Performance, Board Oversight, and Governance
Southwest Airlines® has an unmatched financial track record1 of success in the U.S. airline industry, and is renowned for its Purpose and Vision, which are firmly rooted in running an operation that connects People to what's important in their lives through friendly, reliable, and low-cost air travel, while simultaneously striving to be the world's most loved, most efficient, and most profitable airline.
Information on our financial performance and Corporate Governance can be found on the Company's Investor Relations webpage, including the Board of Directors, Senior Executive Leaders, Board Committees, Corporate Governance Guidelines, Corporate Bylaws, Articles of Incorporation, and Corporate Policies.
147 consecutive years (1973-2019) of annual profitability.
Data Privacy and Cybersecurity
Our business requires us to process, store, and sometimes share the personal information of our Customers, People, and partners. Our Privacy Program, administered by our Privacy Office, is based on a broad set of privacy principles and applicable law.
Preparedness, Risk, and Crisis Management
Successful identification and mitigation of risks, along with having appropriate response mechanisms in place to quickly address rapidly emerging events, are essential for our continued viability and success in maintaining a resilient brand for our Customers and Employees. The following Southwest Teams contribute to the Company's risk management and crisis planning efforts:
- Emergency Response is responsible for developing plans, manuals, training, and drills for responses to aircraft accidents, hurricanes, pandemics, and other disruptive events.
- Business Continuity is responsible for providing a framework that enables Southwest to continue business during disruptions to its Employees, facilities, and technology, and the Team also helps address supplier risks. The Team addresses disruptions through actions such as performing business impact analysis and criticality assessments, developing business continuity plans, and managing a dedicated back-up facility.
- Enterprise Risk Management is responsible for overseeing a framework to manage risks that are critical to the overall business goals, objectives, and mission of Southwest Airlines by conducting risk assessments, tracking mitigation initiatives and progress, driving cross-departmental alignment, and conducting internal briefings.
We strive to support our communities during times of crisis. Through our Community Responsibility efforts, we partner with national and local organizations to support services focused on preparedness, response, building resilience, and living responsibly.
The Company seeks to operate with the highest ethical standards and in compliance with applicable laws and regulations. To that end, the Board has adopted a Code of Ethics that sets out basic tenets to guide the behavior of the Company's Employees, Board Members, and business associates with respect to insider trading; competition and fair dealing; payments to government personnel; confidentiality; conflicts of interest; corporate opportunities; protection and proper use of the Company's assets; recordkeeping; reporting illegal or unethical behavior; and compliance procedures.Read our Code of Ethics Policy
Our Governmental Affairs Team works to stay on top of proposed statutory and regulatory changes to educate a wide range of policymakers and Stakeholder groups directly. They also present our views on these topics through trade associations, business forums, chamber organizations, and interactions with public officials at the federal level and in the states and communities we serve. We participate in the trade association Airlines for America (A4A), which allows us to gain insight into core issues for the airline industry as a whole and to advocate jointly for regulations that support a healthy, competitive industry.
We've adopted a policy that we will primarily use our affiliated political action committee, the Southwest Airlines Co. Freedom Fund ("Freedom Fund"), financed by contributions made voluntarily by Employees, to support political campaigns. Company funds are limited to supporting selected political campaigns at the state and local level in compliance with the laws of the relevant states and localities. We have a time-tested evaluation process when considering Freedom Fund contribution requests, and our criteria for giving are evaluated annually. All contributions by the Freedom Fund are disclosed via publicly available reports filed monthly with the Federal Election Commission. We strive to comply with all applicable federal, state, and local campaign finance restrictions and disclosure requirements.
The Southwest Airlines One Report
Explore our annual corporate social responsibility report, the Southwest Airlines One Report. This integrated Citizenship report covers significant social, economic, and environmental stories, as well as data tables, and reporting frameworks, all through the lens of corporate Citizenship. Our disclosures have been prepared in reference to the following standards: the Global Reporting Initiative (GRI), the Task Force on Climate-related Financial Disclosures (TCFD) framework, the Sustainability Accounting Standards Board (SASB) standards, and the United Nations Sustainable Development Goals (SDGs).