Southwest Airlines Community

This release contains: 1 Related Document Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly dividend of $.075 per share to Shareholders of record at the close of business on March 3, 2016 on all shares then issued and outstanding.  The 158th consecutive dividend will be paid on March 24, 2016. ... View more

Company announces additional changes within Commercial Organization This release contains: 1 Related Document Southwest Airlines Co. (NYSE: LUV) announced today that Kevin Krone, Vice President & Chief Marketing Officer will retire from the carrier, effective Feb. 15, 2016. Krone began his Southwest career 25 years ago as an intern and rose to become the Company's second-ever Chief Marketing Officer. As Southwest's highest-level Marketing leader, Krone oversaw the Company's complete breadth of marketing strategies including advertising, digital, distribution, and mobile. He also led Southwest initiatives such as innovation, brand development, as well as management and distribution of products; including Rapid Rewards®, the award-winning frequent flyer program, and the successful Rapid Rewards® Chase/Visa program. Ryan Green, currently Managing Director of Customer Strategy & Development, is being promoted to Vice President of Marketing. "The list of Kevin's accomplishments is vast, but most importantly, he's a great person with a humble and giving spirit, and is a dedicated family man. Kevin is leaving the Southwest brand in great shape thanks to his work. We have a strong visual identity, the Transfarency™ advertising campaign beats on, and we are experiencing strong demand for the Southwest brand," said Executive Vice President & Chief Commercial Officer Bob Jordan. "To this day, Southwest relies on the site he developed, Southwest.com, for ticket distribution that, without Kevin's vision and leadership, would not have grown to the biggest travel website in the world. He's a visionary, a pioneer, and a thought leader in the Marketing profession." "From day one, nearly 25 years ago, I was hooked on Southwest Airlines," Vice President & Chief Marketing Officer Kevin Krone said. "The legends are true. It's the People that make Southwest great, and it's the People whom I will miss." Krone has more than 20 years' experience in leading marketing, distribution, and technology strategies in the airline sector. Krone served on the Board of Directors for HomeAway, Inc., the world's leading online marketplace for vacation rentals prior to their acquisition by Expedia in 2015. He currently serves on the board of UpLift, Inc., an innovative startup at the intersection of marketing and payments located in Sunnyvale, Calif. Ryan Green has served in a number of marketing leadership positions during his 14-year tenure at Southwest. Positions include Director of Loyalty Marketing and Manager of Product Development. In these previous positions, he launched Rapid Rewards A-List the frequent flyer program's tiered status level, led the development and launch of the Southwest® gift card, helped relaunch the Rapid Rewards program in 2011, and laid the groundwork for numerous inflight experience enhancements. He previously directly managed the Southwest Airlines Rapid Rewards credit card program with Chase. Additional promotions to the Managing Director level include: Dave Harvey, currently Senior Director of Capacity Planning, is being promoted to Managing Director of Business Development, and will lead a newly formed business development function, under which Corporate Sales will now report. Adam Decaire, currently Senior Director of Schedule Planning, is being promoted to Managing Director of Network Planning. Both Dave and Adam will report to Andrew Watterson who takes on the expanded role of Senior Vice President of Network and Revenue. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 49,000 Employees to more than 100 million Customers annually. Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look: Heart. The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets. With 43 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA. ... View more

This release contains: 1 Related Document, 1 Video Southwest Airlines has currently restarted service in most cities impacted by the winter storm, with the exceptions of the cities/airports listed in the chart below, where we tentatively plan to start up service on Monday. As we implement our operational plan, our primary goal is the safety of our customers and employees. As of 12:00 p.m. CST Monday, Southwest Airlines has proactively canceled due to weather: Monday: Approximately 150 flights systemwide (of approx. 3,600 scheduled) The following operational plans are subject to change based on conditions at the airport, and availability of infrastructure (road conditions/closures, operation of public transportation, etc.), all of which impact Southwest's ability to operate safely. CURRENT OPERATIONAL PLANS (as of Monday at 12:00 p.m. CST) BWI and LGA: Operating reduced flight schedule today. Plan to resume normal operations on Tuesday. BDL, BOS, CLT, GSP, RDU, and RIC: Plan normal operations on Monday DCA, EWR, IAD, ISP, and PHL: Plan to resume normal operations throughout the day based upon available aircraft, gates, and Crews. International Stations: There are three international extra sections planned for Monday to recover both aircraft and passengers that are in PUJ, AUA, and MBJ. Customers who experience cancelled flights should visit Southwest.com for information on rebooking and to check the status of flights. We are proactively allowing customers in some cities affected by the winter storm to rebook in the original class of service or travel standby (within 14 days of their original date of travel between the original city-pairs in accordance with our accommodation procedures). City-specific cancelation numbers can be calculated by visiting the websites of the individual airports. We have City Fact Sheets that provide general information about our destinations served, number of daily flights, facilities, and employment numbers. Click here to download 16:9, HD b-roll of the carrier's Network Operations Control.     Winter Storm Operational Impact: Sunday, January 24, 1 p.m. CST Update Southwest Airlines has currently restarted service in most cities impacted by the winter storm, with the exceptions of the cities/airports listed in the chart below, where we tentatively plan to start up service on Monday. As we implement our operational plan, our primary goal is the safety of our customers and employees. As of 1 p.m. CST Sunday, Southwest Airlines has proactively canceled due to weather: Sunday: Approximately 550 flights systemwide (of approx. 3,100 scheduled) Monday: Approximately 40 flights systemwide (of approx. 3,600 scheduled) The following operational plans are subject to change based on conditions at the airport, and availability of infrastructure (road conditions/closures, operation of public transportation, etc.), all of which impact Southwest's ability to operate safely. CURRENT OPERATIONAL PLANS (as of Sunday 1 p.m. CST) City/Airport Operating Plan for Sunday                    Planned Startup of Service Albany Return to normal operations N/A Atlanta Return to normal operations N/A Birmingham Return to normal operations N/A Baltimore/Washington area airports (BWI, DCA, IAD) No operations with the exception of tentative plan to operate 20 scheduled passenger flights into BWI Sunday night to position aircraft for Monday morning. Tentatively Monday morning  with tactical adjustments as necessary Boston Tactical adjustments as necessary N/A Charlotte Return to normal operations N/A Greenville Spartanburg Return to normal operations N/A Hartford, CT (Bradley Airport) Return to normal operations N/A Louisville Return to normal operations N/A Memphis Return to normal operations N/A Nashville Return to normal operations N/A New York City area airports (ERL/LGA/ISP) No operations Tentatively Monday morning  with tactical adjustments as necessary Norfolk Return to normal operations N/A Philadelphia No operations Tentatively Monday morning  with tactical adjustments as necessary Pittsburgh Return to normal operations N/A Providence Return to normal operations N/A Raleigh/Durham Return to normal operations N/A Richmond No operations Tentatively Monday morning  with tactical adjustments as necessary Customers who experience cancelled flights should visit Southwest.com for information on rebooking and to check the status of flights. We are proactively allowing customers in some cities affected by the winter storm to rebook in the original class of service or travel standby (within 14 days of their original date of travel between the original city-pairs in accordance with our accommodation procedures). City-specific cancelation numbers can be calculated by visiting the websites of the individual airports. We have City Fact Sheets that provide general information about our destinations served, number of daily flights, facilities, and employment numbers. Click here to download 16:9, HD b-roll of the carrier's Network Operations Control.     Winter Storm Operational Impact: Saturday, January 23, Noon CST Update Southwest Airlines is carefully tracking the winter storm system affecting our operation in the Northeast and Central United States and has made modifications to our operational plan to protect the safety of our customers and employees. As of noon CST Saturday, Southwest Airlines has proactively canceled due to weather: Saturday: Approximately 600 flights systemwide (of approx. 2,900 scheduled) Sunday: Approximately 200 flights systemwide (of approx. 3,100 scheduled) As the storm progresses and new forecasts become available, we will adjust our plans accordingly and issue further updates, if there are significant changes. The following operational plans are subject to change based on storm intensity, conditions at the airport, and availability of infrastructure (road conditions/closures, operation of public transportation, etc.), all of which impact Southwest's ability to operate safely. CURRENT OPERATIONAL PLANs (AS OF Saturday noon CST) City/Airport Operating Plan for Saturday Planned Startup of Service Atlanta Return to normal operations N/A Birmingham Return to normal operations N/A Baltimore/Washington area airports (BWI, DCA, IAD) No operations Tentatively Sunday afternoon Boston Tactical adjustments as necessary N/A Charlotte No operations Tentatively Sunday morning Greenville Spartanburg No operations Tentatively Sunday morning Hartford, CT (Bradley Airport) Tactical adjustments as necessary N/A Louisville Return to normal operations N/A Memphis Return to normal operations N/A Nashville Return to normal operations N/A New York City area airports (ERL/LGA/ISP) No operations Saturday or Sunday Tentatively Monday morning Norfolk Return to normal operations N/A Philadelphia No operations Tentatively Sunday morning Pittsburgh Return to normal operations N/A Providence Tactical adjustments as necessary N/A Raleigh/Durham No operations Tentatively Sunday morning Richmond Return to normal operations N/A Customers who experience cancelled flights should visit Southwest.com for information on rebooking and to check the status of flights. We are proactively allowing customers in some cities affected by the winter storm to rebook in the original class of service or travel standby (within 14 days of their original date of travel between the original city-pairs in accordance with our accommodation procedures). City-specific cancelation numbers can be calculated by visiting the websites of the individual airports. We have City Fact Sheets that provide general information about our destinations served, number of daily flights, facilities, and employment numbers. Click here to download 16:9, HD b-roll of the carrier's Network Operations Control.     Winter Storm Operational Impact: Friday, January 22, 2016, 5:00 P.M. CST Update Southwest Airlines is carefully tracking the winter storm system affecting our operation in the Northeast and Central United States and has made modifications to our operational plan to protect the safety of our customers and employees. As of 5:00 p.m. CST Friday, Southwest Airlines has proactively canceled due to weather: Friday: Approximately 500 flights systemwide (of approx.. 3,600 scheduled) Saturday: Approximately 600 flights systemwide (of approx. 2,900 scheduled) Sunday: Approximately 100 flights systemwide (of approx.. 3,100 scheduled) As the storm progresses and new forecasts become available, we will adjust our plans accordingly and issue further updates, if there are significant changes. The following operational plans are subject to change based upon conditions of the storm. CURRENT OPERATIONAL PLANS (AS OF FRIDAY AFTERNOON, 5:00 P.M. CST) City/Airport Operating Plan Planned Startup of Service Atlanta No flight schedule adjustments planned N/A Birmingham No flight schedule adjustments planned N/A Baltimore/Washington area airports (BWI, DCA, IAD) Reduce and cease operations between 1:00 and 3:00 p.m. on Friday with no planned operations on Saturday Tentatively Sunday morning Charlotte No planned operations for Friday or Saturday Tentatively Sunday morning Greenville/Spartanburg No planned operations for Friday or Saturday Tentatively Sunday morning Little Rock No service on Friday morning Tentatively 12 noon on Friday Louisville Some delays and cancellations possible  Friday Normal schedule planned Saturday Memphis No operations planned for Friday Tentatively Saturday morning  Norfolk No flight schedule adjustments planned N/A Nashville Some delays and cancellations possible  Friday Normal schedule Saturday New York City area airports (ERL/LGA/ISP) Cease operations at 7:00 p.m. on Friday night, no planned operations on Saturday Tentatively Sunday morning Philadelphia Cease operations at 7:00 p.m. Friday, no planned operations on Saturday Tentatively Sunday morning Pittsburgh No flight schedule adjustments planned N/A Raleigh/Durham No operations planned for Friday or Saturday Tentatively Sunday morning Richmond No service planned for Saturday Tentatively Saturday evening Wichita, Kansas No flight schedule adjustments planned N/A Customers who experience cancelled flights should visit Southwest.com for information on rebooking and to check the status of flights. We are proactively allowing customers in some cities affected by the winter storm to rebook in the original class of service or travel standby (within 14 days of their original date of travel between the original city-pairs in accordance with our accommodation procedures). City-specific cancelation numbers can be calculated by visiting the websites of the individual airports. We have City Fact Sheets that provide general information about our destinations served, number of daily flights, facilities, and employment numbers. Click here to download 16:9, HD b-roll of the carrier's Network Operations Control. Want to know how operational decisions are made regarding inclement weather? Take a behind the scenes look at our Network Operations Center - https://www.facebook.com/Southwest/videos/vb.6806028948/10154019388938949/?type=2&theater     Winter Storm Operational Impact: Thursday, January 21, 3 p.m. CST Update Southwest Airlines is carefully tracking the winter storm system affecting our operation in the Northeast and Central United States to modify our operational plan reflecting changing conditions. Click here to download 16:9, HD b-roll of the carrier's Network Operations Control. As of 3 PM CST, today Southwest Airlines has proactively canceled due to weather: 30 flights systemwide (of almost 3,600 scheduled) on Thursday, January 21, 2016; Almost 400 flights systemwide (of 3,600 scheduled) on Friday, January 22, 2016; Our main focus is on the Safety of our Customers and Employees, while making sure our flights operate safely to their destinations. Operational planners at Southwest are coordinating with our Meteorologists to track the progress of the storm and evolve our Customer accommodation policies, which are already being updated at this link on Southwest.com. City-specific cancelation numbers can be calculated by visiting the websites of the individual airports. We have City Fact Sheets that provide general information about our destinations served, number of daily flights, facilities, and employment numbers. ... View more

This release contains: 1 Related Document Southwest Airlines Co. (NYSE:LUV) (the "Company") today reported its fourth quarter and annual 2015 results:  Record fourth quarter net income, excluding special items1, of $591 million, or $.90 per diluted share, compared with fourth quarter 2014 net income, excluding special items, of $404 million, or $.59 per diluted share. This was in line with the First Call consensus estimate of $.90 per diluted share. Record fourth quarter GAAP2 net income of $536 million, or $.82 per diluted share, compared with fourth quarter 2014 GAAP net income of $190 million, or $.28 per diluted share. Record fourth quarter operating income, excluding special items, of $992 million, resulting in an operating margin3 of 19.9 percent. Record fourth quarter GAAP operating income of $1.0 billion. Record annual net income, excluding special items, of $2.4 billion, or $3.52 per diluted share, compared with 2014 net income, excluding special items, of $1.4 billion, or $2.01 per diluted share. Record annual GAAP net income of $2.2 billion, or $3.27 per diluted share, compared with 2014 GAAP net income of $1.1 billion, or $1.64 per diluted share. Record annual operating income of $4.0 billion, excluding special items, resulting in an operating margin of 20.1 percent. Record annual GAAP operating income of $4.1 billion. Record annual profitsharing of $620 million, up 74.6 percent from a year ago. Strong annual free cash flow1 of $1.1 billion; returned $1.4 billion to Shareholders in 2015 through a combination of $180 million in dividends and $1.2 billion in share repurchases. Record return on invested capital, before taxes and excluding special items (ROIC)1, of 32.7 percent for 2015, as compared with 21.2 percent for 2014. Gary C. Kelly, Chairman of the Board, President, and Chief Executive Officer, stated, "We are extremely pleased to report a record annual net income, excluding special items, of $2.4 billion, or $3.52 per diluted share. We beat 2014's previous record profit per share by 75.1 percent and produced an all-time high ROIC of 32.7 percent. Record revenues, low fuel prices, and continued cost controls resulted in record operating income of $4.0 billion, and a strong operating margin of 20.1 percent, both excluding special items. We generated strong free cash flow of $1.1 billion in 2015, allowing us to return $1.4 billion to Shareholders. Based on our current outlook, we expect strong free cash flow to continue in 2016 and intend to repurchase an additional $500 million of Southwest common stock under an accelerated share repurchase program, which will be launched soon. I am very thankful to our great Southwest People, and I commend them on these exceptional results, which earned them a record $620 million in profitsharing, up 74.6 percent from 2014's previous record profitsharing contribution of $355 million. "Net income, excluding special items, was $591 million in fourth quarter 2015, compared with $404 million in fourth quarter 2014, resulting in a 52.5 percent increase in our diluted earnings per share. Total operating revenues grew 7.5 percent to a record $5.0 billion. Considering the 8.3 percent increase in available seat miles, 3.6 percent longer average stage length, higher average seats per trip (gauge), and the high number of markets under development, our fourth quarter 2015 unit revenue performance was solid, especially in a softer yield environment. Strong demand for our low and friendly fares resulted in a record fourth quarter load factor of 84.1 percent, up 2.1 points from fourth quarter 2014. As we begin 2016, we've seen a continuation of strong demand and softer yields. Based on these revenue and booking trends, we currently expect our first quarter 2016 operating unit revenues to be in line with our year-ago performance. "On the cost side, we continue to benefit from significantly lower jet fuel prices and our fleet modernization. Excluding special items, fourth quarter unit costs declined 6.9 percent year-over-year. Our fourth quarter 2015 economic fuel costs per gallon were $2.03, a decline of 22.5 percent from fourth quarter 2014, resulting in a reduction of $189 million in economic fuel costs, year-over-year. As expected, our annual 2015 economic fuel costs were $1.3 billion lower than 2014. With energy prices near 12-year lows, and assuming current market prices, we are expecting another significant year-over-year decline in economic fuel costs in 2016. Based on our existing fuel derivative contracts and market prices as of January 15, 2016, we currently estimate our first quarter 2016 economic fuel costs will be approximately $1.70 per gallon, compared with $2.00 per gallon in first quarter 2015. Excluding fuel, profitsharing, and special items, our fourth quarter 2015 unit costs declined 1.1 percent, year-over-year.  Based on current cost trends excluding fuel, special items, and profitsharing, we expect modest 2016 unit cost inflation. "Our network is performing well, and we are pleased with the investments we have made over the past couple of years, particularly at Dallas Love Field. In fourth quarter 2015, we were thrilled to launch international service from Houston in conjunction with the opening of Houston Hobby's international terminal, and demand, thus far, has been encouraging. We ended the year with a 7.2 percent year-over-year increase in available seat miles (capacity), as expected, and we continue to plan for 2016 year-over-year capacity growth in the five to six percent range. We have increased our future aircraft delivery schedule to support our recent decision to accelerate the retirement of our Classic fleet to no later than mid-2018. This decision is expected to reduce operating costs over the acceleration period and improve the Customer experience with better ontime performance and WiFi-equipped 737 aircraft, with a manageable increase in our capital spending. "As we close out our 43rd consecutive year of profitability, we begin 2016 with much enthusiasm and excitement. Once again, we will strive to grow our route network, unit revenues, margins, and earnings. Our goal is to continue to strengthen our financial position and deliver value to our Employees, Customers, and Shareholders. Based on our current trends and outlook for first quarter 2016, excluding special items, we expect another quarter of strong margins." Notable 2015 accomplishments include: Achieved 43rd consecutive year of profitability, with record profits Achieved record 32.7 percent ROIC Earned a record $620 million in profitsharing, a 74.6 percent increase from 2014 Returned $1.4 billion to Shareholders through repurchases of $1.2 billion of common stock (approximately 30 million shares) and payment of $180 million in dividends Strengthened our investment grade rating with an upgrade to Baa1 with Moody's Investor Service and an upgrade to BBB+ with Fitch Ratings Amended and executed our co-branded credit card agreement with Chase Bank USA, N.A. ("Chase") resulting in a second half 2015 GAAP operating revenue benefit of approximately $430 million4 Revised our future delivery schedule at year-end to reinforce the modernization of our fleet Provided more competition, travel options, and low fares for the Dallas market with our nonstop expansion from Dallas Love Field to 180 daily departures to 50 nonstop destinations Launched service to four international destinations including San Jose and Liberia, Costa Rica; Puerto Vallarta, Mexico; and Belize City, Belize Opened the new five-gate international concourse at Houston's William P. Hobby Airport and relaunched international flights for the first time since 1969 at that airport Announced plans to launch international service from Los Angeles International Airport (LAX) to Liberia, Costa Rica, in April 2016, making LAX our eleventh5 international gateway airport in the 48 contiguous states Ratified collective bargaining agreements with our Meteorologists, Flight Simulator Technicians, and Dispatchers, following an agreement reached with our Customer Service Agents and Customer Representatives in December 2014 Received numerous awards and recognitions, including being named to FORTUNE's 2015 list of World's Most Admired Companies for the 21st consecutive year; being named Airline of the Year by Air Transport World, Domestic Carrier of the Year by the Airforwarders Association, Domestic Airline of the Year by Express Delivery and Logistics Association for the 15th year in a row, Best Low Cost Carrier in North America from Premier Traveler, and one of CR's 100 Best Corporate Citizens 2015; recognized for Best Redemption Ability, Best Airline Customer Service, and Best Loyalty Credit Card by InsideFlyer for our Rapid Rewards program; and recognized as a 2015 Most Valuable Employer for military by CivilianJobs.com, in addition to the top airline employer and one of the top 20 best employers overall according to Forbes' inaugural list of America's Best Employers for 2015, and as the top airline and the 6th best overall on the Fortune 500 Top 100 Employment Brands Fourth Quarter Financial Results and Outlook The Company's fourth quarter 2015 total operating revenues increased 7.5 percent, year-over-year, to $5.0 billion, largely driven by fourth quarter 2015 passenger revenues of $4.6 billion. Operating unit revenues (RASM) decreased 0.7 percent, on an 8.3 percent increase in available seat miles, as compared with fourth quarter 2014. Based on current trends, the Company expects its first quarter 2016 RASM to be in line with its first quarter 2015 RASM. Fourth quarter 2015 total operating revenues included approximately $125 million, recorded as a result of the amended co-branded credit card agreement with Chase during third quarter 2015 and the required change in accounting methodology. This $125 million net benefit reflects an approximate $175 million increase to other revenues offset by an approximate $50 million reduction to passenger revenues. An estimated first quarter 2016 total operating revenue benefit from the amended Chase agreement of approximately $110 million is included in the Company's first quarter 2016 RASM outlook. Total operating expenses in fourth quarter 2015 decreased 1.4 percent to $4.0 billion, as compared with fourth quarter 2014. During fourth quarter 2015, the Company expensed $139 million (before profitsharing expense and taxes) related to union contract bonuses, which is a special item. Excluding special items in both periods, total operating expenses were $4.0 billion in fourth quarter 2015, compared with $3.9 billion in fourth quarter 2014. Fourth quarter 2015 economic fuel costs were $2.03 per gallon, including $.52 per gallon in unfavorable cash settlements from fuel derivative contracts, compared with $2.62 per gallon in fourth quarter 2014, including $.03 per gallon in unfavorable cash settlements from fuel derivative contracts. Based on the Company's fuel derivative contracts and market prices as of January 15, 2016, first quarter 2016 economic fuel costs are expected to be approximately $1.70 per gallon, compared with first quarter 2015 economic fuel costs of $2.00 per gallon. As of January 15, 2016, the fair market value of the Company's fuel derivative contracts for 2016 was a net liability of $1.0 billion, and a net liability of $787 million for the hedge portfolio in 2017 and 2018, combined. Additional information regarding the Company's fuel derivative contracts is included in the accompanying tables. Excluding fuel and oil expense and special items in both periods, fourth quarter 2015 operating costs increased 8.1 percent from fourth quarter 2014, partially due to the fourth quarter 2015 profitsharing expense of $136 million, compared with $100 million in fourth quarter 2014. Excluding fuel and oil expense, special items, and profitsharing, fourth quarter 2015 operating costs increased 7.0 percent from fourth quarter 2014, and declined 1.1 percent on a unit basis. Based on current trends and excluding fuel and oil expense, special items, and profitsharing expense, the Company expects its first quarter 2016 and annual 2016 unit costs to increase approximately two percent, and approximately one percent, respectively, as compared with the same periods last year driven primarily by the incremental depreciation associated with the accelerated retirement of the Company's Boeing 737-300 and 737-500 fleet. This cost outlook includes the impact of current collective bargaining agreements. Operating income in fourth quarter 2015 was a fourth quarter record $1.0 billion, compared with $621 million in fourth quarter 2014. Excluding special items, operating income increased 46.1 percent year-over-year to a fourth quarter record $992 million, resulting in a 19.9 percent operating margin. Other expenses in fourth quarter 2015 were $179 million, compared with $319 million in fourth quarter 2014. This $140 million decrease primarily resulted from $164 million in other losses recognized in fourth quarter 2015, compared with $293 million in other losses recognized in fourth quarter 2014. In both periods, these losses included ineffectiveness and unrealized mark-to-market losses associated with a portion of the Company's fuel hedging portfolio, which are special items. Excluding these special items, fourth quarter 2015 had $44 million in other losses, compared with $11 million in fourth quarter 2014, primarily attributable to the premium costs associated with the Company's fuel derivative contracts. First quarter 2016 premium costs related to fuel derivative contracts are currently estimated to be approximately $35 million, compared with $26 million in first quarter 2015. Net interest expense in fourth quarter 2015 was $15 million, compared with $26 million in fourth quarter 2014. The Company's fourth quarter 2015 total operating revenues increased 7.5 percent, year-over-year, to $5.0 billion, largely driven by fourth quarter 2015 passenger revenues of $4.6 billion. Operating unit revenues (RASM) decreased 0.7 percent, on an 8.3 percent increase in available seat miles, as compared with fourth quarter 2014. Based on current trends, the Company expects its first quarter 2016 RASM to be in line with its first quarter 2015 RASM. Fourth quarter 2015 total operating revenues included approximately $125 million, recorded as a result of the amended co-branded credit card agreement with Chase during third quarter 2015 and the required change in accounting methodology. This $125 million net benefit reflects an approximate $175 million increase to other revenues offset by an approximate $50 million reduction to passenger revenues. An estimated first quarter 2016 total operating revenue benefit from the amended Chase agreement of approximately $110 million is included in the Company's first quarter 2016 RASM outlook. Total operating expenses in fourth quarter 2015 decreased 1.4 percent to $4.0 billion, as compared with fourth quarter 2014. During fourth quarter 2015, the Company expensed $139 million (before profitsharing expense and taxes) related to union contract bonuses, which is a special item. Excluding special items in both periods, total operating expenses were $4.0 billion in fourth quarter 2015, compared with $3.9 billion in fourth quarter 2014. Fourth quarter 2015 economic fuel costs were $2.03 per gallon, including $.52 per gallon in unfavorable cash settlements from fuel derivative contracts, compared with $2.62 per gallon in fourth quarter 2014, including $.03 per gallon in unfavorable cash settlements from fuel derivative contracts. Based on the Company's fuel derivative contracts and market prices as of January 15, 2016, first quarter 2016 economic fuel costs are expected to be approximately $1.70 per gallon, compared with first quarter 2015 economic fuel costs of $2.00 per gallon. As of January 15, 2016, the fair market value of the Company's fuel derivative contracts for 2016 was a net liability of $1.0 billion, and a net liability of $787 million for the hedge portfolio in 2017 and 2018, combined. Additional information regarding the Company's fuel derivative contracts is included in the accompanying tables. Excluding fuel and oil expense and special items in both periods, fourth quarter 2015 operating costs increased 8.1 percent from fourth quarter 2014, partially due to the fourth quarter 2015 profitsharing expense of $136 million, compared with $100 million in fourth quarter 2014. Excluding fuel and oil expense, special items, and profitsharing, fourth quarter 2015 operating costs increased 7.0 percent from fourth quarter 2014, and declined 1.1 percent on a unit basis. Based on current trends and excluding fuel and oil expense, special items, and profitsharing expense, the Company expects its first quarter 2016 and annual 2016 unit costs to increase approximately two percent, and approximately one percent, respectively, as compared with the same periods last year driven primarily by the incremental depreciation associated with the accelerated retirement of the Company's Boeing 737-300 and 737-500 fleet. This cost outlook includes the impact of current collective bargaining agreements. Operating income in fourth quarter 2015 was a fourth quarter record $1.0 billion, compared with $621 million in fourth quarter 2014. Excluding special items, operating income increased 46.1 percent year-over-year to a fourth quarter record $992 million, resulting in a 19.9 percent operating margin. Other expenses in fourth quarter 2015 were $179 million, compared with $319 million in fourth quarter 2014. This $140 million decrease primarily resulted from $164 million in other losses recognized in fourth quarter 2015, compared with $293 million in other losses recognized in fourth quarter 2014. In both periods, these losses included ineffectiveness and unrealized mark-to-market losses associated with a portion of the Company's fuel hedging portfolio, which are special items. Excluding these special items, fourth quarter 2015 had $44 million in other losses, compared with $11 million in fourth quarter 2014, primarily attributable to the premium costs associated with the Company's fuel derivative contracts. First quarter 2016 premium costs related to fuel derivative contracts are currently estimated to be approximately $35 million, compared with $26 million in first quarter 2015. Net interest expense in fourth quarter 2015 was $15 million, compared with $26 million in fourth quarter 2014. Fleet The Company ended 2015 with 704 aircraft in its fleet. This reflects the delivery of 19 new Boeing 737-800s and 24 pre-owned Boeing 737-700s, as well as the retirement of four Boeing 737 Classic aircraft during the year. At the end of December 2015, the Company revised its future firm delivery schedule to reflect 33 additional -800s, and the conversion of its remaining 25 -700 firm orders to -800s.  In addition, two pre-owned -700s were added to its delivery schedule. The incremental seat gauge and aircraft will be used to replace the capacity associated with the Company's year-end decision to further accelerate the retirement of its Classic fleet to no later than mid-2018, as compared to the previous plan of 2021. The Company continues to plan for modest year-over-year fleet growth through 2018 of no more than two percent, on average. The revised delivery schedule is currently estimated to increase the Company's firm aircraft capital commitments by $400 million beyond 2015. Replacing the Boeing 737-300s and Boeing 737-500s with more efficient and cost-effective aircraft is expected to provide significant cost savings. Additional information regarding the Company's aircraft delivery schedule is included in the accompanying tables. Conference Call Southwest will discuss its fourth quarter and annual 2015 results on a conference call at 12:30 p.m. Eastern Time today. A live broadcast of the conference call also will be available at http://investors.southwest.com. 1See Note Regarding Use of Non-GAAP Financial Measures for additional information on special items, ROIC, free cash flow, and "economic" results. In addition, information regarding special items and ROIC is included in the accompanying reconciliation tables. 2Generally Accepted Accounting Principles in the United States. 3Operating margin, excluding special items, is calculated as operating income, excluding special items, divided by operating revenues, excluding special items. See Note Regarding Use of Non-GAAP Financial Measures. 4Additional information regarding the amended agreement with Chase and the required change in accounting methodology is included in the Financial Results section of this release. 5Excludes gateway airports only serving San Juan, Puerto Rico. Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Specific forward-looking statements include, without limitation, statements related to (i) the Company's financial outlook, projected results of operations, and other factors expected to impact them; (ii) the Company's expected share repurchases; (iii) the Company's plans and expectations related to managing risk associated with volatile jet fuel prices; (iv) the Company's capacity and fleet plans and expectations; (v) the Company's financial and operational goals and strategies; (vi) the Company's network plans, including its plans with respect to international operations; and (vii) the Company's expectations with respect to liquidity (including its plans for the repayment of debt and its capital lease obligations) and capital expenditures. These forward-looking statements are based on the Company's current intent, expectations, and projections and are not guarantees of future performance.  These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company's services and other changes in consumer behavior; (ii) the impact of economic conditions, fuel prices, actions of competitors (including without limitation pricing, scheduling, and capacity decisions and consolidation and alliance activities), and other factors beyond the Company's control, on the Company's business decisions, plans, and strategies; (iii) changes in fuel prices, the impact of hedge accounting, and any changes to the Company's fuel hedging strategies and positions;  (iv) the Company's dependence on third parties, in particular with respect to its fleet plans; (v) the impact of governmental regulations and other governmental actions related to the Company's operations; (vi) the Company's ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to support its operations and initiatives; and (vii) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014.    Southwest Airlines Co. Condensed Consolidated Statement of Income (in millions, except per share amounts) (unaudited) Three months ended Year ended December 31, December 31, 2015 2014 Percent Change 2015 2014 Percent Change OPERATING REVENUES: Passenger $ 4,553 $ 4,409   3.3   $ 18,299   $ 17,658   3.6 Freight 45   46   (2.2)   179   175   2.3 Special Revenue Adjustment —   —   —   172   —   n.m. Other 379   173   119.1   1,170   772   51.6      Total operating revenues 4,977   173   7.5   19,820   18,605   6.5   OPERATING EXPENSES: Salaries, wages, and benefits 1,659   1,390   19.4   6,383   5,434   17.5 Fuel and oil 798   1,167   (31.6)   3,616   5,293   (31.7) Maintenance materials and repairs 276   244   13.1   1,005   978   2.8 Aircraft rentals 59   68   (13.2)   238   295   (19.3) Landing fees and other rentals 279   262   6.5   1,166   1,111   5.0 Depreciation and amortization 263   251   4.8   1,015   938   8.2 Acquisition and integration 6   48   (87.5)   39   126   (69.0) Other operating expenses 611   577   5.9   2,242   2,205   1.7      Total operating expenses 3,951   4,007   (1.4)   15,704   16,380   (4.1) OPERATING INCOME 1,026   621   65.2   4,116 2,225 85.0 OTHER EXPENSES (INCOME): Interest expense 28   32   (12.5)   121   130   (6.9) Capitalized interest (9)   (5)   80.0   (31)   (23)   34.8 Interest income (4)   (1)   300.0   (9)   (7)   28.6 Other (gains) losses, net 164   293   (44.0)   556   309   79.9      Total other expenses 179   319   (43.9)   637   409   55.7 INCOME BEFORE INCOME TAXES 847   302   180.5   3,479   1,816   91.6 PROVISION FOR INCOME TAXES 311   112   177.7   1,298   680   90.9 NET INCOME $ 536   $ 190   182.1   $ 2,181   $ 1,136   92.0 NET INCOME PER SHARE: Basic $ 0.83 $ 0.28 196.4 $ 3.30 $ 1.65 100.0 Diluted $ 0.82 $ 0.28 192.9 $ 3.27 $ 1.64 99.4 WEIGHTED AVERAGE SHARES OUTSTANDING: Basic 648 677 (4.3) 661 687 (3.8) Diluted 656 686 (4.4) 669 696 (3.9)   Southwest Airlines Co. Reconciliation of Reported Amounts to Non-GAAP Items (See Note Regarding Use of Non-GAAP Financial Measures) (in millions, except per share amounts) (unaudited) Three months ended Year ended December 31, December 31, 2015 2014 Percent Change 2015 2014 Percent Change Operating revenues, as reported $ 4,977   $ 4,628       $ 19,820   $ 18,605     Deduct: Special revenue adjustment   —     —         (172)     —     Operating revenues, Non-GAAP $ 4,977   $ 4,628   7.5   $ 19,648   $ 18,605   5.6                                 Fuel and oil expense, unhedged $ 728 $ 1,150 $ 3,362 $ 5,321 Add (Deduct): Fuel hedge (gains) losses included in Fuel and oil expense 70   17       254   (28) Fuel and oil expense, as reported $ 798 $ 1,167 $ 3,616 $ 5,293 Deduct: Net impact from fuel contracts (1) 179   (1)       323   (28) Fuel and oil expense, economic $ 977 $ 1,166 (16.2)% $ 3,939 $ 5,265 (25.2)% Total operating expenses, as reported $ 3,951 $ 4,007 $ 15,704 $ 16,380 Deduct: Net impact from fuel contracts (1) 179   (1)       323   (28)     Deduct: Union contract bonuses (139)   (9)       (334)   (9)     Deduct: Acquisition and integration costs (6)   (48)       (39)   (126)     Add: Litigation settlement —   —       37     —     Total operating expenses, non-GAAP $ 3,985 $ 3,949 0.9 $ 15,691 $ 16,217 (3.2) Deduct: Fuel and oil expense, non-GAAP (economic) (977)   (1,166)       (3,939)   (5,265) Operating expense, non-GAAP excluding fuel and oil expense $ 3,008 $ 2,783 8.1 $ 11,752 $ 10,952 (7.3) Deduct: ProfitSharing expense               Operating expenses, non-GAAP excluding Profitsharing and fuel $ (136) $ (100)   $ (620) $ (355)   Operating income, as reported $ 1,026 $ 621 $ 4,116 $ 2,225 Add (Deduct): Net impact from fuel contracts (1) (179)   1       (323)   28 Deduct: Special revenue adjustment —   —       (172)   —     Add: Union contract bonuses 139   9       334   9     Add: Acquisition and integration costs 6   48       39   126     Deduct Litigation settlement —   —       (37)   —     Operating income, non-GAAP $ 992 $ 679 46.1% $ 3,957 $ 2,388 65.7% Other (gains) losses, net, as reported $ 164 $ 293 $ 556 $ 309 Add (Deduct): Net impact from fuel contracts (1) (120) (282) (436) (252) Other (gains) losses, net, non-GAAP $ 44 $ 11 300.0% $ 120 $ 57 110.5% Net income, as reported $ 536 $ 190 $ 2,181 $ 1,136 Add (Deduct): Net impact from fuel contracts (1) (59) 283 113 280 Add (Deduct): Income tax impact of fuel contracts 22 (105) (42) (104) Deduct: Special revenue adjustment (2) — — (108) — Add: Union contract bonuses (2) 88   6       210   6     Add: Acquisition and integration costs, net (2) 4 30 24 79 Deduct: Litigation settlement (2) — — (23) — Net income, non-GAAP $ 591 $ 404 46.3% $ 2,355 $ 1,397 68.6% Net income per share, diluted, as reported $ 0.82 $ 0.28 $ 3.27 $ 1.64 Add: Net impact from fuel contracts (2) (0.09) 0.26 0.06 0.25 Add: Impact of special items, net (2) 0.17 0.05 0.19 0.12 Net income per share, diluted, non-GAAP $ 0.90 $ 0.59 52.5% $ 3.52 $ 2.01 75.1% (1) See Reconciliation of Impact from Fuel Contracts. (2) Amounts net of tax.   Southwest Airlines Co. Reconciliation of Impact from Fuel Contracts (See Note Regarding Use of Non-GAAP Financial Measures) (in millions) (unaudited) Three months ended Year ended December 31, December 31, 2015 2014 2015 2014 Fuel and oil expense Reclassification between Fuel and oil and Other (gains) losses, net,  associated with current period settled contracts $ 11 $ 1 $ 72 $ (4) Contracts settling in the current period, but for which gains  have been recognized in a prior period (1) 168   (2)   251   (24) Impact from fuel contracts to Fuel and oil expense $ 179 $ (1) $ 323 $ (28) Operating Income Reclassification between Fuel and oil and Other (gains) losses, net,  associated with current period settled contracts $ (11) $ (1) $ (72) $ 4 Contracts settling in the current period, but for which gains  have been recognized in a prior period (1) (168) 2 (251) 24 Impact from fuel contracts to Operating Income $ 179 $ 1 $ (323) $ 28 Other (gains) losses, net Mark-to-market impact from fuel contracts settling in future periods $ (102) $ (246) $ (373) $ (251) Ineffectiveness from fuel hedges settling in future periods (7) 35 9 (5) Reclassification between Fuel and oil and Other (gains) losses, net,   associated with current period settled contracts (11) (1) (72) 4 Impact from fuel contracts to Other (gains) losses, net $ (120) $ (282) $ (436) $ (252) Net Income Mark-to-market impact from fuel contracts settling in future periods $ 102 $ 246 $ 373 $ 251 Ineffectiveness from fuel hedges settling in future periods 7 35 (9) 5 Other net impact of fuel contracts settling in the current or a prior  period (excluding reclassifications) (168) 2 (251) 24 Impact from fuel contracts to Net Income (2) $ (59) $ 283 $ 113 $ 280 (1) As a result of prior hedge ineffectiveness and/or contracts marked-to-market through the income statement. (2) Before income tax impact of unrealized items.   Southwest Airlines Co. Comparative Consolidated Operating Statistics (unaudited) Three months ended Year ended December 31, December 31, 2015 2014 Change 2015 2014 Change Revenue passengers carried 30,368,454 27,894,107   8.9%   118,171,211   110,496,912     6.9% Enplaned passengers 37,039,737 34,065,219   8.7%   144,574,882   135,767,188     6.5% Revenue passenger miles (RPMs) (000s)(1) 29,727,972 26,767,655   11.1%   117,499,879   108,035,133     8.8% Available seat miles (ASMs) (000s)(2) 35,367,574 32,647,338   8.3%   140,501,409   131,003,957     7.2% Load factor(3) 84.1% 82.0%   2.1 pts 83.6%   82.5%     1.1 pts. Average length of passenger haul (miles) 979 960   2.0%   994   978     1.6% Average aircraft stage length (miles) 748 722   3.6%   750   721     4.0% Trips flown 319,178 309,271   3.2%   1,267,358   1,255,502     0.9% Seats flown (4) 46,628,216   44,699,858   4.3%   184,955,094   179,733,055     2.9%   Seats per trip (5) 146.09   144.53   1.1%   145.94   143.16     1.9%   Average passenger fare (11) $ 149.94 $ 158.06 (5.1)% $ 154.85 $ 159.80 (3.1)% Passenger revenue yield per RPM (cents)(6)(11) 15.32   16.47   (7.0)%   15.57   16.34     (4.7)% RASM (cents)(7) 14.07   14.17   (0.7)%   13.98   14.20     (1.5)% PRASM (cents)(8)(11) 12.87   13.50   (4.7)%   13.02   13.48     (3.4)% CASM (cents)(9) 11.17   12.27   (9.0)%   11.18   12.50     (10.6)% CASM, excluding fuel (cents) 8.91   8.69   2.5%   8.61   8.46     1.8% CASM, excluding special items (cents) 11.27   12.10   (6.9)%   11.17   12.38     (9.8)% CASM, excluding fuel and special items (cents) 8.51   8.52   (0.1)%   8.37   8.36     0.1% CASM, excluding fuel, special items, and profitsharing (cents) 8.13   8.22   (1.1)%   7.93   8.09     (2.0)% Fuel costs per gallon, including fuel tax (unhedged) $ 1.51 $ 2.59 (41.7)% $ 1.76 $ 2.95 (40.3)% Fuel costs per gallon, including fuel tax $ 1.65 $ 2.63 (37.3)% $ 1.90 $ 2.93 (35.2)% Fuel costs per gallon, including fuel tax (economic) $ 2.03 $ 2.62 (22.5)% $ 2.07 $ 2.92 (29.1)% Fuel consumed, in gallons (millions) 481   443   8.6%   1,901   1,801     5.6% Active fulltime equivalent Employees 49,583   46,278   7.1%   49,583   46,278     7.1% Aircraft at end of period(10) 704   665   5.9%   704   665     5.9% (1) A revenue passenger mile is one paying passenger flown one mile. Also referred to as "traffic," which is a measure of demand for a given period. (2) An available seat mile is one seat (empty or full) flown one mile. Also referred to as "capacity," which is a measure of the space available to carry passengers in a given period. (3) Revenue passenger miles divided by available seat miles. (4) Seats flown is calculated using total number of seats available by aircraft type multiplied by the total trips flown by the same aircraft type during a particular period. (5) Seats per trip is calculated using seats flown divided by trips flown. Also referred to as "gauge." (6) Calculated as passenger revenue divided by revenue passenger miles. Also referred to as "yield," this is the average cost paid by a paying passenger to fly one mile, which is a measure of revenue production and fares. (7) RASM (unit revenue) - Operating revenue yield per ASM, calculated as operating revenue, excluding special items, divided by available seat miles. Also referred to as "operating unit revenues," this is a measure of operating revenue production based on the total available seat miles flown during a particular period. Year ended 2015 RASM excludes a $172 million one-time non-cash special revenue adjustment. Additional information regarding this special item is provided in the Financial Results section of this release and the accompanying reconciliation tables. (8) PRASM (Passenger unit revenue) - Passenger revenue yield per ASM, calculated as passenger revenue divided by available seat miles. Also referred to as "passenger unit revenues," this is a measure of passenger revenue production based on the total available seat miles flown during a particular period. (9) CASM (unit costs) - Operating expenses per ASM, calculated as operating expenses divided by available seat miles. Also referred to as "unit costs" or "cost per available seat mile," this is the average cost to fly an aircraft seat (empty or full) one mile, which is a measure of cost efficiencies. (10) Aircraft in the Company's fleet at end of period, less Boeing 717-200s removed from service in preparation for transition out of the fleet. (11) Refer to the Financial Results section of this release for additional information regarding the impact from the amended co-branded credit card agreement with Chase.   Southwest Airlines Co. Return on Invested Capital (ROIC) (See Note Regarding Use of Non-GAAP Financial Measures) (in millions) (unaudited) Twelve Months Ended Twelve Months Ended December 31, 2015 December 31, 2014 Operating Income, as reported 4,116   2,225 Special revenue adjustment (172)   — Union contract bonuses 334   9 Net impact from fuel contracts (323)   28 Acquisition and integration costs 39   126 Litigation settlement (37)   — Operating Income, non-GAAP 3,957   2,388 Net adjustment for aircraft leases (1) 114   133 Adjustment for fuel hedge accounting (124)   (62) Adjusted Operating Income, non-GAAP 3,947   2,459       Average invested capital (2) 11,037   11,470 Equity adjustment for hedge accounting 1,027   104 Adjusted average invested capital 12,064   11,574       ROIC, pre-tax 32.7%   21.2% (1) Net adjustment related to presumption that all aircraft in fleet are owned (i.e., the impact of eliminating aircraft rent expense and replacing with estimated depreciation expense for those same aircraft). (2) Average invested capital represents a five quarter average of debt, net present value of aircraft leases, and equity.   Southwest Airlines Co. Condensed Consolidated Balance Sheet (in millions) (unaudited) December 31, 2015 December 31, 2014 ASSETS See note Current assets:      Cash and cash equivalents $ 1,583 $ 1,282      Short-term investments 1,468 1,706      Accounts and other receivables 474 365      Inventories of parts and supplies, at cost 311 342      Prepaid expenses and other current assets 188 232           Total current assets 4,024 3,927 Property and equipment, at cost:          Flight equipment 19,462 18,473      Ground property and equipment 3,219 2,853      Deposits on flight equipment purchase contracts 1,089 566      Assets constructed for others 915 621 24,685 22,513      Less allowance for depreciation and amortization 9,084 8,221 15,601 14,292 Goodwill 970 970 Other assets 717 534 $ 21,312 $ 19,723 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities:      Accounts payable $ 1,188 $ 1,203      Accrued liabilities 2,591 1,565      Air traffic liability 2,990 2,897      Current maturities of long-term debt 637 258           Total current liabilities 7,406 5,923     Long-term debt less current maturities 2,541 2,434 Deferred income taxes 2,490 2,782 Construction obligation 757 554 Other noncurrent liabilities 760 1,255 Stockholders' equity:          Common stock 808 808      Capital in excess of par value 1,374 1,315      Retained earnings 9,409 7,416      Accumulated other comprehensive loss 1,051) (738)      Treasury stock, at cost (3,182) (2,026)           Total stockholders' equity 7,358 6,775 $ 21,312 $ 19,723 Note: The Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes, utilizing retrospective application as permitted. As such, certain prior period amounts have been reclassified to conform to the current presentation. In the Condensed Consolidated Balance Sheet as of December 31, 2014, the Company has reclassified $477 million from Deferred income taxes in current assets to Deferred income taxes within non-current liabilities.   Southwest Airlines Co. Condensed Consolidated Statement of Cash Flows (in millions) (unaudited) Three months ended December 31, Year ended December 31, 2015 2014 2015 2014 CASH FLOWS FROM OPERATING ACTIVITIES:      Net income $ 536 $ 190 $ 2,181 $ 1,136      Adjustments to reconcile net income to cash provided by        operating activities:      Depreciation and amortization 263 251   1,015   938      Unrealized (gain) loss on fuel derivative instruments (59) 283   113   279      Deferred income taxes (70) 28   (109)   501      Changes in certain assets and liabilities:                       Accounts and other receivables (2) 137   (88)   54           Other assets 64 149   103   142           Accounts payable and accrued liabilities 538 122   961   36           Air traffic liability (523) (480)   94   326           Cash collateral received from (paid to) derivative counterparties (357) (241)   (570)   (233)      Other, net (66) (236)   (462)   (277)      Net cash provided by operating activities 324 203   3,238   2,902 CASH FLOWS FROM INVESTING ACTIVITIES:      Capital expenditures (810)   (467)   (2,041)   (1,748)      Assets constructed for others (26)   (22)   (102)   (80)      Purchases of short-term investments (603)   (736)   (1,986)   (3,080)      Proceeds from sales of short-term and other investments 490   758   2,223   3,185      Other, net 3   (1)   (7)   (4)      Net cash used in investing activities (946)   (468)   (1,913)   (1,727) CASH FLOWS FROM FINANCING ACTIVITIES:      Proceeds from issuance of long-term debt 500 300 500 300      Proceeds from Employee stock plans 16 14 46 110      Reimbursement for assets constructed for others 10 1 24 27      Proceeds from termination of interest rate derivative instruments —   —   12   —      Payments of long-term debt and capital lease obligations (43) (394) (213) (561)      Payments of cash dividends — — (180) (139)      Repayment of construction obligation (2) (3) (10) (11)      Repurchase of common stock — (200) (1,180) (955)      Other, net (16) (3) (23) (19)      Net cash used in financing activities (465) (285) (1,024) (1,248)   NET CHANGE IN CASH AND CASH EQUIVALENTS (157) (550) 301 (73) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,740 1,832 1,282 1,355 CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,583 $ 1,282 $ 1,583 $ 1,282   Southwest Airlines Co. Fuel Derivative Contracts As of January 15, 2016 Estimated economic jet fuel price per gallon, including taxes Average Brent Crude Oil  price per barrel 1Q 2016 (2) Full Year 2016 (2) $15 $1.20 - $1.25 $1.30 - $1.35 $25 $1.45 - $1.50 $1.50 - $1.55 Current Market (1) $1.65 - $1.70 $1.70 - $1.75 $45 $2.00 - $2.05 $1.95 - $2.00 $55 $2.30 - $2.35 $2.15 - $2.20 Period Average percent of estimated fuel consumption covered by fuel derivative contracts at varying WTI/Brent Crude Oil, Heating Oil, and Gulf Coast Jet Fuel-equivalent price levels   First quarter 2016 (3) — Full year 2016 Approx. 20% 2017 Approx. 65% 2018 Approx. 35% (1) Brent crude oil average market prices as of January 15, 2016, were approximately $30 and $33 per barrel for first quarter 2016 and full year 2016, respectively. (2) The economic fuel price per gallon sensitivities provided assume the relationship between Brent crude oil and refined products based on market prices as of January 15, 2016. (3) The Company is effectively unhedged for the first quarter 2016 at current price levels. A majority of the financial impact of the derivative contracts currently held for the quarter is locked-in and is included in the economic jet fuel price simulations above.   Southwest Airlines Co. 737 Delivery Schedule As of December 31, 2015 The Boeing Company The Boeing Company 737 NG 737 MAX -800 Firm  Orders   Options Additional  -700s -7 Firm Orders -8 Firm Orders Options Total 2016 36     17 — — — 53 2017 35     14 — 14 — 63 2018 18   18 4 — 13 — 53 2019 —   — — 15 10 — 25 2020 —   — — 14 22 — 36 2021 —   — — 1 33 18 52 2022 —   — — — 30 19 49 2023 —   — — — 24 23 47 2024 —   — — — 24 23 47 2025 —   — — — — 36 36 2026 —   — — — — 36 36 2027 —   — — — — 36 36 89     18   35   30   170 (1)     191 533 (1) The Company has flexibility to substitute MAX 7 in lieu of MAX 8 firm orders beginning in 2019. NOTE REGARDING USE OF NON-GAAP FINANCIAL MEASURES The Company's unaudited consolidated financial statements are prepared in accordance with GAAP. These GAAP financial statements include (i) unrealized non-cash adjustments and reclassifications, which can be significant, as a result of accounting requirements and elections made under accounting pronouncements relating to derivative instruments and hedging and (ii) other charges the Company believes are not indicative of its ongoing operational performance. As a result, the Company also provides financial information in this release that was not prepared in accordance with GAAP and should not be considered as an alternative to the information prepared in accordance with GAAP. The Company provides supplemental non-GAAP financial information, including results that it refers to as "economic," which the Company's management utilizes to evaluate its ongoing financial performance and the Company believes provides greater transparency to investors as supplemental information to its GAAP results. The Company's economic financial results differ from GAAP results in that they only include the actual cash settlements from fuel hedge contracts--all reflected within Fuel and oil expense in the period of settlement. Thus, Fuel and oil expense on an economic basis reflects the Company's actual net cash outlays for fuel during the applicable period, inclusive of settled fuel derivative contracts. Any net premium costs paid related to option contracts are reflected as a component of Other (gains) losses, net, for both GAAP and non-GAAP (including economic) purposes in the period of contract settlement. The Company believes these economic results provide a better measure of the impact of the Company's fuel hedges on its operating performance and liquidity since they exclude the unrealized, non-cash adjustments and reclassifications that are recorded in GAAP results in accordance with accounting guidance relating to derivative instruments, and they reflect all cash settlements related to fuel derivative contracts within Fuel and oil expense. This enables the Company's management, as well as investors, to consistently assess the Company's operating performance on a year-over-year or quarter-over-quarter basis after considering all efforts in place to manage fuel expense. However, because these measures are not determined in accordance with GAAP, such measures are susceptible to varying calculations and not all companies calculate the measures in the same manner. As a result, the aforementioned measures, as presented, may not be directly comparable to similarly titled measures presented by other companies. Further information on (i) the Company's fuel hedging program, (ii) the requirements of accounting for derivative instruments, and (iii) the causes of hedge ineffectiveness and/or mark-to-market gains or losses from derivative instruments is included in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. In addition to its "economic" financial measures, as defined above, the Company has also provided other non-GAAP financial measures, including results that it refers to as "excluding special items," as a result of items that the Company believes are not indicative of its ongoing operations. These include a one-time Special revenue adjustment due to the July 2015 amended co-branded credit card agreement (the "Agreement") with Chase Bank USA, N.A. and the resulting change in accounting methodology, expenses associated with the Company's acquisition and integration of AirTran, a gain resulting from a litigation settlement received in January 2015, and union contract bonuses recorded for certain workgroups. The Company believes that evaluation of its financial performance can be enhanced by a presentation of results that exclude the impact of these items in order to evaluate the results on a comparative basis with results in prior periods that do not include such items and as a basis for evaluating operating results in future periods. As a result of the Company's acquisition of AirTran, which closed on May 2, 2011, the Company incurred substantial charges associated with integration of the two companies through the effective completion date of the integration process. The Company does not expect to incur any further Acquisition and integration costs beyond 2015. The Company has also provided free cash flow and ROIC, which are non-GAAP financial measures. The Company believes free cash flow is a meaningful measure because it demonstrates the Company's ability to service its debt, pay dividends and make investments to enhance Shareholder value. Although free cash flow is commonly used as a measure of liquidity, definitions of free cash flow may differ; therefore, the Company is providing an explanation of its calculation for free cash flow. For the year ended December 31, 2015, the Company generated $1.1 billion in free cash flow, calculated as operating cash flows of $3.2 billion less capital expenditures of $2.0 billion less assets constructed for others of $102 million plus reimbursements for assets constructed for others of $24 million. The Company believes ROIC is a meaningful measure because it quantifies how well the Company generates operating income relative to the capital it has invested in its business.  Although ROIC is commonly used as a measure of capital efficiency, definitions of ROIC may differ; therefore, the Company is providing an explanation of its calculation for ROIC (before taxes and excluding special items) in the accompanying reconciliation tables to the press release (See Return on Invested Capital). ... View more

