15 April 2014
Southwest Airlines Co. (NYSE: LUV) said it will contribute approximately USD228m directly to employees through its profit sharing plan this year.
The payment is an 88 percent increase over last year´s contribution of USD121m. Southwest was the first in the industry to offer a profit sharing plan, and this is the company´s 40th consecutive payment.
Through the profit sharing plan, Southwest Employees currently own more than four percent of the company´s outstanding shares.
In its 43rd year of service, Dallas-based Southwest Airlines continues to differentiate itself from other carriers with exemplary customer service delivered by nearly 45,000 Employees to more than 100 million customers annually. Its website is at southwest.com