Southwest Airlines Reports June Traffic

3rd Jul 2002

DALLAS, July 2 /PRNewswire-FirstCall/—Southwest Airlines Co.(NYSE: LUV) announced today that the Company flew 4.2 billion revenue
passenger miles (RPMs) in June 2002, a 4.0 percent increase from the
4.0 billion RPMs flown in June 2001.  Available seat miles (ASMs) increased
5.3 percent to 5.7 billion from the June 2001 level of 5.4 billion.  The load
factor for the month was 73.5 percent, compared to 74.4 percent for the same
period last year.

James F. Parker, Vice Chairman and Chief Executive Officer, stated:
“Although June`s load factor performance was satisfactory, our revenue yield
per RPM continued to fall significantly below year ago levels.”

For the second quarter 2002, Southwest flew 12.0 billion RPMs, compared to
the 11.8 billion RPMs recorded for the same period of 2001, an increase of
1.8 percent.  Available seat miles increased 4.4 percent to 17.2 billion from
the second quarter 2001 level of 16.4 billion.  The second quarter 2002 load
factor was 69.9 percent, compared to 71.7 percent for the same period last

For the first half of 2002, Southwest flew 22.4 billion RPMs, slightly
lower than the 22.5 billion RPMs recorded for the same period in 2001.
Available seat miles increased 4.3 percent to 33.7 billion from the 2001 level
of 32.3 billion.  The year-to-date load factor was 66.5 percent, compared to
69.5 percent for the same period last year.

This press release, as well as past releases on Southwest, are available
online at .




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