Southwest Founder Herb Kelleher To Receive Cabot Award | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

Airborne Hi-Def On YouTube

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Tue, May 01, 2012

Southwest Founder Herb Kelleher To Receive Cabot Award

Company Has Been Profitable For 38 Consecutive Years

The coveted Godfrey L. Cabot Award will be presented to Herbert D. (Herb) Kelleher (pictured), founder and chairman emeritus of Southwest Airlines at the Harvard Club, Boston, MA, Friday June 8, 2012. Kelleher will receive the award for his dynamic leadership and creative innovation in making Southwest the 5th largest airline in the United States.

Southwest commenced service with three airplanes in 1971 and by May of 2008, operated a fleet of more than 527 airplanes, performing more than 3,400 flights per day.  Southwest has been profitable for 38 consecutive years; has never furloughed an employee; and today carries the most originating domestic passengers of any U.S. airline. 

From its start in 1971 — after overcoming a year's worth of legal challenges from competitors who tried to keep it grounded — Southwest succeeded by offering low fares to its passengers, eliminating unnecessary services and avoiding the "hub-and-spoke" scheduling system used by other airlines. During his tenure as CEO of Southwest, Kelleher's colorful personality created an ‘esprit de corps’ that made Southwest employees well known for taking themselves lightly—often singing in-flight announcements to the tune of popular theme songs—but still taking their jobs seriously.

In Fortune magazine's annual poll, Southwest is consistently named among the top five Most Admired Corporations in America and the only airline to make Fortune’s top 10 list of the World’s Most Admired Companies.

Money magazine revealed that during the 30-year period 1972-2002, Southwest produced the highest return to shareholders of any company included in the S&P 500 during that 30-year period:  $10,000 invested in Southwest in 1972 was worth $10,200,000 in 2002 (an average increase of 25.99% per year).

Herb Kelleher served as Executive Chairman of Southwest from March 1978 to May 2008 and as President and CEO from September 1981 through June 2001. Over the years, Kelleher has received a plethora of awards and honors. He is a graduate from Wesleyan University, where he was an Olin Scholar and from NYU Law School, where he was a Root-Tilden Scholar.

FMI: www.ACONE.org

Advertisement

More News

Airborne 04.26.16: Drone v Airplane-NOT!, eFusion Electric Plane, ANN@AEA-LIVE!!

Also: MU-2 AOA, AMA Responds To Senate FAA Reauthorization, ANN@AEA Live 04/27-0830ET, ANN@AEA Live 04/28-1400ET, ANN@AEA Live 04/29-1100ET A report of a drone possibly colliding w>[...]

FAA Approves 5,000 Section 333 Exemption Petition Grants

Gowdy Brothers Aerospace Looks To The Future Of Non-Recreational UAS Use FAA Airman and Airspace Rules Division announces 5,076 approved Section 333 petition grants. The FAA furthe>[...]

Aero-News: Quote Of The Day (05.01.16)

"Working together, we have accomplished a truly incredible amount in the last couple of years. But we’re still really at the beginning of the process. We need to start thinki>[...]

ANN's Daily Aero-Linx (05.01.16)

Aero Linx: Alaskan Aviation Safety Foundation The foundation was created to improve aviation safety in Alaska thorough education, advocacy and research. We are a non-profit members>[...]

ANN's Daily Aero-Term (05.01.16): Common Point

Common Point A significant point over which two or more aircraft will report passing or have reported passing before proceeding on the same or diverging tracks. To establish/mainta>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC