Competitors sued to keep Kelleher's new airline grounded
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Why the Texas lawyer who started Southwest Airlines in 1967 never gave himself a raise or a bonusPam Francis | Getty Images Today, nearly 50 years later, Southwest is one of the biggest airlines in the world and valued at "probably $20 billion," says Kelleher, now 86. Many of the company's early competitors, and even some of the iconic airlines at the time like Pan Am and TWA, don't exist anymore.
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