Finance questions – financial statement
Southwest Airlines wanted to achieve many things for all its stakeholders, customers, shareholders, employees, and investors. Southwest Airlines was particularly focused on customer service to keep loyal flyers happy and bring in new customers. Southwest also aimed at increasing shareholders’ value by efficiently controlling costs and expenses while maximizing profits. Southwest strived for competitive employee salaries, as well as attractive benefits like stock options and paid time-off programs.
In terms of customer service initiatives, Southwest Airlines have implemented several policies such as an open seating policy that allows passengers flexibility when flying; free baggage check-in for domestic flights that starts from 15 minutes before departure; an alternative dispute resolution program designed to ensure satisfaction during disputes with employees; guaranteed reservations even during overbooked situations; online booking/status updates available 24×7 etc.. Additionally they emphasize collaboration between staffs + management within departments across organization whilst measuring performance against explicit benchmarks set place further enhanced by strong corporate governance standards enacted through Executive Board meetings & other similar protocols too helping sustain positive growth trajectory…
The table below shows that all previous actions had an impact on profitability. This demonstrates the remarkable increase in profit margins when inflation is considered.