Wednesday, August 20th15.0°C
22938
20950

Rollin King, businessman who had the idea for Southwest Airlines, dies at 83

DALLAS - Rollin King, a San Antonio businessman who helped start Southwest Airlines Co. and create a new age of competition in the airline industry, has died at 83.

King died Thursday in Dallas of the effects from a major stroke about a year ago, his son, Edward King, told The Associated Press.

Longtime Southwest CEO Herb Kelleher praised King for coming up with the idea of a discount airline that would serve Texas travellers. Kelleher said in a statement issued by Southwest on Friday that the notion of a low-cost, low-fare airline with quality service became a model not only in the U.S. but worldwide.

"The people of Southwest Airlines grieve with Rollin's family, mourn his absence, and thank him for his vision," Kelleher said.

The airline's current CEO, Gary Kelly, said King helped democratize air travel by making it more affordable.

Interstate air service was heavily regulated by the federal government in 1967, when King sat down with Kelleher, his lawyer, to map out the idea for a no-frills airline that would fly between Dallas, Houston and San Antonio. Edward King said his father got the idea for a Texas-only carrier by studying the success of Pacific Southwest Airlines, which operated within California.

The fledgling carrier had to survive several legal challenges by Braniff International and other airlines before its first flight in 1971. It began flying outside Texas in 1979, after deregulation, and is scheduled to begin international flights next week. Southwest is the nation's fourth-biggest airline company, with 2013 revenues of $17.7 billion.

King served on the board of directors from 1967, when the company was incorporated as Air Southwest, until 2006. He also flew as a Southwest pilot for a few years in the 1970s.

King was born in Cleveland, attended Case Western Reserve University and received a master's in business administration from Harvard, according to his son. He moved to Texas and was working in investment banking and acquired a small air-taxi service in South Texas before starting Southwest, according to the Texas State Historical Association.

The Canadian Press


Read more Business News

20759


Recent Trending




Today's Market
S&P TSX15477.17+138.70
S&P CDNX997.566.94
DJIA16919.5980.85
Nasdaq4527.514+19.202
S&P 5001981.60+9.86
CDN Dollar0.9125-0.0017
Gold1291.00-4.10
Oil95.50+1.02
Lumber354.50+1.90
Natural Gas3.848-0.029

 
Okanagan Companies
Pacific Safety0.185-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.200.00
Cantex0.07+0.005
Anavex Life Sciences0.26+0.03
Metalex Ventures0.0850.00
Russel Metals37.22-0.15
Copper Mountain Mining2.77-0.11
Colorado Resources0.17-0.01
ReliaBrand Inc0.077-0.003
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.200.00

 



22426

FEATURED Property
1997219ATKINSON STREET
2 bedrooms 2 baths
$369,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Going home to a bully!

Finally, after three months in New Brunswick, I am back home in the sunny Okanagan. It is a delight to be home and the lake, vistas, people and climate never disappoint. Like many people however, I...


Managing a business in 40 hours a week

My screen printing business, like many others, started as a one-man operation. It was located in a small building, not much better than a shack, with a telephone, a big table where I ate lunch and (oc...


The emperor's new clothes

The wealth market faces increasing competition and declining product differentiation. The wealth industry is responding to these emerging trends with “new” and “unique” investm...

_








Member of BC Press Council


22267