Express booking feature to provide Customers convenience to low fares and more This release contains: 1 Related Document, 2 Photos Southwest Airlines Co. (NYSE: LUV) today released an update to its iOS® mobile app available now in Apple®'s App Store for iPhone®. Today's release introduces an all-new app with a faster and more streamlined interface, providing an enhanced mobile experience for Customers on iPhone. "New features such as express check out make booking Southwest's low fares even easier for our most frequent Customers," said LeighAnn Davis, Southwest Airlines Senior Director of Digital Marketing. "The app's new look and feel adds to the redesigned user experience and helps make everything from browsing flights, to checking in, to day of travel easier." In addition to browsing and booking flights, Customers also may book rental cars, access upcoming trip information, and save boarding passes to Apple Wallet from within the app. Integration with a user's Rapid Rewards® account allows Members to use the new express check out feature as well as access a fresh interface for tracking progress toward Rapid Rewards A-List, A-List Preferred, and Companion Pass tier status. To download the app or learn more about our other mobile web offerings, visit Southwest.com. Apple and iPhone are registered trademarks of Apple Inc. iOS is a trademark or registered trademark of Cisco in the U.S. and other countries. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency SM , a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

Subject to Foreign Government Approval, Daily Service between LAX and Liberia/Guanacaste, Costa Rica, begins April 12, 2016, with one-way fares as low as $149 Southwest Airlines Co. (NYSE: LUV) today published its initial flight schedule for international service at Terminal 2, Los Angeles International Airport (LAX) with daily service beginning Tuesday, April 12, 2016, from LAX to Daniel Oduber Quiros International Airport (LIR) in Liberia/Guanacaste, Costa Rica, subject to foreign government approval.  To celebrate the new route, the carrier is offering introductory one-way fares as low as $149 one-way (purchase today through Feb. 1, 2016, 11:59pm in the time zone of the originating city and travel from April 12 through May 25, 2016.  Please see additional fare rules below).   Beginning April 12, 2016, Southwest® will offer daily, scheduled service from Los Angeles International Airport (LAX) to Liberia, Costa Rica (LIR), with the first northbound flight departing daily the following day. Southwest Flight 6920 Departs  Los Angeles (LAX)   at 2:40 p.m. PST Arrives  Liberia, Costa Rica (LIR) at 9:10 p.m. CST Southwest Flight 6918 Departs  Liberia, Costa Rica (LIR) at  9:15 a.m. CST Arrives Los Angeles (LAX)  at 2:15 p.m. PST Customers may book any of these new flights at Southwest.com or by phone at 800-I-FLY-SWA. INTRODUCTORY FARE TERMS & CONDITIONS  Purchase between Jan. 12 and Feb. 1, 2016, 11:59 p.m. in the respective time zone of the originating city.  International travel is valid daily from April 12 through May 25, 2016.  Fares are valid only on nonstop service between LAX and LIR and include all U.S. international government taxes and fees.  Rapid Rewards® Points bookings do not include taxes, fees, or other government/airport charges of at least $5.60 per one-way flight.  Seats and days are limited.  Fares may vary by day of week and won't be available on some flights that operate during very busy travel times and holiday periods.  Travel is available for one-way Wanna Get Away® Fares.  Fares may be combined with other Southwest® combinable fares.  If combining with other fares, the most restrictive fare rules apply.  Sale fares might be available on other days of the week, but that's not guaranteed.  Fares are nonrefundable but may be applied toward future travel on Southwest Airlines as long as the reservation is canceled at least ten minutes prior to the scheduled departure of the flight.  Failure to cancel prior to that time will result in forfeiture of remaining funds on the reservation.  Any change in itinerary may result in an increase in fare.  Standby travel requires an upgrade to the Anytime Fare.  Fares are subject to change until they are ticketed.  This offer only applies to published, scheduled service. ABOUT SOUTHWEST AIRLINES CO.  In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season.  Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives.  From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.  Visit the Southwest Newsroom at swamedia.com for multi-media assets and other Company news   SOURCE Southwest Airlines Co. ... View more

Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its December, fourth quarter, and total year preliminary traffic statistics. The Company flew 10.0 billion revenue passenger miles (RPMs) in December 2015, an increase of 8.6 percent from the 9.2 billion RPMs flown in December 2014. Available seat miles (ASMs) increased 8.3 percent to 12.1 billion in December 2015, compared with December 2014 ASMs of 11.2 billion. The December 2015 load factor was a record for the month of December at 83.0 percent, compared with 82.7 percent in December 2014. For fourth quarter 2015, the Company flew 29.7 billion RPMs, an increase of 11.1 percent from the 26.8 billion RPMs flown in fourth quarter 2014. Fourth quarter 2015 ASMs increased 8.4 percent to 35.4 billion, compared with fourth quarter 2014 ASMs of 32.6 billion. The fourth quarter 2015 load factor was a fourth quarter record at 84.0 percent, compared with 82.0 percent in fourth quarter 2014. The Company continues to estimate its fourth quarter 2015 operating revenue per ASM (RASM) will be approximately flat to down 1.0 percent, compared with fourth quarter 2014. For 2015, the Company flew 117.5 billion RPMs, an increase of 8.8 percent from the 108.0 billion RPMs flown in 2014. For 2015, ASMs increased 7.3 percent to 140.5 billion, compared with 131.0 billion in 2014. The 2015 load factor was an annual record at 83.6 percent, compared with 82.5 percent in 2014. This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.   Southwest Airlines Co. Preliminary Comparative Traffic Statistics DECEMBER 2015 2014 Change Revenue passengers carried 10,105,907 9,594,370 5.3% Enplaned passengers 12,371,034 11,666,424 6.0% Revenue passenger miles (000s) 10,020,969 9,224,382 8.6% Available seat miles (000s) 12,072,508 11,151,720 8.3% Load factor 83.0% 82.7% 0.3 pts. Average length of haul 992 961 3.2% Trips flown 108,208 104,550 3.5% FOURTH QUARTER 2015 2014 Change Revenue passengers carried 30,368,454 27,894,107 8.9% Enplaned passengers 37,039,737 34,065,219 8.7% Revenue passenger miles (000s) 29,727,972 26,767,655 11.1% Available seat miles (000s) 35,378,679 32,647,338 8.4% Load factor 84.0% 82.0% 2.0 pts. Average length of haul 979 960 2.0% Trips flown 319,178 309,271 3.2% TOTAL YEAR 2015 2014 Change Revenue passengers carried 118,171,211 110,496,912 6.9% Enplaned passengers 144,574,882 135,767,188 6.5% Revenue passenger miles (000s) 117,499,879 108,035,133 8.8% Available seat miles (000s) 140,512,514 131,003,957 7.3% Load factor 83.6% 82.5% 1.1 pts. Average length of haul 994 978 1.6% Trips flown 1,267,358 1,255,502 0.9%   SOURCE Southwest Airlines Co. ... View more

Southwest Airlines Co. (NYSE: LUV) today announced a new tentative agreement with Transport Workers Union Local 555, the union that represents more than 12,000 Southwest Ground Operations, Provisioning, and Cargo Agents. The Union's Executive Board reviewed an Agreement in Principle that negotiators reached December 23rd and decided to conduct a ratification vote that could end more than four years of negotiations. The Company said that the new contract not only improves wages and benefits, but it also enhances Southwest's competitive standing within the industry. "I am grateful to the Company and Union negotiators who shaped this agreement," said Vice President Ground Operations Steve Goldberg. "We wanted a rewarding contract that our Employees would support, as well as one that supports our Company's low-fare structure and growth opportunities, and we believe this agreement achieves those objectives." Over the next few weeks, the Union will share the terms of the agreement with its members and conduct a ratification vote. If approved, the contract will become amendable in 2021. Southwest operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers  annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

Other carriers add holiday baggage surcharges as Southwest reminds Customers about Transfarency Southwest Airlines Co. (NYSE: LUV) named Tuesday, Dec. 15 'Hidden #FeesDontFly' Day and reminded Customers that they won't be surprised by hidden fees when it comes to flying Southwest®. While other carriers add bag fee surcharges during the holidays, Southwest continues in its 45-year tradition of up to two bags that fly free (size and weight limits apply), no change fees (though fare differences may apply), and consistently low fares. "As other carriers tack on outlandish surcharges for what should be considered a normal part of traveling, we reminded folks there's a better, friendlier option," said Bob Jordan, Executive Vice President and Chief Commercial Officer at Southwest Airlines. "December is the season of traveling families and being with those you love. Yesterday, we reminded the world that Southwest values connecting families to what's important in their lives. And, we let them check two bags for free, too." Southwest reached thousands of Customers on social platforms and engaged with them using the hashtag #FeesDontFly to highlight excessive fees on competing airlines. A handful of Customers were even surprised with both a Visa® gift card to cover hidden fees on other airlines, and a Southwest ticket encouraging them to choose Southwest for a future flight. Check out this video to see surprised travelers. 'Hidden #FeesDontFly' Day is a continuation of the Transfarency℠ campaign that launched in October. Southwest Airlines coined the term Transfarency to highlight its approach of treating Customers honestly and fairly, with low fares that actually stay low—and no unexpected bag fees, change fees, or hidden fees. The Transfarency philosophy is practiced exclusively by Southwest Airlines, and was created in partnership with GSD&M. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

To celebrate, carrier donates more than one million points as part of 'Donate Day', encourages Customers to join cause Southwest Airlines Co. (NYSE: LUV) is proud to provide Customers with a new opportunity to make a difference in others' lives by donating their earned Rapid Rewards points to any of nine participating charities. To jumpstart the campaign, Southwest Airlines donated more than 150,000 points to each of the nine organizations. To commemorate the launch of this new capability, Southwest today is hosting a donation drive on its @SouthwestAir Twitter account where Rapid Rewards frequent flyer program members can now access the Southwest Airlines website to donate points, and to raise awareness for a cause important to them. Customers are encouraged to use the hashtag #SouthwestHeart after donating and follow Southwest Airlines on all social media channels to watch how many points have been donated and to which organizations as the day progresses. "The holidays are an incredible opportunity to share our Heart by remembering those who need a helping hand," said Linda Rutherford, Vice President, Communication & Outreach at Southwest Airlines. "We're excited our Rapid Rewards members now have the opportunity to show their generosity and potentially change a life by donating the gift of travel." Southwest Airlines Customers who have an active Rapid Rewards account can login to the Rapid Rewards My Account and donate points. Charities include Make-A-Wish ® , Honor Flight Network, American Red Cross, Student Conservation Association, Dream Foundation, All Hands Volunteers, The Mission Continues, Team Rubicon, and Ronald McDonald House Charities. Southwest proudly supports these charities year round, providing travel to help them accomplish their mission. All points donations must be made through Southwest.com by logging in to the Rapid Rewards account and navigating to the Rapid Rewards Point Center. From there Customers can click on the 'Donate Points' button to start the process. Once the donation has been accepted, Customers receive an email with a receipt. Transactions are non-transferable.  All Rapid Rewards rules and regulations apply and can be found at Southwest.com/rrterms. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

