A typical senior software engineer salary at Southwest Airlines is $120,951. This reward equals approximately 12.2 percent of each eligible Employee's eligible compensation. Salaried employees switched roles. Over a dozen vacation destinations joined the network, from Sarasota to Colorado Springs to Palm Springs, important new dots since vacations and adventures rather than business trips are leading the recovery in air travel. Still, it was clear by October that the crisis was dragging on so long that theaidSouthwest had received from the CARES Act Payroll Support Program wasnt adequate to prevent layoffs and pay cutsunless Washington stepped up with more rounds of assistance. As adopted by the Board of Directors of Southwest Airlines Co. on February 2, 2022. Readers should not assume that the information contained on this site has been updated or otherwise contains current information. Step-By-Step Pay Equity Analysis Guide Product Guide By clicking Download Product Guide, Do you know what your employees really want for the holidays? Learn more about each company and apply to jobs near you. Keeping customers engaged is a big competitive advantage for Southwest Airlines. The airline assembled a list of 50 domestic airports where it wanted to start service. You cant take care of people without taking care of the company,says Kelly. The highest reported salary for an employee at Southwest Airlines Co is currently $141k / year, Southwest Airlines Co offers some retirement and welfare benefits. United Airlines began as a mail carrying service, and has turned into one of the most popular airlines in the world. Southwest is the only large airline that can compete on price. Southwest prides itself on never imposing furloughs or chopping wages. However, there are many more factors that go into this competitive advantage. About 27% of the. Delta Air Lines employees rated their Positive Business Outlook 7% higher than Southwest Airlines employees rated theirs. Today, nine in 10 of the employees who went on leave have returned to full-time work. Southwest Airlines pays an average salary of $41,081 per year, or $19.75 an hour. The average Southwest Airlines hourly pay ranges from approximately $19 per hour for a Ticket Agent to $105 per hour for a Sr Systems Engineer. Our growth plans were stymied by losing the MAX, saysAndrew Watterson,Southwests chief commercial officer. JetBlue Airways 5. Once again, Kelly leaped in. Opinions expressed by Forbes Contributors are their own. Use of the Southwest websites and our Company Information But when its rivals pulled back, precious landing slots opened, and Kelly pounced. For the previous half-decade prior to COVID, Southwest, which had been a domestic-only carrier, made a major shift by focusing its growth almost exclusively on vacation locales in the Caribbean and Latin America, adding flights to 20 destinations such as Cancn, Mexico; San Jos, Costa Rica; and Nassau in the Bahamas. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Can Southwest hold out even after other airlines have waived change fees. A comeback on that scale would be heroic, considering the depth of the drop, and how long the pandemic crunched air travel to the levels of the 1970s. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. Company reviews. This is especially true in the uncertain demand environment that all airlines face today. Clear Skiesour Employee Assistance Program (EAP). But the color that accompanied the report for the week of April 5, 2020, evoked the lowest of low-down blues. The finance organizational function also pays relatively high compared to other departments, where employees earn $77,729. But airlines are capital on wings. With our Employee Stock Purchase plan, Employees can purchase Southwest common stock at a 10% discount through payroll deductions after six months of continuous service. The Committee shall have the powers, authority, duties, and responsibilities to: The Committee shall be directly responsible for the appointment, compensation, and oversight of the work of any compensation consultant, independent legal counsel, or other adviser retained by the Committee; provided that the Committee has taken into consideration all factors relevant to that persons independence from management, including any independence factors that may be specified from time to time by the Securities and Exchange Commission and the New York Stock Exchange. The COVID hit was far more damaging because we kept getting false dawns, then it would go on and on.. Southwest coming to town is a big deal in those markets. We had more customers than we could serve in Denver, Austin, Houston, Fort Lauderdale, Nashville, and more cities, says Kelly. Air Canada 9. I dont like paying for checked bags when I didnt check any bags. They looked at me and said we didnt check bags either and then, with a figurative light bulb on their head, said hey, were subsidizing all those bag checkers! We all laughed, but it brings out a point about Southwests fares. The problem was that the airport charged what amounted to big fees per passenger that were traditionally several times higher than in Fort Lauderdale. American Airlines. The difference in fees made it extremely difficult for a low-cost carrier like Southwest, says Mann. Gained a lot of experience, met so many new people, networked a lot, I miss it very much. These