Dollar Slips as U.S.-Iran Peace Deal Optimism Boosts Risk Appetite Ahead of Fed Decision 
ByteDance Eyes Iluvatar, Baidu AI Chips Amid China’s AI Push 
Myanmar Economic Outlook Hit by Fuel Price Shock as World Bank Cuts Growth Forecast 
Qantas Nears Launch of World’s Longest Non-Stop Flights to London and New York 
BOJ Raises Interest Rates to 1% as Inflation Pressures Persist 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
GM Explores Defense Manufacturing Partnership With Lockheed Martin 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
Asian Currencies Steady as BOJ Raises Rates and Markets Await Fed Decision 
Oil Prices Recover Slightly as U.S. Crude Inventories Fall, But Iran Deal Caps Gains 
Asian Stocks Advance as Nikkei Nears Record High Ahead of Fed Decision 
Sigma Healthcare Shares Jump After Exiting Boots Acquisition Process 
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
OpenAI's $34B Spending Pushes AI Market Leadership Ahead of IPO 
UK Banks Report Surge in APP Fraud Losses as Pressure Mounts on Meta and Tech Platforms 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Southwest Airlines revealed on Wednesday, June 23, that it has appointed Robert Jordan as its new chief executive officer as Gary Kelly is stepping down from his post. It was said that he will be the new company head effective on Feb. 1, 2022.
Changes in executive roles in Southwest
As per Reuters, Robert Jordan was Southwest Airlines’ executive vice president for corporate services prior to the promotion. Then again, Gary Kelly is not really leaving the company as he will be staying and just move to a new office for the role of executive chairman.
Kelly has been serving as the airlines’ CEO since 2004 and he could be serving the company as the executive chairman until 2026 since he is already 66 years old and could be retiring. On the other hand, Jordan has been working for the company since 1988 and throughout his tenure, he has served various roles including corporate controller and director of revenue accounting.
As Gary Kelly steps down next year, he will be capping his more than 17 years of service with big accomplishments for the company. Under his watch, he maneuvered the airline so it could grow further and he succeeded.
The successor’s priorities for the future of the company
As per CNBC, Gary Kelly has always been doing well and coping well even in times of financial crisis and when he passes the baton to his successor, he is expected to do the same. Robert Jordan has a lot of work to do once he assumes office as the new CEO.
He said that his priorities as the new chief include repairing the company’s balance sheet which translates to increasing the revenues. Southwest Airlines is currently doing its best to regain its footing as the travel demand is slowly returning to pre-pandemic levels.
Moreover, the incoming Southwest Airlines chief added that hiring more workers is also part of his agenda and it is one of his priorities for next year as well. He will also call back the employees who have gone on leaves due to the pandemic. The ultimate aim is to get as many bookings so that the company can get back to its feet fast after falling hard due to the pandemic crisis.
“There’s still a lot of work to do to come out of the pandemic,” he said. “You got to play a little bit of offense and a little bit of defense.”
