Owner of Southwest Airlines: Southwest Airlines Company is an airline based in the United States and the world’s largest low-cost carrier. It is headquartered in Dallas, Texas, and has organized service to 121 destinations in the United States with 10 additional countries.
As of 2018, Southwest carried more domestic passengers than any other United States airline. It is presently the third-largest airline in North America by number of passengers carried.
The airline was founded on March 9, 1967, by Herb Kelleher and Rollin King as Air Southwest Company and adopted its current name, Southwest Airlines Company, in 1971.
Southwest Airlines Company operates one of the world’s most renowned luxury airlines, serving 121 airports in 11 countries with a reputation for unbeatable prices and hospitality.
Southwest took off in 1971 to democratize the skies through friendly, reliable, and low-cost air travel and now carries more air passengers nonstop within the United States than any other airline.
It began regional interstate service in 1979, expanding nationwide over the following decades. Southwest currently serves airports in 42 states including several Central American destinations.
| Company Name | Southwest Airlines |
| Type | Public |
| Founder | Herb Kelleher Rollin King |
| Parent company | Southwest Airlines |
| Founded | March 9, 1967; 56 years ago |
| Headquarter | Dallas, Texas, U.S. |
| Employees | 66,100 |
History Of Ownership
Southwest Airlines has been committed to doing the right thing by our people for more than 50 years.
Southwest Air was founded in 1966 when a group of Texas investors which include Rollin King, M. Lamar Mews, and Herbert D. Kelleher grew $560,000 to create Air Southwest Company.
Incorporated in 1967, the company was conceived as a commuter airline serving three Texas cities: Dallas, Houston, and San Antonio. Although the Texas Aeronautics Commission (TAC), the regulatory body responsible for overseeing aviation within the state, allowed the company to fly the requested routes in February 1968, three competing airlines tried to prevent the airline from being grounded. filed a lawsuit.
Six months later, after fighting several legal battles, changing its name to Southwest Air, and selling stock in the company, the fledgling airline began operations on June 18, 1971. Under the leadership of President M. Lamar Muse, the airline offered six daily flights. roundtrip flights between Dallas and San Antonio, and 12 daily roundtrip flights between Dallas and Houston. A one-way ticket costs $20.
History
- 1967:Organization is included as Air Southwest Co.
- 1971:Airline establishes the first route, connecting Dallas, Houston, and San Antonio.
- 1973:SWA posts first earnings and starts RUSH cargo service.
- 1975:Southwest goes shared on the American Stock Exchange.
- 1976:Company is renamed Southwest Airlines Co.
- 1977:Shares relocate to the New York Stock Exchange.
- 1978:Herb Kelleher becomes Southwest’s direct new chairman.
- 1979:SWA passes outside Texas to New Orleans.
- 1981:Kelleher is named group president and CEO.
- 1982:SWA begins flights to West Coast.
- 1990:Earnings exceed $1 billion and making SWA a major airline.
- 1994:Morris Air and Arizona One are acquired.
- 1996:Online booking site is launched.
- 2000:SWABIZ corporate booking tool is presented.
- 2005:SWA enters the first-ever codeshare contract with ATA Airlines.
Who is the Owner of Southwest Airlines
Southwest Airlines was established in 1967 by Herb Kelleher. But currently, Southwest Airlines is directed by CEO Bob Jordan.
Southwest Airlines, US One of the world’s leading airlines, the world’s leading low-cost carrier. The Dallas-based airline was founded in 1967 by Herb Kelleher and works primarily domestically and in Latin America. However, Southwest is known to have only one Boeing 737 in its fleet.
The company operates over 700 aircraft and delivers over 4,000 departures per day during extreme travel season. Southwest Airlines began international operations in July 2014, following the addition of AirTran Airways in 2011.
Southwest Airlines was led by CEO and President Gary C. Kelly from 2004 to February 2022. After that Kelly was replaced by Bob Jordan. According to CNN Business, the majority ownership of Southwest is held by mutual fund holders at 46.29 percent.
The largest shareholder of Southwest Airlines is The Vanguard Group, Inc. which bears a 10.74 percent stake in the business. Apart from it, PRIMECAP Management Company has an 8.78 percent stake (over 52 million shares). Other shareholders include SSGA Funds Management, Inc., BlackRock Fund Advisors as well as T. Rowe Price Investment Management.
