Southwest Airlines Corporation

Southwest Airlines CorporationIn 2001, Southwest Airlines Corporation’s (Southwest) year-end results marked 29consecutive years of profitability. Southwest, which was incorporated in Texas,commenced customer service on June 18, 1971, with three Boeing 737 aircraft servingthree Texas cities: Dallas, Houston, and San Antonio. The company grew to becomethe fourth largest U.S. airline (in terms of domestic customers carried). In 2002, itboasted a fleet of 366 Boeing 737 jets. Southwest was the United States’ only majorshort-haul, low-fare, high-frequency, point-to-point carrier. (Refer to Exhibit 1 forfive-year financial highlights.)Southwest Airlines CorporationIn 2001, Southwest Airlines Corporation’s (Southwest) year-end results marked 29consecutive years of profitability. Southwest, which was incorporated in Texas,commenced customer service on June 18, 1971, with three Boeing 737 aircraft servingthree Texas cities: Dallas, Houston, and San Antonio. The company grew to becomethe fourth largest U.S. airline (in terms of domestic customers carried). In 2002, itboasted a fleet of 366 Boeing 737 jets. Southwest was the United States’ only majorshort-haul, low-fare, high-frequency, point-to-point carrier. (Refer to Exhibit 1 forfive-year financial highlights.)

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