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 08.25.14 ** HD iPad-Friendly -- Airborne 08.25.14 **
** Airborne 08.22.14 ** HD iPad-Friendly -- Airborne 08.22.14 **
** Airborne 08.20.14 ** HD iPad-Friendly -- Airborne 08.20.14 **

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 08.25.14: SpaceX Setback, AMA Fights FAA, Redbird Migration 2014

Also: Copperstate Fly-In, No-Fly List Changes, Volcano Alert, Inhofe Campaigns In RV-8 In an initial report, ANN space correspondent, Wes Oleszewski, said that on the evening of Au>[...]

Aero-TV: In The Nick Of Time? - A NextGen GA Fund Update

The GA World Needs All The Help It Can Get... IF It Can Get It A hot topic at EAA AirVenture 2014 was the subject of the FAA requirement to be ADS-B equipped by January 1, 2020. In>[...]

ANN's Daily Aero-Linx (08.27.14)

International Republic Seabee Owner's Club (IRSOC) A website dedicated to the Seabee seaplane. You can find information about the airplanes and events, and talk to other Seabee ent>[...]

ANN's Daily Aero-Term (08.27.14): GPS Approach Overlay Program

An authorization for pilots to use GPS avionics under IFR for flying designated existing nonprecision instrument approach procedures, with the exception of LOC, LDA, and SDF proced>[...]

Aero-News: Quote Of The Day (08.27.14)

“We are grateful to Bruce for his years of unparalleled dedication to general aviation, and are delighted that he has agreed to continue on as our senior safety advisor.&rdqu>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC