Southwest Airlines Reports October Traffic

Southwest Airlines Co. (NYSE: LUV)
announced today that the Company flew 3.7 billion revenue passenger miles
(RPMs) in October 2001, approximately the same RPMs flown in October 2000.
Available seat miles (ASMs) increased 8.9 percent to 5.8 billion from the
October 2000 level of 5.3 billion.  The load factor for the month was
63.7 percent, compared to 70.0 percent for the same period last year.
Although well behind year ago levels, October revenues continue to improve
since the September 11 terrorist attacks.  For the week ended October 28,
2001, estimated passenger revenue yield per RPM was $.1096 and estimated
passenger revenue per ASM was $.0711.  These weekly results were 15.9 and
23.0 percent, respectively, below the year ago period.
For the ten months ended October 31, 2001, Southwest flew 37.4 billion
RPMs, compared to the 35.1 billion RPMs recorded for the same period in 2000,
an increase of 6.6 percent.  Available seat miles increased 9.8 percent to
54.3 billion from the 2000 level of 49.5 billion.  The year-to-date load
factor was 68.8 percent, compared to 70.9 percent for the same period last