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.
For the next several weeks, we are compiling the thoughts and experiences of our staff, writers and readers about the ongoing COVID-19 crisis. As a travel publication, we’ve all been affected during these difficult times, as have many of our clients, friends, partners and more.
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.
Air Canada recently announced new, non-stop service between Vancouver (YVR) and Santa Ana (SNA), California, starting June 15. An Airbus A319 aircraft is slated for the route, with 14 seats in business class and 106 seats in economy class. Flights depart Vancouver daily at 9 a.m., arriving in Orange County at 11:59 a.m. Return flights depart Orange County at 12:40 p.m., arriving in Vancouver at 3:27 p.m.
The new The Fives Oceanfront Puerto Morelos is set to open in Riviera Maya July 1, situated a 15-minute drive from Cancún International Airport. A Fives Hotels & Residences property, the hotel is “all-senses inclusive.”
Looking for a truly unique travel experience and considering a new vehicle? The Volvo Overseas Delivery Program is the perfect solution to create your own adventure of a lifetime. Volvo allows you to custom order your new automobile tailored to fit your needs and desires. They will fly you to Sweden to pick up your Volvo so you can drive and explore Scandinavia and Europe on your terms for up to two weeks.
The new Club MSY, a premium lounge, opened at Louis Armstrong New Orleans International Airport.
Accor announces the signing of a 24-pool villa resort in Phuket, V Villas Phuket-MGallery.
Since 1970, Goway Travel has been committed to providing customized travel experiences for world travelers. Few things are better evidence of this commitment than being awarded the 2019 Trazees award for Favorite Tour Operator. Goway Travel heartily thanks the readers of Trazee Travel for this honor and for their confidence in Goway’s work in creating travel memories that’ll last a lifetime.