COVID Stimulus Watch Parent Company Summary

Parent Company Name:  Southwest Airlines
Grant Total:  $2,300,000,000
Face Value of Loans Total:  $1,002,102,015

Parent Company Data

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

Parent Accountability Issues Since 2010

Employment-related Penalties:  $21,540,000
Federal Corporate Income Tax Rate:  10.90%
Environmental / Healthcare / Safety Penalties:  $24,112,545
Consumer Protection / Financial / Competition-related Penaties:  $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
Details on Accountability data sources

Other Accountability Links For This Company

Violation Tracker.

Subsidy Tracker.

Just Capital COVID-19 Corporate Response Tracker.

Follow the Money campaign finance data.

Individual Award Records:

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Company Grant Amount Loan Face Value Award Date
Southwest Airlines Co. $2,300,000,000 Apr 21, 2020
Southwest Airlines $1,000,000,000 Apr 14, 2020
Southwest Airlines Co $2,102,015 Jun 28, 2020

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