Southwest Airlines’ (Dallas) stock rose this week after a Barclays analyst (David Fintzen) said the airline should see higher profits as it combines its schedule and integrates AirTran Airways (Orlando). The analyst upgraded the airline to “Overweight” from “Equal Weight” according to this article by Bloomberg Businessweek.
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Meanwhile CEO Gary C. Kelly’s pay package rose 5 percent last year to nearly $3.52 million because of a salary increase according to Bloomberg Businessweek.
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Finally, the company announced the addition of Chase as a new partner in the carrier’s frequent flyer program, Rapid Rewards. Rapid Rewards members now have the option to earn 12,500 points for any Chase mortgage under $250,000; 25,000 points for any Chase mortgage between $250,000 and $500,000; or 50,000 points for any Chase mortgage over $500,000. Points will be deposited into Members’ accounts six to eight weeks after the loan has been closed.
Copyright Photo: Tony Storck. Southwest’s first Boeing 737-800 (N8301J) is currently undergoing proving flights before it enters revenue service on April 11 between Chicago (Midway) and Fort Lauderdale/Hollywood.
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