» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 129 | NO. 73 | Tuesday, April 15, 2014

Southwest Says Profit-Sharing Nearly Doubles

AP

Print | Front Page | Email this story | Comments ()

DALLAS (AP) – Southwest Airlines says employees will get a record $228 million in profit-sharing this year, nearly double the payout of a year ago.

The airline said Monday that the payout is based on results from 2013, when net income hit a record $754 million.

Earnings and stock prices for airlines soared last year, and employees at some carriers are benefiting. Delta Air Lines Inc. said in February that it would pay $506 million in profit-sharing.

Dallas-based Southwest also owns AirTran Airways and is the nation's fourth-biggest airline operator. Employees own about 4 percent of Southwest's stock. The company has nearly 45,000 employees and is negotiating new contracts with its union workers.

Southwest's shares gained 84 percent in 2013 and began Monday up 21 percent in 2014.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 79 146 10,368
MORTGAGES 95 202 13,529
FORECLOSURE NOTICES 19 43 2,687
BUILDING PERMITS 0 393 24,700
BANKRUPTCIES 62 122 10,014
BUSINESS LICENSES 21 37 3,773
UTILITY CONNECTIONS 99 248 14,805
MARRIAGE LICENSES 27 58 3,225

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.