flexible policies help the airline to build high levels of brand loyalty. It was business travel that suffered most by far in the crisis, and it was clear to Kelly, as well as other industry leaders, that a rush of vacationers would lead the rebound, while it would take years for thebusiness crowd to return in their old numbers. All proxy statements are public filings made available to the general public by the SEC. They allow a customer to cancel a. Average Southwest Airlines Salary $41,081 yearly $19.75 hourly Updated November 18, 2022 For its 2021 fiscal year, SOUTHWEST AIRLINES CO, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 4.3 out of 5 stars for Compensation/Benefits. But the pandemic opened an unexpected new lane. We take a deep dive into what's impacting employee retention and what employees are looking for in their new role. Timothy has helped provide CEOs and CFOs with deep-dive analytics, providing beautiful stories behind the numbers, graphs, and financial models. Southwest Airlines may also be known as or be related to Southwest, Southwest Airlines, Southwest Airlines Co and Southwest Airlines Co. Southwest Airlines pays $41,081 per year on average compared to Delta Air Lines which pays $36,132. What Benefits Does Southwest Airlines Offer? . He achieved that feat by deploying planes parked at desert airfields, and crews grounded by the pandemic, thatSouthwest still paid for, and dispatching them to thenew routes, a gambit that brought sorely needed revenue. The lifeline saved Southwest from imposing the first layoffs and pay reductions in its history, six months before the 50-year mark. But they could reach that goal through a variety of routes, by imposing layoffs, reducing pay, or hiking productivity, or a blend of all three. One hundred people in personnel went to other jobs across the company, such as keeping maintenance records, says Jordan. The shockwaves from two of the worst tragedies in airline history left Southwest short of the horses needed for the charge. To stanch the bleeding,Kelly indeed slashed outlays. The point here is that for narrow body service within the U.S., Southwests cost advantage to the big three U.S. airlines has largely gone away the big carriers costs where they fly against Southwest are similar. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. There are many reasons that United, followed quickly by Delta and American, chose to cancel change fees for higher-fare paying customers. This report is not for commercial use. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as "plans," "believes," "expects," "anticipates," "may," "could," "intends," "goal," "will," "should," and similar expressions and variations thereof. Other available benefits include adoption assistance reimbursement, paid adoption leave, parental leave (Noncontract Employees), child and elder care resource and referral program, committed partner benefits, a concierge program, supplemental hospital insurance, pet insurance, and auto and home insurance. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. That super-solid positionshould enable it to greatly expand its fleet in the months and years to come, providing the extra seats to capture an outsize share of the overall markets growth, and in promising markets, pull passengers from its rivals planes. One said to the other You know what I like about flying Southwest? The estimated hourly pay at Southwest Airlines ranges from approximately $9.46 per hour for Revenue Manager to $68.65 per hour for Tableau Developer. Ithada thriving hub in Fort Lauderdale, but not a single flight from much larger Miami International to the south. WestJet Airlines 7. In 2015, Southwest Airlines became the leading carrier in terms of market share and surpassed its main competitors, American Airlines and Delta Air Lines. Employees and family members have access to eight free counseling sessions and work/life balance tools. This website contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Its pricing strategy offers extremely low prices compared to other large airlines, such as Delta and American Airlines. Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. Through this sound strategy, Southwest achieved multiple competitive advantages that have allowed it to stay relevant in a rapidly changing world. If Southwest exercises all optionsa strong possibility if its growth opportunities match Kellys expectationsit could operate a fleet of almost 1,100 planes in 10 years, an increase in capacity of 50%. Southwest matches Employee contributions dollar-for-dollar up to 9.3% of their eligible earnings. 4.0. The Board shall appoint one member of the Committee as chairperson (Chair) of the Committee. The higher paying positions at Southwest Airlines include senior software engineer, lead technician, senior java developer, and devops engineer. Cancel. It said, We have no words to describe the damage. Community Giving Boards comprised of local Employees decide how Southwest gives back to charities in their neighborhoods, tapping into the passion points of their community. The average Southwest Airlines salary ranges from approximately $39,092 per year for a Ticket Agent to $375,546 per year for a Senior Director. Southwest Airlines employees rate the overall compensation . Kellys template for expanding Southwests reach in large part grew out of the crisis.