Southwest Airlines CEO receives higher bonus despite holiday meltdown – Reuters

Southwest Airlines CEO receives higher bonus despite holiday meltdown – Reuters

CHICAGO, April 6 (Reuters) - Southwest Airlines Co (LUV.N) 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.

In February, the company said executive bonuses would be cut as a result of the meltdown.

Jordan received $195,720 in bonus payout, up 89% from a year ago, according to a regulatory filing. His total compensation also shot up by about 75% to more than $5.3 million.