Southwest Airlines Announces 20 Firm Boeing 737-800 Deliveries in 2012

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Dec 15, 2010, 01:32 ET

DALLAS, Dec. 15, 2010 /PRNewswire-FirstCall/ -- Today, Gary Kelly, Southwest Airlines Chairman, President, and CEO spoke at the Wings Club in New York City and shared additional details on introducing the Boeing 737-800 to the Southwest fleet.

Kelly announced the Company will substitute 20 of its 737-700 orders for -800s, with the first delivery scheduled for March 2012. With both its Pilots' and Flight Attendants' Unions ratifying their contracts to add the -800 to their current collective bargaining agreements, the Company is continuing to finalize discussions with the Boeing Company regarding substitutions of the -800s for the -700 positions, and configuration and equipage options.

"The -800 represents many exciting opportunities for our Employees and our Customers," Kelly said. "We are looking to the future and the -800 sets the stage to bring more destinations into the realm of possibilities for Southwest, to operate a more economical aircraft, and to offer better scheduling flexibility in high-demand, slot-controlled, or gate-restricted markets."

The current plan is to deliver these 20, 737-800 aircraft in full Extended-range Twin-engine Operational Performance Standards (ETOPS) configuration. The current configuration also includes the Boeing Company's Sky Interior that offers a quieter cabin, improved operational security features, and LED reading and ceiling lighting.

After nearly 40 years of service, Southwest Airlines (NYSE: LUV) continues to differentiate itself from other low fare carriers--offering a reliable product with exemplary Customer Service. Southwest Airlines is the nation's largest carrier in terms of originating domestic passengers boarded, now serving 69 cities in 35 states. Southwest also is one of the most honored airlines in the world known for its commitment to the triple bottom line of Performance, People, and Planet. To read more about how Southwest is doing its part to be a good citizen, visit southwest.com/cares to read the Southwest Airlines One Report™. Based in Dallas, Southwest currently operates more than 3,100 flights a day and has nearly 35,000 Employees systemwide.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements related to Southwest's plans and expectations regarding the introduction of the Boeing 737-800 to its fleet. These statements are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the Company's current intent, expectations, and projections and are not guarantees of future performance. These statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the impact of fuel prices and economic conditions on the Company's overall business plan and strategies; (ii) consumer demand for air travel; (iii) actions of competitors, including without limitation pricing, scheduling, and capacity decisions, and consolidation and alliance activities; (iv) the impact of governmental regulations on the Company's operations; and (v) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2009, and under the heading "Forward-looking statements" in the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2010, June 30, 2010, and September 30, 2010.

www.southwest.com

SOURCE Southwest Airlines