Southwest CEO gets compensation of $1.6M in '09

NEW YORK - April 16, 2010

The biggest chunk of CEO Gary Kelly's compensation came in the form of a $590,000 bonus last year, up 28 percent from 2008.

Kelly was paid a base salary of $441,750 last year, slightly higher than last year. The airline was one of only three domestic carriers that turned a yearly profit in 2009, continuing a streak that began in 1973.

The AP's executive pay calculation, based on a regulatory filing, aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.

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