Southwest Airlines CEO gets 19 percent boost in compensation for 2015

With American Airlines’ proxy filed on Friday, I thought I’d check around to see who else has filed their shareholder proxy.

Dallas-based Southwest Airlines filed its proxy earlier this month and its chief executive Gary Kelly had almost a 19 percent increase in his compensation.

Kelly earned $5.9 million in 2015 which included his base salary of $675,000 and a $3.78 million stock award. He also received a $232,875 cash bonus and other benefits last year.

Last year, Southwest shares increased about 3 percent as the carrier earned record profits of $2.2 billlion. It also grew revenues by 6.5 percent to $19.8 billion for the year as it benefited from low fuel prices and rapid growth at Dallas Love Field.

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