Southwest Airlines gave 60,000 employees a $667 million profit-sharing bonus. For some, this translates to a check for 12.2 percent of their annual salary, or approximately an additional six weeks of pay, according to a report on CNN Business.
Southwest did this despite decreased profits in 2019.
“Our employees delivered outstanding results despite a challenging year, and it’s a pleasure to reward our people for all they contribute to our continued success,” said Gary Kelly, CEO, Southwest Airlines.
The airline’s profits fell 6.7 percent after several federal investigations and the grounding of the Boeing 737 MAX aircraft. The airline did receive an undisclosed settlement from Boeing, and reports say approximately $125 million of the bonus comes from that settlement.
Southwest was the first airline to use a profit-sharing scheme, in use for 46 years.
All airplane flights begin on the ground. An airport is the starting point, but airspace issues continue to expand from the terrestrial to the aerial. Altitude is no barrier when countries claim sovereignty from the Earth to beyond the stratosphere.
Finding a beachfront Punta Cana all-inclusive resort for all ages can be daunting when you want to take home great memories with loved ones but also experience a sophisticated escape. Now, you can have both thanks to a new resort: Finest Punta Cana.
Flanked by the ski resort-studded Balkan Mountains and situated directly downwind from the fragrant pine forests of the Vitosha mountain, Sofia’s gorgeous landscape and strategic location between Asia and Europe put it at a crossroads where business and pleasure intermingle effortlessly. In recent years Bulgaria’s capital city has ranked as one of the top 10 best places in the world for startup businesses, and the onslaught of new tax exemptions for businesses looking to invest in the country make it an attractive option for many corporations to begin operations within the city.
It’s been almost three years since Category 5 Hurricane Maria made landfall on Puerto Rico, wreaking havoc on the island and leaving most residents without electricity and clean water. Tourism, which accounts for 6.5 percent of Puerto Rico’s gross domestic product, took a beating, with hotels closed for year-long repairs, airlines cutting service and cruise lines shifting itineraries to other Caribbean destinations. Timing for the hurricane couldn’t have been worse, coming on the heels of the government’s announcement in May 2017 that it was unable to pay more than $70 billion in public debt and thus forced to file for bankruptcy. Large protests and a change of government would follow. Then, in January 2020, a 6.4-magnitude earthquake rocked the south side of the island, forcing San Juan restaurants to close while power was restored. And as we write this story, coronavirus runs rampant across the globe with severe economic implications for all destinations, including Puerto Rico.
According to the U.S. Small Business Administration’s Office of Advocacy, small businesses create two-thirds of net new jobs and account for nearly 48 percent of the U.S. private sector workforce. And small- and medium-sized businesses outpace all other sectors as one of the fastest-growing in the United States. InterContinental® Hotels Group (IHG) goes above and beyond to create opportunities for this segment with its IHG® Business Edge program, voted Best Small- to Mid-Sized Business Program in Global Traveler’s 2019 GT Tested Reader Survey awards.
Climbing along the coast, I was trying to snap pictures of the cool-blue Puerto Vallarta waters outside my car window (I know, it never works) when we started winding along stone walls draped in jungle-like foliage. Annoyed my view was blocked, I looked around to see where we were just as we were parking at Hotel Mousai — I audibly gasped. The all-glass, chic and incredibly grand entrance was so well-secluded, it somehow snuck up on me.
Noble House Hotels & Resorts debut Tropical Distancing, a newly trademarked term to connote social distancing in an idyllic setting at its U.S. beach properties, including San Diego Mission Bay Resort; Kona Kai Resort & Spa; LaPlaya Beach & Golf; Ocean Key Resort & Spa; Pelican Grand Beach Resort; The Portofino Hotel & Marina; Solé Miami; L’Auberge Del Mar; and Little Palm Island Resort & Spa.
Though air travel slowed as airports temporarily closed and borders shuttered to stifle the spread of coronavirus, the airline industry — led by oneworld alliance member airlines — enacted enhanced protective measures to reduce risk and protect passengers.
The 1985 song “One Night in Bangkok” mentions many of the overindulgences of this city. One of them is massage parlors. Today, however, a Thai massage is considered an activity that improves one’s physical and mental well-being. The city has shed its former reputation as a place of wild nightlife and decadence, over the past few decades emerging as a major center for international commerce, wellness initiatives and tourism.