Southwest Airlines continues to work with officials related to Flight 31 today from Houston Hobby Airport to Nashville International Airport. At approximately 5:20pm local time, the plane exited the taxiway shortly after arriving into Nashville, as the airplane was approaching the arrival gate. The 133 passengers and five Crewmembers were safely evacuated from the plane and bussed into the airport. Local EMS paramedics were on site to check Customers and reports indicate that eight passengers were transported to a local hospital; four have been evaluated and released. We do not have a status on passenger injuries but our Employees have remained onsite to support their needs. For the majority of the Customers onboard the flight, Nashville was their final destination. The remaining passengers were accommodated in hotels or transported to their final destination on an alternate aircraft. We received the required clearance from authorities to remove both checked and carryon luggage from the aircraft, and are working diligently to reunite customers with their items tonight andtomorrow. The necessary recovery crews are arriving onsite and we will work overnight to move the aircraft. The Safety of our Customers and Employees remains our primary focus.  # # #   ... View more

Carrier will fly daily to Central America from LAX Terminal 2 beginning Spring 2016 Southwest Airlines Co. (NYSE: LUV) today announced plans to complement its growing portfolio of international routes by offering nonstop service between Los Angeles International Airport and Daniel Oduber Quiros International Airport in Liberia/Guanacaste, Costa Rica beginning in April 2016.  Southwest® expects to operate the service daily from LAX Terminal 2, adjacent the carrier's domestic operation in LAX Terminal 1.  Flights will be available for purchase early next year at Southwest.com and are subject to foreign government approval.  "This new link for our Customers in the LA Basin to Costa Rica's growing resort and ecotourism region will bring to the market a value only Southwest can offer with bags fly free*, no change fees, and low fares, all alongside our famously friendly Customer Service," said Andrew Watterson, Southwest Airlines Senior Vice President of Network & Revenue Management.  "We proudly carry more passengers to and from California airports than any other airline and continue to invest in the Golden State by adding new short, medium, and long-haul service this year from all nine of our California airports." The new international service comes as Southwest achieves several milestones in a revitalization of its LAX facilities at Terminal 1.  As part of the $508 million modernization project unfolding now in partnership with Los Angeles World Airports, a new ticketing lobby and baggage claim facility is set to open early next year.  Additional facility construction will bring new entrances, additional capacity in the security checkpoint expected to open in 2017, new food options, and an overall enhanced Customer experience.  The project is expected to be completed fully by 2018. "I'm pleased to welcome Southwest Airlines' first new international route out of LAX," said Los Angeles Mayor Eric Garcetti.  "This new international flight will contribute to the expanding relationship between Southern California and Latin America while bringing over $600 million annually to our local economy and supporting thousands of jobs for Angelenos." Southwest Airlines began flying to California in 1982 and now serves nine airports in the Golden State, offering more daily departures in California than any other airline.  143 of those flights takeoff and land within the state, connecting 18 unique city-pair combinations within California.  By summer 2016, Southwest's nine California airports will offer Customers a combined peak weekday schedule of 678 departures to destinations across the United States, Mexico, and Costa Rica. Following its launch of service in April 2013 to the U.S. Commonwealth of Puerto Rico, Southwest began its international journey in July 2014 with service to three Caribbean nations and, after adding service points across the Caribbean, Mexico, and Central America, will end 2015 'twelve for twelve,' so to speak:  the carrier now serves a dozen destinations across Latin America and the Caribbean from a dozen gateway airports on the U.S. mainland.  Los Angeles International Airport (LAX) will become the carrier's thirteenth gateway airport in the 48 contiguous states. "We are just getting started with a service footprint outside the U.S. mainland designed to offer the more than 100 million People who fly with us every year international opportunities to connect with what's important to them," Watterson said.  "Our list of opportunities is long and Liberia, Costa Rica is just the beginning of the international destinations we plan to offer from LAX." Southwest Airlines Gateway Cities within the 48 contiguous states (as of 12/31/2015, listed alphabetically): • Atlanta • Austin • Baltimore/Washington • Chicago Midway • Denver • Ft. Lauderdale • Houston Hobby • Milwaukee • Orange County/Santa Ana • Orlando  • San Antonio • Tampa Bay Southwest Airlines Service across Latin America and the Caribbean (as of 12/31/2015, listed chronologically by start of service): • San Juan, Puerto Rico                (began Apr. 14, 2013) • Oranjestad, Aruba                       (began July 1, 2014) • Nassau, The Bahamas                 (began July 1, 2014) • Montego Bay, Jamaica                  (began July 1, 2014) • Cancun, Mexico                             (began Aug. 10, 2014) • San Jose del Cabo/Los Cabos, Mexico       (began Aug. 10, 2014) • Mexico City, Mexico                                  (began Nov. 2, 2014) • Punta Cana, Dominican Republic                (began Nov. 2, 2014) • San Jose, Costa Rica                                 (began Mar. 10, 2015) • Puerto Vallarta, Mexico                               (began June 7, 2015) • Belize City, Belize                                       (began Oct. 15, 2015) • Liberia, Costa Rica                                       (began Nov. 1, 2015) Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company's opportunities and expectations with respect to its operations at Los Angeles International Airport, including international operations. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company's services and other changes in consumer behavior; (ii) the impact of governmental regulations and other governmental actions related to the Company's operations; (iii) the Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iv) the Company's dependence on third parties; and (v) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014.  About Southwest Airlines Co. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,900 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency SM , a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. *Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

Gary C. Kelly, Chairman of the Board, President & Chief Executive Officer of Southwest Airlines Co. (NYSE: LUV) makes a return visit to the Yale Club in midtown Manhattan for a moderated discussion and Q&A at the Wings Club December Luncheon.  Southwest Airlines Co. will be webcasting the audio discussion live, and a link to the webcast will be available via the Investor Relations homepage on the Southwest Airlines website.  Details of the audio webcast are as follows:  Date:      Thursday, Dec. 10, 2015 Time:        1:00pm EST (NOTE: Broadcast start will depend on flow of the luncheon.) Speaker:       Gary C. Kelly, Chairman of the Board, President & Chief Executive Officer Web Address: http://southwest.investorroom.com/ To access the live audio webcast, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page.  Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/events, under Past Events. Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet.  If you experience problems listening to the webcast, click on Help in the webcast browser.   SOURCE Southwest Airlines Co. ... View more

Southwest Airlines extends schedule through the summer with new nonstop routes and fares starting as low as $49 one-way! Southwest Airlines Co. (NYSE: LUV) is helping beat winter blues and getting travelers in the summer spirit by extending its bookable flight schedule through Aug. 5, 2016. With the new flight schedule, the carrier is launching new nonstop routes to connect Customers to what's important to them. Beginning June 5, 2016, Southwest will begin offering nonstop service between: St. Louis and Portland, Ore. with fares as low as $129 One-Way St. Louis and Oakland with fares as low as $129 One-Way St. Louis and Cleveland with fares as low as $59 One-Way Reno/Tahoe and Oakland with fares as low as $49 One-Way Purchase Dec. 8--14, 2015, 11:59 p.m. in the respective time zone of the originating city. Domestic travel valid June 6 through Aug.4, 2016.  Domestic travel blacked out June 30 through July 5, 2016.  Domestic travel is not valid on Fridays and Sundays. Fares are valid on domestic, nonstop service only. Displayed prices include all U.S. and international government taxes and fees. Rapid Rewards® Points bookings do not include taxes, fees, and other government/airport charges of at least $5.60 per one way flight. Fares are not available to/from San Juan, Puerto Rico. Seats and days are limited. See additional and complete fare rules below. "We're building bridges between cities across our network with our bags fly free* and no change fees policies, our award-winning loyalty program, and our all-Boeing 737 fleet," said Dave Harvey, Southwest Airlines Senior Director of Network Planning and Performance. "St. Louis will now have more than 100 departures a day to more than 40 destinations including Oakland; Portland, Ore.; and Cleveland. The new nonstop routes allow for greater access to our expansive network.  For example, Reno/Tahoe is getting new three times daily service to Oakland, one of the most requested routes among travelers in Northern Nevada."  Southwest also is beginning nonstop daily service between Burbank and Dallas Love Field; and new weekly service on Saturday's beginning June 11, 2016 will provide nonstop links between Denver and Buffalo; Charleston, S.C.; and Norfolk, Va.  Pensacola, Fla., gains new nonstop service on Saturdays to Dallas Love Field and Kansas City. Book summer vacations now at Southwest.com. FARE RULES Purchase Dec. 8--14, 2015, 11:59 p.m. in the respective time zone of the originating city. Domestic travel valid June 6 through Aug. 4, 2016.  Domestic travel blacked out June 30 through July 5, 2016.  Domestic travel is not valid on Fridays and Sundays. Fares are valid on domestic, nonstop service only. Displayed prices include all U.S. and international government taxes and fees. Points bookings do not include taxes, fees, and other government/airport charges of at least $5.60 per one way flight. Fares are not available to/from San Juan, Puerto Rico. Seats and days are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods. Travel is available for one-way Wanna Get Away® Fares. Fares may be combined with other Southwest Airlines® combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines®, so long as you cancel your reservations at least ten minutes prior to the scheduled departure of your flight. Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation. Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed. Offer applies to published, scheduled service only. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest proudly operates a network of 97 destinations across the United States and seven additional countries with more than 3,800 departures a day during peak travel season. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. *Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines Co. ... View more

Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its November and year-to-date preliminary traffic statistics. The Company flew 9.7 billion revenue passenger miles (RPMs) in November 2015, a 13.9 percent increase from the 8.6 billion RPMs flown in November 2014. Available seat miles (ASMs) increased 9.7 percent to 11.7 billion in November 2015, compared with the November 2014 level of 10.7 billion. The November 2015 load factor was a record for the month of November at 83.2 percent, compared with 80.1 percent in November 2014. Based on these results and current trends, the Company estimates its fourth quarter 2015 operating revenue per ASM (RASM) will be approximately flat to down 1.0 percent, compared with fourth quarter 2014. For the eleven months ended November 2015, the Company flew 107.5 billion RPMs, compared with 98.8 billion RPMs flown for the same period in 2014, an increase of 8.8 percent. Year-to-date 2015 ASMs increased 7.2 percent to a level of 128.4 billion, compared with 119.9 billion for the same period in 2014. The year-to-date load factor was 83.7 percent, compared with 82.4 percent for the same period in 2014. This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com. Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company's financial outlook and projected results of operations. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company's services and other changes in consumer behavior; (ii) the Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the impact of governmental regulations and other governmental actions related to the Company's operations; and (iv) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014.  Southwest Airlines Co. Preliminary Comparative Traffic Statistics NOVEMBER 2015 2014 Change Revenue passengers carried 10,041,610 9,011,648 11.4% Enplaned passengers 12,141,358 10,898,103 11.4% Revenue passenger miles (000s) 9,743,256 8,553,730 13.9% Available seat miles (000s) 11,707,019 10,674,900 9.7% Load factor 83.2% 80.1% 3.1 pts. Average length of haul 970 949 2.2% Trips flown 105,280 100,442 4.8% YEAR-TO-DATE 2015 2014 Change Revenue passengers carried 108,065,304 100,902,542 7.1% Enplaned passengers 132,203,848 124,100,764 6.5% Revenue passenger miles (000s) 107,478,910 98,810,751 8.8% Available seat miles (000s) 128,440,005 119,852,237 7.2% Load factor 83.7% 82.4% 1.3 pts. Average length of haul 995 979 1.6% Trips flown 1,159,150 1,150,952 0.7%   SOURCE Southwest Airlines Co. ... View more

Gary C. Kelly, Chairman of the Board, President & Chief Executive Officer of Southwest Airlines Co. (NYSE: LUV) makes a return visit to the Yale Club in midtown Manhattan for a moderated discussion and Q&A at the Wings Club December Luncheon.  Southwest Airlines Co. will be webcasting the audio discussion live, and a link to the webcast will be available via the Investor Relations homepage on the Southwest Airlines website.  Details of the audio webcast are as follows:  Date:      Thursday, Dec. 10, 2015 Time:        1:00pm EST (NOTE: Broadcast start will depend on flow of the luncheon.) Speaker:       Gary C. Kelly, Chairman of the Board, President & Chief Executive Officer Web Address: http://southwest.investorroom.com/ To access the live audio webcast, click on the link above, or go to www.southwest.com and click on "Investor Relations" under the "About Southwest" menu at the bottom of the page.  Upon completion of the live webcast, a replay will be available in the Investor Relations Events Calendar at http://southwest.investorroom.com/events, under Past Events. Minimum Requirements to listen to broadcast: Windows Media Player software, downloadable free from http://www.microsoft.com, and at least a 56K bps connection to the Internet.  If you experience problems listening to the webcast, click on Help in the webcast browser.   SOURCE Southwest Airlines Co. ... View more

