| Business Summary | | Southwest
Airlines
Co.
is
a
major
domestic
airline
that
provides
primarily
short-haul,
high-frequency,
point-to-point,
low-fare
service.
As
of
December
31,
2000,
Southwest
operates
344
Boeing
737
aircraft
and
provides
service
to
58
airports
in
57
cities
in
29
states
throughout
the
United
States.
Southwest
focuses
principally
on
point-to-point,
rather
than
hub-and-spoke,
service
in
short-haul
markets
with
frequent,
conveniently
timed
flights
and
low
fares.
Southwest
serves
many
conveniently
located
satellite
or
downtown
airports
such
as
Dallas
Love
Field,
Houston
Hobby,
Chicago
Midway,
Baltimore-Washington
International,
Burbank,
Manchester,
Oakland,
San
Jose,
Providence,
Ft.
Lauderdale/Hollywood
and
Long
Island
airports,
which
are
typically
less
congested
than
other
airlines'
hub
airports. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Southwest
Airlines
Company
provides
shorthaul,
high
frequency,
point-to-point,
low-fare
air
transportation
services.
LUV's
344
aircraft
provide
service
between
55
cities
in
29
states
throughout
the
U.S.
For
the
six
months
ended
6/30/01,
revenues
rose
10%
to
$2.98
billion.
Net
income
before
accounting
change
rose
4%
to
$296.7
million.
Revenues
reflect
increased
capacity
and
an
increase
in
passenger
fare.
Net
income
was
partially
offset
by
higher
fuel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Herbert Kelleher, 70 Chairman | $736K | $13.2M | Colleen Barrett, 56 Pres,
COO | 558K | 1.1M | James Parker, 54 Vice
Chairman, CEO | 405K | 3.7M | Gary Kelly, 45 CFO,
Exec. VP | 361K | 558K | Donna Conover Exec.
VP, Customers | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|