COVID Stimulus Watch Individual Entry

Recipient Company:

Southwest Airlines

Loan or Loan Guarantee Amount:

$976,057,936

Recipient Details

Ownership Structure: publicly traded (ticker symbol LUV)

Facility City: DALLAS

Facility State: TX

Award Date: Apr 21, 2020

Award Type: loan

Award Details: 1st Round Payment (PSP I)

Program Name: Payroll Support Program

Legislation: CARES

Awarding Agency: Treasury Department

Data Source for Award:

Parent Company: Southwest Airlines

Headquartered in: Texas

Parent Sector: airlines

Parent Industry: airlines

Employees (prior to pandemic): 60,800

Employment-related Penalties: $21,570,903

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $24,357,900

Consumer Protection / Financial / Competition-related Penalties: $3,000,000

Ratio of CEO Pay to that of Median Worker: 86.6 to 1

CEO Compensation: $8,771,124

Worker Median Pay: $101,302

Total Federal, State, and Local Subsidies: $440,000

Federal Corporate Income Tax Rate: 10.9%