Senior Executive Joins Airline after Resignation from Southwest Board of Directors Southwest Airlines (NYSE: LUV) today announced that Tom Nealon will join Southwest Airlines in January 2016 as Executive Vice President Strategy & Innovation. Until recently, Nealon served Southwest as a member of its Board of Directors. He was appointed to that position in 2010 and during the course of his service on the Board, he has participated on the Audit, Nominating and Corporate Governance, and Safety and Compliance Oversight committees. Nealon will report to Southwest Airlines Chairman, President, and CEO Gary Kelly. Formerly, Nealon was Group Executive Vice President of JCPenney Company, Inc. He held other leadership positions at JCPenney in Information Technology, with jcp.com, Corporate Strategy and Planning, and Digital Ventures. Nealon joined JCPenney as Executive Vice President & Chief Information Officer in 2006. "As a board member, Tom was engaged and contributed at a high level," Kelly said. "Now, with his extensive knowledge in strategy, technology, and innovation, he will serve Southwest well in this leadership position." For a photo of Nealon, please visit: www.swamedia.com/photos. Nealon earned a Bachelor of Science degree from Villanova University in Pennsylvania and a Master's degree in Business Administration from the University of Dallas. Before JCPenney, Nealon was a partner with The Feld Group, where he served in a consultant capacity as Chief Information Officer for Southwest from May 2002 to October 2006. Nealon has also served as Chief Information Officer for Frito-Lay, a division of PepsiCo. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Rink visitors encouraged to give from the Heart by donating to the Children's Hospital Colorado Southwest Airlines® (NYSE: LUV) and the Downtown Denver Partnership are pleased to welcome Mile High Residents to take a spin on the ice at the Southwest Rink at Skyline Park.  The rink opened today with Executive Director of Children's Affairs for the City and County of Denver Erin Brown, Downtown Denver Partnership CEO & President Tami Door, Children's Hospital Colorado Corporate Giving Senior Manager Kendall Cordova, and Southwest Airlines Community Affairs & Grassroots Regional Leader Jane McAtee, along with families from Children's Hospital Colorado. To celebrate the sixth anniversary of the Southwest Rink in Downtown Denver, Southwest welcomed families from the Children's Hospital Colorado to the Southwest Rink to be among the first to enjoy the freshly-frozen ice.  Southwest Airlines is proud to partner with The Children's Hospital Colorado year-round through the Medical Transportation Grant Program, and since 2010 the hospital has received more than $200,000 worth of airfare for patient travel. Southwest extended its giving Heart within the Community by encouraging Rink visitors to donate a new children/teen book for Children's Hospital Colorado throughout the entire Rink season in exchange for free skate rentals. To foster the giving spirit, Southwest Representatives donated a Santa bag full of toys and books from the hospital's holiday wish list. "Each year, the Southwest Rink at Skyline Park quickly becomes a highlight for Denver residents to kick off the winter season," said Erin Brown, Executive Director of Denver's Office of Children's Affairs. "The Rink brings together the spirit of Colorado, and our innate love for the outdoors, to meet downtown in the heart of our city. Thanks to the collaboration between the City and County of Denver, Southwest Airlines, and the Downtown Denver Partnership, Denver continues to build community and create family memories that will last a lifetime." Brown also announced at the grand opening that Denver students with the MY Denver card will receive free skate rentals at the Southwest Rink throughout the season. "Nearly 49,000 Denver residents, employees, and visitors laced up their skates last year at the Southwest Rink at Skyline Park," said Downtown Denver Partnership's CEO & President Tami Door. "The Southwest Rink is a shining example of how activation can turn Downtown's public spaces into places that people "LUV".  We thank Southwest Airlines for making this a possibility and for their continued investment in the center city." "Southwest Airlines is dedicated to becoming an integral part of the communities that we serve, and that is especially true in Denver," said Jane McAtee, Southwest Airlines Community Affairs & Grassroots Regional Leader.  "We value the people of Denver, and we're proud to offer a gathering place for the residents of the Mile High City to enjoy time together. We're looking forward to another wonderful year of outdoor events with the Downtown Denver Partnership here at the rink!" Last year, the Rink welcomed nearly 49,000 visitors to take to the ice and enjoy the festivities.  After five seasons of the Southwest Rink, more than 212,530 skaters have taken a spin on the rink, and the sixth season is expected to bring in record numbers of skaters! The Rink is located in Skyline Park next to the historic Daniels & Fisher Tower and near the intersection of 16th and Arapahoe streets. Skating will once again be FREE to the public with the option to bring skates or rent a pair for just $2. To bring some extra cheer to families visiting the Downtown Denver area this holiday season, the Rink will be open on Thanksgiving Day from 11 a.m. to 6 p.m.  For more information, hours, and programming, visit southwestrink.com The Rink is made possible by a public-private partnership among the City of Denver Parks and Recreation Department, the Downtown Denver Partnership, and Southwest Airlines. Southwest Airlines began service to Denver on Jan. 3, 2006, with 13 daily nonstop departures to three destinations.  The airline currently operates 183 daily nonstop flights to 58 destinations from Denver, including international service to Puerto Vallarta, San Jose del Cabo/Los Cabos and Cancun, Mexico.  Southwest is also actively engaged in the community through sponsorships of the Downtown Denver Partnership, the Denver Nuggets, Red Rocks Amphitheater, Concerts for Kids, Volunteers of America and many more local organizations.  Find more about Southwest's dedication to Denver here. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Southwest Airlines Co. (NYSE: LUV) Board of Directors declared a quarterly dividend of $.075 per share to Shareholders of record at the close of business on December 10, 2015 on all shares then issued and outstanding.  The 157th consecutive dividend will be paid on January 7, 2016.   SOURCE Southwest Airlines Co. ... View more

This release contains: 1 Related Document, 8 Photos, 1 Video While arriving in Orlando for a Disney vacation is plenty to be pumped about, it's even better when NBA players are at the airport to greet you and wish you a great stay in The City Beautiful. Or perhaps you're done meeting Mickey Mouse and all his friends and you are at your gate awaiting your flight back home. It would be pretty cool and memorable if a professional sports team was there to keep you company and entertain you. Well, this is what Southwest Airlines passengers at Orlando International Airport arriving from Albany, NY and passengers flying to Austin, TX experienced on Thursday, Nov. 19. The Orlando Magic's Aaron Gordon and Elfrid Payton, Magic Dancers, STUFF The Magic Mascot and other Magic staff members were at Gate 123 at the Southwest terminal to meet and greet incoming and outgoing passengers. "If I had that happen to me if I was just on a flight I would be a fan forever," Gordon said after he just finished scanning tickets during the boarding process. "It's different. It's cool to see what the staff members do on the day-to-day." The players joined forces with Southwest Airlines employees to work the scheduled flights, direct the aircraft to the terminal, assist customers at the gate podium, helped load bags into the aircraft, assist with flight safety and hand out snacks and souvenirs. Gordon and Payton even got a chance to go in the cockpit to learn the job of a pilot. "It was really fun, really amazing, so many buttons in there," Payton said with a smile about his great time on the plane. "This is good for us to get out here, meet new people and build our fan base." This was the third straight year the Magic "traded places" with Southwest employees. Last year, Tobias Harris joined in on the fun. Southwest employees also got the chance to see how the Magic do their jobs. They attended Wednesday's game against the Timberwolves and helped pump up the crowd. They also helped fly the Southwest inspired blimp around for fans to catch fun giveaways. Copy: (Credit Josh Cohen, Orlando Magic) ... View more

Southwest Airlines® (NYSE: LUV) announced today that it has received a rating of 100 from the Human Rights Campaign Foundation on the 2016 Corporate Equality Index, which earns us the distinction of being a "Best Place to Work for LGBT Equality".  The Corporate Equality Index (CEI) is a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation.    "We are proud to be recognized as a company dedicated to being a top place to work for our LGBT Employees," said Ellen Torbert, Vice President Diversity & Inclusion at Southwest Airlines. "We're committed to hiring and retaining diverse talent and we believe that one of the best ways to do that is to ensure Southwest Airlines offers industry-leading pay and best-in-class benefits to our Employees and continues to create an environment where all of our Employees feel valued and appreciated." This recognition reflects Southwest's continuous efforts to put Employees first, offer great benefits, and positively impact the communities the airline serves.  Southwest Airlines has been a longtime supporter of the LGBT community and is proud of the continued community relationships it has with organizations that are working hard to make a positive difference in the lives of the LGBT community.  The 2016 CEI rated 1,027 businesses in the report, which evaluates LGBT-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBT community. Southwest's efforts in satisfying all of the CEI's criteria results in a 100 percent ranking and the designation as a Best Place to Work for LGBT Equality. For more information on the 2016 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei. ABOUT HRC The Human Rights Campaign is America's largest civil rights organization working to achieve lesbian, gay, bisexual and transgender equality. By inspiring and engaging all Americans, HRC strives to end discrimination against LGBT citizens and realize a nation that achieves fundamental fairness and equality for all. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Southwest Airlines Co. (NYSE: LUV) today filed a complaint with the Federal District Court in Dallas, Texas, against the Transport Workers Union (TWU 555) for violating provisions of the Railway Labor Act. On Wednesday, Ground Operations, Provisioning, and Cargo Agents in Burbank, Ontario, and Los Angeles failed to report for work as ongoing contract negotiations continue. The suit contends TWU helped organize and support the effort with the intention of disrupting Southwest flight operations. The Company said that Union representatives distributed notices about the event and that TWU is responsible for the work action.  Southwest enacted contingency plans and experienced no major systemwide disruptions. Negotiations between Southwest and the TWU began in 2012 and are currently under the guidance of the National Mediation Board. Southwest will have no further commentary on this pending, legal matter. #     #     #   ... View more

