Sky Talk

Southwest Airlines CEO gets 19 percent boost in compensation for 2015

Southwest Airlines CEO Gary Kelly speaks during a preview of the new international concourse at Houston Hobby Airport Thursday, Oct. 8, 2015, in Houston. (AP Photo/Pat Sullivan)
Southwest Airlines CEO Gary Kelly speaks during a preview of the new international concourse at Houston Hobby Airport Thursday, Oct. 8, 2015, in Houston. (AP Photo/Pat Sullivan) AP

With American Airlines’ proxy filed on Friday, I thought I’d check around to see who else has filed their shareholder proxy.

Dallas-based Southwest Airlines filed its proxy earlier this month and its chief executive Gary Kelly had almost a 19 percent increase in his compensation.

Kelly earned $5.9 million in 2015 which included his base salary of $675,000 and a $3.78 million stock award. He also received a $232,875 cash bonus and other benefits last year.

Last year, Southwest shares increased about 3 percent as the carrier earned record profits of $2.2 billlion. It also grew revenues by 6.5 percent to $19.8 billion for the year as it benefited from low fuel prices and rapid growth at Dallas Love Field.

Southwest plans to hold its annual shareholder meeting in Chicago on May 18.

  Comments