{"id":3073,"date":"2023-04-06T22:53:17","date_gmt":"2023-04-06T22:53:17","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/southwest-airlines-ceo-receives\/"},"modified":"2023-04-13T00:53:20","modified_gmt":"2023-04-13T00:53:20","slug":"southwest-airlines-ceo-receives","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/southwest-airlines-ceo-receives\/","title":{"rendered":"Southwest Airlines CEO receives higher bonus despite holiday meltdown"},"content":{"rendered":"

CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion.<\/p>\n

In February, the company said executive bonuses would be cut as a result of the meltdown.<\/p>\n

Jordan received $195,720 in bonus payout, up 89% from a year ago, according to a regulatory filing. His total compensation also shot up by about 75% to more than $5.3 million.<\/p>\n

The Dallas-based carrier also paid a higher bonus to Chief Operating Officer Andrew Watterson. However, it cut the incentive pay for other top executives.<\/p>\n

A Southwest spokesperson attributed the increased bonus payments to Jordan and Watterson’s job promotions. <\/p>\n

Jordan served as executive vice president until Feb 1, 2022, when he became the company’s CEO. Watterson served as chief commercial officer through last September.<\/p>\n

\n

(Reporting by Rajesh Kumar Singh; Editing by David Gregorio)<\/p>\n

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CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion. In February, […]<\/p>\n","protected":false},"author":8,"featured_media":3074,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1213],"tags":[],"class_list":["post-3073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-business"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportBusinessNews\/tagreuters.com2023binary_LYNXMPEJ350YY-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=3073"}],"version-history":[{"count":2,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3073\/revisions"}],"predecessor-version":[{"id":8475,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/3073\/revisions\/8475"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/3074"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=3073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=3073"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=3073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}