Southwest Airlines Employees Earn $544 Million In 2018 ProfitSharing

Published on : Friday, February 15, 2019

Southwest AirlinesSouthwest Airlines announced this week that it will share $544 million with its Employees through the Company’s ProfitSharing Plan. This reward equals approximately 10.8 percent of each eligible Employee’s eligible compensation.

 

This is Southwest’s 45th consecutive ProfitSharing award, starting with the first ProfitSharing payout in 1974. The Company will pay part of the award to the retirement plan and part in cash. Most Employees will receive 10 percent of eligible compensation as a contribution to the ProfitSharing Plan and the remainder in cash, both of which will be paid on March 15, 2019. Some Employees will receive the entire ProfitSharing award as a contribution to their retirement plan accounts as specified in their collective bargaining agreement.

 

“Our People are our greatest asset and they deserve all the credit for our continued success,” said Gary Kelly, Chairman of the Board and Chief Executive Officer of Southwest Airlines. “The vast majority of our Employees describe their work as ‘a calling,’ and it’s an honor to be able to recognize them for their passion, dedication, and their contributions.”

 

The 2018 ProfitSharing award is the third highest in Company history.

 

Source:- Southwest Airlines


(No Like Yet)

Related Posts

Tags:

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 13 aaaexpos 21
  • 14 KITF 2021
  • 15 MENA 2021
  • 16 ITB asia 2020
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. INTERNATIONAL HOSPITALITY INVESTMENT FORUM (IHIF)

      March 8 - March 10
    2. ITB Berlin

      March 10 - March 14
    3. SALON DESTINATIONS NATURE 2020

      March 18 - March 21
    4. Arabian Travel Market

      May 16 - May 19
    5. IMEX FRANKFURT

      May 25 - May 27
Get our toolbar!
Review www.travelandtourworld.com on alexa.com