STOCK TITAN

SOUTHWEST AIRLINES GRANTS SCHOLARSHIPS TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR STUDENTS

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary
Southwest Airlines Co. (NYSE: LUV) announced the 2023 recipients of the Herbert D. Kelleher and Rollin W. King and the Southwest Airlines® Scholarships, pledging $290,000 to 17 students over four years. The scholarships support students' educational journeys nationwide, emphasizing equal opportunities and inspiring future generations. The funds are sourced from the Southwest Airlines Foundation and managed by the Silicon Valley Community Foundation, reflecting Southwest's commitment to investing in programs and initiatives that drive positive change, fairness, prosperity, and sustainability.
Positive
  • None.
Negative
  • None.

The 2023 Southwest Airlines Scholarship Program awarded 17 scholarships,
pledging $290,000 to students over four years

DALLAS, Nov. 14, 2023 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announced the 2023 recipients of the Herbert D. Kelleher and Rollin W. King and the Southwest Airlines® Scholarships. The scholarships support students' educational journeys nationwide, inspiring them to take flight through access to education. In the spirit of these scholarship programs, Southwest® pledged to provide $290,000 over four years to 17 award winners, and each student also received two round trip tickets on Southwest to help them stay connected to their loved ones during the year.

  • The Herbert D. Kelleher and Rollin W. King Scholarship, celebrating its 41st year, is an internal scholarship designed to pay tribute to the founders and namesakes of Southwest Airlines. It offers financial support to dependents of Southwest Employees furthering their education.  

  • The Southwest Airlines Scholarship, introduced in 2021, reflects a dedication to fostering a diverse talent pool within communities. As a scholarship available to external candidates across the country, it emphasizes the significance of creating equal opportunities and influencing future generations positively.  

"We're proud to extend our scholarship support to 17 students this year while prioritizing access to education by recognizing its impact on an individual as they grow," said Laurie Barnett, Vice President Corporate Reputation at Southwest Airlines. "We look forward to continuing these opportunities and encouraging students to apply for these scholarships in the years ahead as we do our part to inspire future generations to let their dreams soar."

The 2023 scholars attend universities across the country, including the University of Tennessee, Tuskegee University, Embry-Riddle Aeronautical University, Harvard College and more. Most of the awardees are just beginning their college adventures and have their eyes on an aviation career, working towards degrees ranging from aerospace engineering to aviation business administration.

The funds granted for both scholarships are sourced from the Southwest Airlines Foundation, managed by the Silicon Valley Community Foundation, and are available for students attending accredited vocational, community/junior college or undergraduate institutions. Through the Southwest Airlines Foundation, Southwest actively works to make a significant impact by investing in programs and initiatives that drive positive change, emphasizing fairness, prosperity and sustainability. For more about our corporate responsibility efforts, visit Southwest.com/communityoutreach.

ABOUT SOUTHWEST AIRLINES CO.   
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline1. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 74,0002 People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 126 million Customers carried in 2022. That formula for success brought industry-leading prosperity and 47 consecutive years3 of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. As the airline with Heart, Southwest has set a goal to work toward achieving net zero carbon emissions by 2050. Southwest has also set near-term targets and a four-pillar strategy to achieve its environmental goals. Learn more by visiting Southwest.com/planet.  

1Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey since Q1 2021
2Fulltime-equivalent active Employees   
31973-2019 annual profitability     

Cision View original content:https://www.prnewswire.com/news-releases/southwest-airlines-grants-scholarships-to-support-educational-opportunities-for-students-301987507.html

SOURCE Southwest Airlines Co.

FAQ

What scholarships did Southwest Airlines announce in 2023?

Southwest Airlines announced the Herbert D. Kelleher and Rollin W. King and the Southwest Airlines® Scholarships.

How much money did Southwest Airlines pledge to students over four years?

Southwest Airlines pledged $290,000 over four years to 17 award winners.

What is the purpose of the scholarships?

The scholarships support students' educational journeys nationwide, emphasizing equal opportunities and inspiring future generations.

Where are the funds for the scholarships sourced from?

The funds are sourced from the Southwest Airlines Foundation, managed by the Silicon Valley Community Foundation.

What types of institutions can students attend to be eligible for the scholarships?

Students attending accredited vocational, community/junior college, or undergraduate institutions are eligible for the scholarships.

Southwest Airlines Co.

NYSE:LUV

LUV Rankings

LUV Latest News

LUV Stock Data

20.60B
593.75M
0.36%
90.99%
5.75%
Airlines
Air Transportation, Scheduled
Link
United States of America
DALLAS