CEO Total Pay
$457K
FY2024 Summary Compensation, below median
LUV FY2024 SEC EDGAR DEF 14A
Southwest Airlines Co CEO pay ratio
The CEO earned $457K in FY2024 against median worker pay of $91,442 · Air Transportation.
- State
- TX
- Filing date
- 2025-04-04
- Industry
- Air Transportation
- Fiscal year
- FY2024
Data updated August 2026
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CEO-to-worker pay ratio
5:1
Below Average (Scale: 0–1000:1)
CEO pay
$457K
Median worker
$91,442
Latest filing FY2024. This company's newest DEF 14A on file is for FY2024, not FY2025, so the figures on this page are from that earlier year and are not ranked against the FY2025 industry benchmark. Industry pages mark issuers like this one with a "Latest filing" label.
Answer first
Southwest Airlines Co reported a 5:1 CEO-to-worker pay ratio in FY2024 - at or below the Air Transportation median of 96:1 across 8 filers.
Figures come from Section 953(b) Dodd-Frank DEF 14A disclosures - not estimates. View all Air Transportation companies.
- Pay ratio
- 5:1
- FY2024 disclosed
- CEO total
- $457K
- Summary Compensation Table total
- Median worker
- $91,442
- Dodd-Frank median employee
Ratio bands among Air Transportation peers
Exclusive CEO-to-median-worker bands across 8 complete latest-FY filings in SIC 45. Segments sum to the peer set, not this company's compensation pillar.
CEO Compensation Breakdown, FY2024
A component-level pay breakdown is not reported in Southwest Airlines Co's structured SEC pay-ratio disclosure. See our methodology →
Filing-year trail · Southwest Airlines Co
Complete DEF 14A pay-ratio filings for this CIK across FY2021–2024. Year-over-year deltas compare adjacent filing years only; incomplete dollar rows are omitted (same completeness gate as the hero figures).
- Latest ratio
- 5:1
- FY2024
- vs prior FY
- -1:1
- from FY2022 6:1
- CEO $ YoY
- -12%
- $457K latest
- Filings shown
- 3
- FY2021–2024
| FY | CEO pay | Δ pay | Median worker | Pay ratio | Δ ratio |
|---|---|---|---|---|---|
| 2021 | $509K | - | $84,872 | 6:1 | - |
| 2022 | $520K | +2% | $86,599 | 6:1 | 0:1 |
| 2024 | $457K | -12% | $91,442 | 5:1 | -1:1 |
Source: SEC EDGAR DEF 14A pay-ratio disclosures for CIK 92380, FY2021–2024. Adjacent-year deltas only.
Industry Comparison - Air Transportation
This Company's Ratio
5:1
Industry Median Ratio
96:1
Industry Median CEO Pay
$6.6M
This CEO's Pay
$457K
Companies in Industry
8
vs. Industry Median
Below
Southwest Airlines Co: near-parity Item 402(u) ratio
Southwest Airlines Co stamps FLOOR · HIGH-MED at 5:1 against $91,442 median worker pay in FY2024. the CEO earned 5× the median employee ($91,442) in FY2024.
At $91,442 median worker pay, the FLOOR stamp is near pay-parity territory under MICRO CEO total.
Pay Ratio
5:1
Below typical
What FY2024 shows for Southwest Airlines Co
Southwest Airlines Co stamps FLOOR · HIGH-MED at 5:1 against $91,442 median worker pay in FY2024. The structured pay-ratio disclosure reports the total without line-item components. Air Transportation (SIC 45) median ratio is 96:1 across 8 FY2025 filers; Southwest Airlines Co's $457K CEO total is at or below the $6.6M industry median CEO pay.
Southwest Airlines Co stamps FLOOR · MICRO · HIGH-MED; grant-date fair value (not realized pay) is what the DEF 14A reports. Open Air Transportation peers.
Key Data, FY2024
- Total Compensation
- $457K
- Median Employee Pay
- $91,442
- Pay Ratio
- 5:1
- Filing Date
- 2025-04-04
Company Info
- Ticker
- LUV
- CIK
- 92380
- Industry
- Air Transportation
- SIC Code
- 4512
- State
- TX
SEC EDGAR DEF 14A for CIK 92380, FY2024. Informational only, not investment advice. Verify on EDGAR.
Read our methodology - how this data is sourced, computed, and verified. Southwest Airlines Co stamps FLOOR · HIGH-MED at 5:1 against $91,442 median worker pay in FY2024.
Read with Southwest Airlines Co
ABS(ceo_total_comp) peers first, then a SIC pole and a stamp-branched guide - not a fixed Related strip. This page stamps FLOOR · MICRO · HIGH-MED.
Highwater Ethanol LLC · MICRO
ABS(ceo_total_comp) peer at $458K (Δ $355 heavier vs Southwest Airlines Co); FLOOR · HIGH-MED vs this page's FLOOR · MICRO · HIGH-MED.
Azenta, Inc. · MICRO
ABS(ceo_total_comp) peer at $464K (Δ $7K heavier vs Southwest Airlines Co); FLOOR · PAR-MED vs this page's FLOOR · MICRO · HIGH-MED.
Waterstone Financial, Inc. · MICRO
ABS(ceo_total_comp) peer at $467K (Δ $10K heavier vs Southwest Airlines Co); FLOOR · PAR-MED vs this page's FLOOR · MICRO · HIGH-MED.
SunCoke Energy, Inc. · MICRO
ABS(ceo_total_comp) peer at $444K (Δ $14K lighter vs Southwest Airlines Co); FLOOR · HIGH-MED vs this page's FLOOR · MICRO · HIGH-MED.
Air Transportation benchmark
Southwest Airlines Co stamps FLOOR · MICRO · HIGH-MED inside SIC 45 - open the industry median board after the ABS peers.
Pay-ratio rankings · FLOOR
See where FLOOR · MICRO packages sit on the national leaderboard after reading Southwest Airlines Co.
Ratio primer · FLOOR
Southwest Airlines Co's FLOOR stamp sits in the lower Item 402(u) band - start with how the ratio is disclosed before comparing peers.
Data sourced from SEC EDGAR DEF 14A for Southwest Airlines Co (CIK 92380), FY2024. See our methodology. Aggregated by PlainCEOPay as of August 2026.
Data currency: Executive compensation from SEC EDGAR DEF 14A proxy statements through fiscal year 2025, compiled and last refreshed August 2026. See our methodology for source dates and refresh cadence. Spot a figure that looks wrong? Report a correction.