COVID Stimulus Watch Individual Entry

Individual Award Data

Recipient Company:
Southwest Airlines
Parent Company: Southwest Airlines
Award Date: Apr 14, 2020
Award Type: loan
Loan or Loan Guarantee Amount: $1,000,000,000
Awarding Agency: Treasury Department
Program Name: Payroll Support Program
Award Details: Southwest Airlines announced it would receive more than $3.2 billion in financial assistance, including a low-interest loan of nearly $1 billion and a grant of $2.3 billion (listed separately). The company expected to provide Treasury warrants for 2.6 million shares.
Data Source for Award:

Parent Company Data

Ownership Structure: publicly traded (ticker symbol LUV)
Headquartered in: Texas
Parent Sector: airlines
Parent Industry: airlines
Employees (prior to pandemic): 60,800

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $21,540,000
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $24,112,545
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $3,000,000
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 86.6 to 1
CEO Compensation: $8,771,124
Worker Median Pay: $101,302
Tax icon
Total Federal, State, and Local Subsidies: $440,000
Federal Corporate Income Tax Rate: 10.9%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources