Southwest Airlines Profit Sharing Hits Record $620 Million in 2015

Feb. 11, 2016
The shared profits average 15.6 percent of eligible employee's annual compensation, or the equivalent of eight weeks pay.

Southwest Airlines announced on Thursday that their profit sharing program will distribute $620 million to eligible employees by April 29. The 2015 profit share is the largest in company history and more than the cumulative contributions over the program's first 25 years ($559 million from 1974-1998. Over the four decades of profit sharing, Southwest's contributions will have totaled over $3.4 billion—and more than $1.4 billion for the past five years alone (2011-2015).

"Behind every milestone Southwest Airlines has celebrated — and there have been many — our Employees are the driving force. I'm incredibly proud of the Teamwork and Heart behind every accomplishment," said Gary Kelly, chairman, president, and CEO of Southwest Airlines. "Our people have built one of the world's most admired companies, and they share in Southwest's success with this third consecutive record-breaking profitsharing contribution."

You can read the full release from Southwest Airlines on AviationPros.com.