» 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 This material may not be published, broadcast, rewritten or redistributed.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 72 238 10,116
MORTGAGES 103 297 13,172
FORECLOSURE NOTICES 0 40 2,578
BUILDING PERMITS 0 370 23,894
BANKRUPTCIES 70 222 9,755
BUSINESS LICENSES 20 71 3,674
UTILITY CONNECTIONS 126 390 14,353
MARRIAGE LICENSES 0 53 3,116

Weekly Edition

Issues | About

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