Southwest Airlines® (NYSE: LUV) announced today several Leadership changes among the Company's deep bench of top talent.  The changes present opportunities for both promotions and new challenges for current Southwest Leaders, as the carrier continues its focus on delivering world-class Reliability and Hospitality.      Craig Drew, previously Vice President, Flight Operations, has been promoted to a new position as Senior Vice President, Air Operations.  This position will consolidate oversight of all the operating teams associated with moving aircraft including Flight Operations, Cabin Services, the Network Operations Control Center (NOC), and Regulatory Programs & Compliance. Alan Kasher, previously Managing Director, Regulatory Programs & Compliance, has been promoted to the Vice President, Flight Operations. Mike Hafner, previously Vice President, Cabin Services, will shift his focus and assume a newly created role of Vice President, Customer Services. Sonya Lacore has been promoted to Vice President, Cabin Services, and will report to Craig Drew.  Sonya was previously Senior Director, Onboard Experience and Support.    "As our business has evolved and grown more complex over time, it's more important than ever that we have the best support possible to provide the foundation and flexibility that will enable Southwest Airlines' success well into the future," said Mike Van de Ven, Southwest Airlines Executive Vice President and Chief Operating Officer.  "We have several large-scale Company-wide initiatives underway that are crucial to our future success, and I'm so proud to have such a talented and experienced group of Leaders to lead the way."  ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Ginger C. Hardage, Southwest Airlines Senior Vice President, Culture & Communications, announced her retirement from the carrier, effective Dec. 31, 2015. As the senior leader overseeing Culture & Communication at Southwest—the nation's largest airline in terms of originating domestic passengers boarded—Hardage championed the airline's communication and outreach evolution, including Southwest's Companywide Emergency Response effort, expanding the communication functions to include more robust internal communications capabilities and a social business effort, and a focused corporate philanthropy program.  For the past seven years, she also led the airline's Culture Committee, Employee recognition and engagement, and the Companywide celebrations.  She was a member of various executive committees and led Southwest's "Best Place to Work" initiative. "Ginger has been a joy to work with, and she has made countless contributions to Southwest," said Gary Kelly, Southwest's Chairman, President, and CEO. "She has been an invaluable business partner, advisor, and mentor. She brings constant, positive energy and enthusiasm to all those around her, and that is infectious. She has built superb Teams that we are both very proud of, and that I know will continue her special brand of excellence." "Working for Southwest Airlines truly has been a 'dream job' because of the People of this great airline and the values that drive the Company's Customer-friendly decisions," Hardage said.  "The leadership team has grown and transformed the airline while staying true to its Purpose.  The future never looked brighter and the Culture and Communication Leaders are ready to soar." With Hardage's retirement, the airline's Culture team and programs will report to Teresa Laraba, Southwest's Senior Vice President of Customers and Culture. Linda Rutherford, Vice President, Chief Communications Officer, will now report to Southwest Chairman, President, and CEO Gary Kelly and assume responsibility for the Employee Engagement & Travel teams in addition to her leadership of the Communication and Outreach teams. Hardage joined the airline in December 1990 as the Director of Public Relations and moved to several senior leadership positions before being named the SVP of Culture & Communications in August 2005.  Prior to joining Southwest, Hardage worked at Maxus Energy Corporation and its predecessor, Diamond Shamrock Corporation, holding a variety of public relations positions, including director of communications. She began her career in Dallas with Life Insurance Company of the Southwest in marketing communications, immediately following graduation from Texas Tech University. Hardage has received numerous recognitions for her contributions to the communications profession, including being named to PR Week's "Top 50 Power List" for 2011 through 2014.  On Dec. 7, 2015, she will be inducted into PR Week's Public Relations Hall of Fame during a ceremony and awards dinner in New York City.  In 2010, Hardage was named one of the 50 Most Powerful Women in Public Relations and one of Texas' Most Powerful and Influential Women.  In 2002, under her leadership, the Southwest Team was named the best Corporate PR Team in the nation by PR Week. Hardage currently serves on the International Board of Trustees for the Ronald McDonald House Charities, is President of the Trinity Commons Foundation and is on the boards of the Arthur Page Society and Trinity Trust.  She previously served on advisory boards of Novartis in Basel, Switzerland; Business Civic Leadership Center, an affiliate of the U.S. Chamber of Commerce; Big Brothers and Sisters of Metropolitan Dallas; Southwest Cares; and the Council of Public Relations Firms. She is a past president of the Dallas Chapter of the International Association of Business Communications; a past member of the Southern Methodist University Public Relations advisory board; and formerly on the Texas Tech Rawls College of Business advisory board. Hardage is an avid public speaker at universities and organizations ranging from Google to Princeton University on topics related to "Building a Brand from the Inside Out." ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. *Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Fares as low as $79 one-way! Southwest Airlines (NYSE: LUV) is bringing not one, but two daily flights from Baltimore/Washington to Minneapolis/St. Paul. The new, twice-daily, nonstop service begins on April 12, 2016, with fares as low as $79 one-way. Purchase Nov.9 through Nov. 19, 2015, 11:59 p.m. in the respective time zone of the originating city. Travel April 12 through May 26, 2016. Travel is not valid on Fridays and Sundays. Fares are valid on nonstop, domestic service only. Displayed prices include all U.S. government taxes and fees. Points bookings do not include September 11th Security Fee of $5.60 per one-way flight. Seats and days are limited. See additional and complete fare rules below. "At Southwest the bare facts are simply that two checked bags*, airport check-in, carry-on bags, ticket changes*, non-alcoholic drinks, and of course snacks are NOT so-called optional services, "said Andrew Watterson, Southwest Airlines Senior Vice President of Network and Revenue Management. "We believe that it's not in the holiday spirit to charge bag fees for the first two checked bags*, much less even higher bag fees, during the holiday season." These new flights bring even more access to Customers flying from the Twin Cities with one-stop connections and same-plane service to more than 60 nonstop destinations served from Baltimore/Washington International Thurgood Marshall Airport. These include flights to the Caribbean and Latin America, including Southwest's newest destination, Liberia, Costa Rica. Book these low fares at Southwest.com. FARE RULES Purchase Nov.9 through Nov. 19, 2015, 11:59 p.m. in the respective time zone of the originating city. Travel April 12 through May 26, 2016. Travel is not valid on Fridays and Sundays. Fares are valid on nonstop, domestic service only. Displayed prices include all U.S. government taxes and fees. Points bookings do not include September 11th Security Fee of $5.60 per one-way flight. Seats and days are limited. Fares may vary by destination, flight, and day of week and won't be available on some flights that operate during very busy travel times and holiday periods.  Travel is available for one-way Wanna Get Away® Fares. Fares may be combined with other Southwest Airlines® combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines®, so long as you cancel your reservations at least ten minutes prior to the scheduled departure of your flight.  Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation.   Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare. Fares are subject to change until ticketed.  Offer applies to published, scheduled service only. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. *Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its October and year-to-date preliminary traffic statistics. The Company flew 10.0 billion revenue passenger miles (RPMs) in October 2015, a 10.8 percent increase from the 9.0 billion RPMs flown in October 2014. Available seat miles (ASMs) increased 7.2 percent to 11.6 billion in October 2015, compared with the October 2014 level of 10.8 billion. The October 2015 load factor was a record for the month of October at 85.9 percent, compared with 83.1 percent in October 2014. Based on these results and current trends, the Company continues to estimate its fourth quarter 2015 operating revenue per ASM (RASM) will increase approximately 1.0 percent, compared with fourth quarter 2014. For the first ten months of 2015, the Company flew 97.7 billion RPMs, compared with 90.3 billion RPMs flown for the same period in 2014, an increase of 8.3 percent. Year-to-date 2015 ASMs increased 6.9 percent to a level of 116.7 billion, compared with 109.2 billion for the same period in 2014. The year-to-date load factor was 83.7 percent, compared with 82.7 percent for the same period in 2014. This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com. Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company's financial outlook and projected results of operations. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) changes in demand for the Company's services and other changes in consumer behavior; (ii) the Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iii) the impact of governmental regulations and other governmental actions related to the Company's operations; and (iv) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014. Southwest Airlines Co. Preliminary Comparative Traffic Statistics OCTOBER 2015 2014 Change Revenue passengers carried 10,220,937 9,288,089 10.0% Enplaned passengers 12,527,345 11,500,692 8.9% Revenue passenger miles (000s) 9,963,747 8,989,543 10.8% Available seat miles (000s) 11,599,152 10,820,718 7.2% Load factor 85.9% 83.1% 2.8 pts. Average length of haul 975 968 0.7% Trips flown 105,690 104,279 1.4% YEAR-TO-DATE 2015 2014 Change Revenue passengers carried 98,023,694 91,890,894 6.7% Enplaned passengers 120,062,490 113,202,661 6.1% Revenue passenger miles (000s) 97,735,654 90,257,021 8.3% Available seat miles (000s) 116,732,987 109,177,336 6.9% Load factor 83.7% 82.7% 1.0 pts. Average length of haul 997 982 1.5% Trips flown 1,053,870 1,050,510 0.3%     SOURCE Southwest Airlines Co. ... View more

Southwest Airlines® (NYSE: LUV) announced today it has been recognized as one of the Top 100 Military Friendly Employers by Victory Media, publisher of G.I. Jobs® and Military Spouse. This is Southwest's seventh consecutive year on the list (2010-2016). "We are proud to be recognized as a Top Military Friendly Employer for the seventh year in a row," said Julie Weber, Vice President People at Southwest Airlines. "We're committed to hiring and retaining veterans, who currently make up 13 percent of our Southwest Family. We value the traits veterans typically bring to the workforce, including leadership skills, a hardworking attitude, and a warrior spirit." This award recognizes Southwest's continuous efforts to hire and retain the nation's military members. Southwest actively seeks military talent through various recruitment efforts such as career fairs and military job boards. The airline partners with many organizations to help veterans transition from the military and find meaningful employment. Military Friendly Employers is in its 13 th year of providing employment information for transitioning military service members and spouses. Criteria for the survey included a benchmark score across key programs and policies, such as the strength of company military recruiting efforts, percentage of new hires with prior military service, retention programs for veterans, and company policies on National Guard and Reserve service. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Southwest Airlines (NYSE: LUV) today announced that its Pilots have rejected the tentative contract agreement that Union and Company negotiators reached in September. According to the Southwest Airlines Pilots Association, 62 percent of Pilots who cast ballots voted against the deal. "Everyone who worked on this agreement wanted to ensure that it recognized Southwest Pilots for the role they play in the Company's success," said Vice President of Flight Operations Craig Drew. "Although our efforts failed to produce an agreement, we will continue working until we have a contract that meets the needs of our Pilots and the Company." The Negotiating Committees will resume discussions subject to the schedule and guidance of the National Mediation Board (NMB). The Company expects mediated discussions to resume in the spring of 2016. Southwest Pilots will continue working under their existing contract until a new agreement is reached. Union and Company negotiators have been in contract discussions for more than three years and in mediated talks since November 2014. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 97 destinations across the United States and seven additional countries. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity while over the United States.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

Southwest Airlines brings new routes across the country and extends flight schedule through early June 2016 with fares starting as low as $49 One-Way!* This release contains: 1 Related Document Southwest Airlines (NYSE: LUV) is getting in the spirit of springtime as the airline extends its bookable flight schedule from April 12 through June 3, 2016, bringing more nonstop service between longtime Southwest cities just in time for spring vacations. Beginning April 12, 2016, Southwest will begin offering new nonstop service between: Grand Rapids, Mich. and Chicago (Midway) with fares as low as $49 one-way Greenville-Spartanburg, S.C. and Atlanta with fares as low as $49 one-way Flint, Mich. and Chicago (Midway) with fares as low as $59 one-way Dayton, Ohio and Chicago (Midway) with fares as low as $59 one-way St. Louis and Des Moines, Iowa with fares as low as $65 one-way St. Louis and Wichita, Kan with fares as low as $65 one-way St. Louis and Pittsburgh* with fares as low as $69 one-way Wichita, Kan. and Phoenix with fares as low as $99 one-way New York (Newark) and Orlando, Fla with fares as low as $99 one-way Las Vegas and New York (Newark) with fares as low as $149 one-way Purchase from Oct. 27 through Nov. 2, 2015, 11:59PM in the respective time zone of the originating city. Travel April 12 through May 25, 2016. Travel between Pittsburgh and St. Louis valid March 10 through May 25, 2016. Travel is not valid on Friday and Sundays.  Travel to and from Florida or Nevada is valid only on Tuesdays and Wednesdays. Fares are valid on nonstop service only. Displayed prices include all U.S. and international government taxes and fees. Points bookings do not include September 11 th Security Fee of $5.60 per one-way flight. Seats and days are limited. See additional and complete fare rules below *Starts March 10, 2016 In addition to the new routes on April 12, 2016, Southwest will begin offering year-round nonstop service between St. Louis and Seattle, previously offered seasonally. All of the new routes will bring better opportunities for more Southwest Customers to reach destinations more quickly across the carrier's expansive network which now includes 96 destinations across the United States, Latin America, and the Caribbean. FARE RULES Purchase from Oct. 27 through Nov. 2, 2015, 11:59PM in the respective time zone of the originating city. Travel April 12 through May 25, 2016. Travel between Pittsburgh and St. Louis valid March 10 through May 25, 2016. Travel is not valid on Friday and Sundays.  Travel to and from Florida or Nevada is valid only on Tuesdays and Wednesdays. Fares are valid on nonstop service only. Displayed prices include all U.S. and international government taxes and fees. Points bookings do not include September 11 th Security Fee of $5.60 per one-way flight. Seats and days are limited. Fares may vary by destination, flight, and day of the week and won't be available on some flights that operate during very busy travel times and holiday periods. Travel is available for Wanna Get Away® Fares. Fares may be combined with other Southwest Airlines combinable fares. If combining with other fares, the most restrictive fare's rules apply. Sale fares may be available on other days of week, but not guaranteed. Fares are nonrefundable but may be applied toward future travel on Southwest Airlines®, so long as you cancel your reservations at least ten minutes prior to the scheduled departure of your flight.  Failure to cancel prior to departure will result in forfeiture of remaining funds on the reservation.   Any change in itinerary may result in an increase in fare. Standby travel requires an upgrade to the Anytime Fare®. Fares are subject to change until ticketed.  Offer applies to published, scheduled service only. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 96 destinations across the United States and seven additional countries.  Subject to foreign government approval, service to Liberia, Costa Rica, is scheduled to begin Nov. 1, 2015. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity while over the United States.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency℠, a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free®  to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more

The People of Southwest Airlines (NYSE: LUV) Cargo are celebrating by taking home one of the industry's leading awards. Logistics Management once again awarded the Texas-based airline its Quest for Quality Award. This is the 19th consecutive year Southwest has taken home the award. "Our amazing People continue to double-down on efforts to provide Reliability and Hospitality by embracing the value of Teamwork," said Matt Buckley, Southwest Airlines Vice President of Cargo and Charters. "I'm very proud of our Cargo, Ramp, and Operations Teams as they continue to connect our Customers to what's important in their lives with relentlessly reliable service."   For more than 30 years, Logistics Management's Quest for Quality has been highly regarded as the standard measure of customer satisfaction and performance excellence. "What makes the Quest for Quality Awards stand out in the market is the fact that the winners are determined by the readers of Logistics Management—the buyers of logistics and transportation services who put these carriers and service providers to work around the clock and around the globe," said Michael Levans, Group Editorial Director of Peerless Media, LLC., the publisher of Logistics Management. ABOUT SOUTHWEST AIRLINES CO. In its 45th year of service, Dallas-based Southwest Airlines (NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 48,000 Employees to more than 100 million Customers annually.  Southwest operates more than 3,600 flights a day, serving 96 destinations across the United States and seven additional countries.  Subject to foreign government approval, service to Liberia, Costa Rica, is scheduled to begin Nov. 1, 2015. Based on the U.S. Department of Transportation's most recent data, Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded. The Company operates the largest fleet of Boeing aircraft in the world, the majority of which are equipped with satellite-based WiFi providing gate-to-gate connectivity while over the United States.  That connectivity enables Customers to use their personal devices to access streaming music provided by Apple Music or to view video on-demand movies and television shows, as well as nearly 20 channels of free, live TV compliments of our valued Partners. Southwest created Transfarency SM , a philosophy which treats Customers honestly and fairly, and in which low fares actually stay low. Southwest is the only major U.S. airline to offer bags fly free® to everyone (first and second checked pieces of luggage, size and weight limits apply, some airlines may allow free checked bags on select routes or for qualified circumstances), and there are no change fees, though fare differences might apply. In 2014, the airline proudly unveiled a bold new look:  Heart.  The new aircraft livery, airport experience, and logo, showcase the dedication of Southwest Employees to connect Customers with what's important in their lives. From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect," a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.  With 42 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. The 2014 Southwest Airlines One Report™ can be found at SouthwestOneReport.com. Book Southwest Airlines' low fares online at Southwest.com or by phone at 800-I-FLY-SWA.   SOURCE Southwest Airlines ... View more