Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion.
Southwest Airlines CEO Bob Jordan, who was then Executive Vice President and Chief Commercial Officer, testifies at the U.S. Capitol in Washington, D.C., U.S., May 2, 2017. REUTERS/Kevin Lamarquepaid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion.
The Dallas-based carrier also paid a higher bonus to Chief Operating Officer Andrew Watterson. However, it cut the incentive pay for other top executives. A Southwest spokesperson attributed the increased bonus payments to Jordan and Watterson's job promotions. Jordan served as executive vice president until Feb 1, 2022, when he became the company's CEO. Watterson served as chief commercial officer through last September.
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