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Southwest Airlines Declares 128th Consecutive Quarterly Dividend

Frequent Flyer B

DALLAS, July 17 -- Southwest Airlines' (NYSE: LUV) Board of Directors declared a quarterly dividend of $.0045 per share to Shareholders of record at the close of business on August 28, 2008 on all shares then issued and outstanding.  The 128th consecutive dividend will be paid on September 18, 2008.