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SOUTHWEST AIRLINES REPORTS JUNE TRAFFIC

pberg
Frequent Flyer B

          DALLAS, TEXAS – July 2, 2008-- Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 6.9 billion revenue passenger miles (RPMs) in June 2008, a 0.7 percent increase from the 6.8 billion RPMs flown in June 2007.  Available seat miles (ASMs) increased 5.7 percent to 8.8 billion from the June 2007 level of 8.3 billion.  The load factor for the month was 78.2 percent, compared to 82.1 percent for the same period last year.

            For the second quarter 2008, Southwest flew 19.8 billion RPMs, compared to the 19.0 billion RPMs recorded for the same period of 2007, an increase of 4.2 percent.  Available seat miles increased 5.4 percent to 26.3 billion from the second quarter 2007 level of 25.0 billion.  The second quarter 2008 load factor was 75.2 percent, compared to 76.1 percent for the same period last year.

            For the first half of 2008, Southwest flew 37.4 billion RPMs, compared to the 35.1 billion RPMs recorded for the same period in 2007, an increase of 6.5 percent.  Available seat miles increased 5.9 percent to 51.5 billion from the 2007 level of 48.7 billion.  The year-to-date load factor was 72.6 percent, compared to 72.2 percent for the same period last year.

            This release, as well as past news releases on Southwest, are available online at southwest.com.