlines for Leadership Changes

Southwest Airlines Co. (NYSE:LUV) announces an Equity Buyback for $2,500 million worth of its shares.

Elliott Sends Second Open Letter to the Shareholders of Southwest Airlines

Southwest Airlines Co. Announces Board Changes

Elliott Investment Management Plans Meeting with Southwest Airlines

Elliott Investment Management Sends Open Letter to Shareholders of Southwest Airlines

Elliott Sends Open Letter to Shareholders of Southwest

Elliott Investment Management Posts Updated Materials to its Website

Artisan Partners Global Value Team Statement Regarding Director Candidates for the Board of Southwest Airlines

Elliott Management Corporation Discloses its Views on Southwest Airlines

Second quarter dividend of US$0.18 announced

Southwest Airlines Co. Declares Quarterly Cash Dividend, Payable on September 25, 2024

Second quarter 2024 earnings released: EPS: US$0.61 (vs US$1.15 in 2Q 2023)

Southwest Airlines Co. Adds More Flights for Popular Events, Publishes Initial Redeye Service and New Routes Spanning the Country

Southwest Airlines Sued for Failure to Protect Minor from In-Flight Sexual Assault

Elliott Investment Management Threatens Southwest Airlines Proxy Fight for Leadership Changes

Elliott Sends Letter to the Board of Southwest Airlines

Southwest Airlines Co. Launches the Summer of Go Sweepstakes

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

Upcoming dividend of US$0.18 per share

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

First quarter dividend of US$0.18 announced

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

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 19%

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

New minor risk - Share price stability

Upcoming dividend of US$0.18 per share at 2.4% yield

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

Investor sentiment improves as stock rises 16%

New minor risk - Share price stability

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

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

Now 25% undervalued after recent price drop

Southwest Airlines Co. Announces Board Elections

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