Institutional Owners: Who is the Owner of Southwest Airlines
Institutional Shareholders are as follows-
| Name | Stake | Equities | Valuation |
| The Vanguard Group, Inc. | 10.95 % | 65,151,468 | 2 226 M $ |
| PRIMECAP Management Co. | 7.893 % | 46,967,658 | 1 604 M $ |
| T. Rowe Price Investment Management, Inc. | 2.599 % | 15,463,591 | 528 M $ |
| T. Rowe Price Associates, Inc. (Investment Management) | 2.565 % | 15,265,107 | 521 M $ |
| Geode Capital Management LLC | 1.942 % | 11,558,671 | 395 M $ |
| Capital Research & Management Co. (World Investors) | 1.648 % | 9,808,820 | 335 M $ |
| Putnam Investment Management LLC | 1.531 % | 9,109,512 | 311 M $ |
| American Century Investment Management, Inc. | 1.472 % | 8,758,295 | 299 M $ |
| JPMorgan Investment Management, Inc. | 1.113 % | 6,623,024 | 226 M $ |
| Columbia Management Investment Advisers LLC | 0.9834 % | 5,852,012 | 200 M $ |
Southwest Service Care
If Southwest Business Offers Low Fares, So Can Flying Be Satisfied? The answer is yes which is truly absolutely.
Seat Specs
Still, with an intermediate slope length of 31″-33″, a small recline on most seats, and a full tray table, they top the low-cost economy seat list. Heck, they even rank above standard when it comes to industry-wide economy pitch sizes.
Additionally, the new models feature slimmer seats with shorter armrests, giving consumers greater width – 17.8″ to be accurate. (It’s believed to be the largest in economy seating of any carrier.)
Current Awards
- Highest Ranking Low-Cost Carrier – J.D. Power 2017 North America Airline Satisfaction Study
- Named A Best Employer – Forbes 2017 List
- Reader’s Pick, Best Frequent Flyer Program (U.S.) – Smarter Travel
- Best Customer Service, 5th Consecutive Year – 2017 Freddie Awards
- Program of the Year (Rapid Rewards®), Best Loyalty Credit Card, Best Airline Redemption Ability – 2017 Freddie Awards
- Domestic Carrier of the Year, 8th Consecutive Year – Airforwarders Association
- 100 Best Corporate Citizens List – Corporate Responsibility Magazine, 2017
- Most Valuable Employer for Military – Recruit Military, 2017
- World’s Best Low-Cost Airlines, Top 20 List – Skytrax World Airline Awards 2017
Company Details
When Herb Kelleher, the legendary founder of Southwest Airlines, died on January 3, 2019, at the age of 87, he left behind a legacy of wisdom and insight as inspiring and transformative as the company he built.
His achievements and impact are so multifaceted by touching so many people in so many different ways that it is impossible to fathom them. Yet Herb’s colorful series of personal mottoes, simply called “Herbism,” may most effectively capture his true spirit.
For more than 50 years, Southwest Airlines has been committed to doing the right thing by their people, through their performance, and in service of our planet, all supported with strong corporate governance.
Company take pride in their reputation as an airline with a heart, and this naturally extends to a passion for making a difference in South West company to communities and protecting as well as resources.
Key People of Owner of Southwest Airlines
| Bob Jordan | President and CEO |
| Gary Kelly | Chairman |
| Andrew Watterson | COO |
Subsidiaries
Here, we will explore the various subsidiaries that are part of Southwest Airlines Each subsidiary may have unique offerings and contribute to the overall strength and diversity of Southwest Airlines services.
- AirTran Airways 717 Leasing Corporation
- AirTran Airways, Inc.
- AirTran Fuel Services, Inc.
- AirTran Holdings, LLC
- AirTran Risk Management, Inc.
- API Terminal, Inc.
- Southwest ABQ Res Center, Inc.
- Southwest Jet Fuel Co.
- Triple Crown Insurance Co., Ltd.
Hubs
- Atlanta
- Baltimore
- Chicago–Midway
- Dallas–Love
- Denver
- Houston–Hobby
- Las Vegas
- Los Angeles
- Oakland
- Orlando
- Phoenix–Sky Harbor
Conclusion: Who is the Owner of Southwest Airlines
Southwest Airlines has always stood for safe and dependable air transport, exceptional customer service, and genuine hospitality.
The company has always stood for safe and dependable air transport, exceptional customer service, and genuine hospitality. The company’s aim is to expand on its history of exceptional customer service, consistently exceeding our customers’ expectations while pushing service to new heights.
Southwest Airlines is committed to becoming the finest airline in company customers’ eyes. Southwest Airlines will give their customers valuable and distinctive products, a great return for investors, and challenging and exciting work for Southwest Airlines employees in an environment that respects and honors their efforts.