By Rajesh Kumar Singh
CHICAGO (Reuters) – Southwest Airlines Co paid a higher bonus to Chief Executive Bob Jordan, a regulatory filing showed, even after the company promised to cut executive incentive pay after it canceled about 17,000 flights around the Christmas holiday, disrupting travel for 2 million customers and costing the company more than $1 billion.
In February, the company said executive bonuses would be cut as a result of the meltdown.
Jordan received $195,720 in bonus payout, up 89% from a year ago, according to a regulatory filing. His total compensation also shot up by about 75% to more than $5.3 million.
The Dallas-based carrier also paid a higher bonus to Chief Operating Officer Andrew Watterson. However, it cut the incentive pay for other top executives.
A Southwest spokesperson attributed the increased bonus payments to Jordan and Watterson’s job promotions.
Jordan served as executive…
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