COVID Stimulus Watch Individual Entry

Recipient Company:
Southwest Airlines Co
Loan or Loan Guarantee Amount:
$1,119,619

Recipient Details

Ownership Structure: publicly traded (ticker symbol LUV)

Award Details

Award Date: Oct 8, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Southwest Airlines
Headquartered in: Texas
Parent Sector: airlines
Parent Industry: airlines
Employees (prior to pandemic): 60,800

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $21,570,903
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $24,357,900
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

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues