Southwest Airlines Reports August Traffic

DALLAS, Sept. 4 /PRNewswire-FirstCall/—Southwest Airlines Co.
(NYSE: LUV) announced today that the Company flew 4.3 billion revenue
passenger miles (RPMs) in August 2002, compared to 4.4 billion RPMs flown in
August 2001.  Available seat miles (ASMs) increased 3.5 percent to 6.0 billion
from the August 2001 level of 5.8 billion.  The load factor for the month was
72.7 percent, compared to 75.8 percent for August 2001.

James F. Parker, Vice Chairman and Chief Executive Officer, stated:
“Revenue trends have not improved as we continue to experience weak full fare
Customer demand.  At present, bookings for September 2002 are also weak, as
compared to historical levels.”

For the eight months ended August 31, 2002, Southwest flew 31.1 billion
RPMs, approximately the same RPMs flown during the first eight months of 2001.
Available seat miles increased 4.2 percent to 45.6 billion from the 2001 level
of 43.7 billion.  The year-to-date load factor was 68.1 percent, compared to
71.2 percent for the same period last year.

This press release, as well as past releases, can be accessed on the
Southwest Airlines internet site at: .