Which Airline Made Fortune’s List Of The World’s Most Admired Companies?
Fortune has put it out its annual ranking of the world’s most admired companies and one airline made the list: Southwest. The airline made the list coming in at number 8. Last year, the airline ranked number 7 in Fortune’s list. Industry leaders rated Southwest the highest in financial soundness and long-term investment value. Obviously another member on the list agrees with the investment value, as Berkshire Hathaway invested heavily this week in the company.
Southwest Airlines was not the only airline to make the top 50. Delta Air Lines was ranked number 31 by industry leaders and Singapore Airlines came in at number 33. Those were the only other two airlines that made it into the top 50 of the list. Travel industry wise, Marriott Internaitonal also made the list at number 25.
The top 10 companies are:
- Berkshire Hathaway
- General Electric
- Southwest Airlines
- Microsoft (tied with Facebook for number 9)
In a statement about making the list, Chairman and Chief Executive Office of Southwest Airlines, Gary Kelly, said, “”We are an admired Company because of our People, whose passion and love for the cause that is Southwest are the reasons we have appeared on this prestigious list for 23 consecutive years. This particular recognition is especially rewarding because it’s driven by input from leaders at other companies, and our folks take great pride in this achievement.”
Fortune asks executives, directors, and analysts to rate companies within their respective industries based on nine criteria. The criteria includes, innovation, people management, use of corporate assets, social responsiblity, quality of management, financial soundness, long-term investment value, quality of products/services, and global competitiveness. Companies are asked to rank the top 25% of companies in their industry from last year.