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April 14, 2014

Southwest employees get $228 million in profit sharing

Southwest Airlines said it will give employees $228 million as part of its profit-sharing plan this year. 

The payment is up 88 percent from the $121 million awarded in 2013 in the profit-sharing program, the Dallas-based carrier said.

"We had a great year in 2013 because of their collective efforts and contributions toward Southwest's success and profitability," said Southwest chief executive Gary Kelly.

The company is currently in contract negotiations with most of its unions discussing pay rates and changes in work rules.

In its press release, Southwest pointed out that its profit-sharing contributions have totaled $2.5 billion over four decades, or in founder Herb Kelleher's terms, 500 million mini bottles of Wild Turkey.

-Andrea Ahles

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Comments

KellyiscAArty

That's great, but unlike AA, we don't get the check. It goes into retirement. We need a check due to this greedy company and it's failure to negotiate out contracts. We need Herb, or he'll, we will settle for Crandall.

Sam

Kelly,

Doug Parker terminated the profit sharing for AA(except for senior executive). This will be the last year most AA employees ever receive profit sharing.

Pat

Kelly, you have no idea what greedy is. American Airlines is the poster child of corporate greed.

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