SOUTHWEST AIRLINES ANNOUNCES FINAL LABOR CONTRACT RATIFIED

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Sep 16, 2024, 07:00 ET

Flight Simulator Technicians Approve New Contract;
All Labor Contracts Now Successfully Ratified

DALLAS, Sept. 16, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the International Brotherhood of Teamsters (IBT) Local 19 today announced the airline's Flight Simulator Technicians have voted in favor of their new contract.

Southwest Airlines^®has more than 50 Flight Simulator Technicians who provide maintenance and engineering support for the Company's flight training equipment. The new contract includes increased pay rates, a new Simulation Engineer classification, and maternity and parental leave for eligible Employees. It becomes amendable in September 2028.

"Our Flight Simulator Technicians have a critical role in supporting a safe and reliable operation," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines. "I am proud of the work by so many People to help us reach this agreement, as well as the agreements with every one of our union-represented workgroups in the past two years. I look forward to partnering with our unions as we focus on the future."

With this result, all the airline's labor contracts are now closed. Since October 2022, each of the 12 union-represented workgroups, that collectively represent approximately 83% of Southwest^®Employees, have ratified new contracts.

"At Southwest, we pride ourselves in nurturing an Employee-first Culture, and one of the ways we do that is through the pay and benefits we provide to all of our Employees," said Bob Jordan, President, Chief Executive Officer, and Vice Chairman of the Board of Directors at Southwest Airlines. "We are extremely pleased that all of our union-represented workgroups now have contracts in place to provide for their futures while we continue our work to build a sustainable and profitable future for the airline, our Employees, and all of our Shareholders."

ABOUT SOUTHWEST AIRLINES CO.  
Southwest Airlines Co. operates one of the world's most admired and awarded airlines, offering its one- of-a-kind value and Hospitality at 117 airports across 11 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline¹. Based in Dallas and famous for an Employee-first corporate Culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By empowering its more than 74,000² People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 137 million Customers carried in 2023. That formula for success has brought industry-leading prosperity and 47 consecutive years³of profitability for Southwest Shareholders (NYSE: LUV). Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship. As the airline with Heart, Southwest has set a goal to work toward achieving net zero carbon emissions by 2050⁴. Southwest has also set near-term targets and a three-pillar strategy to achieve its environmental goals. Learn more by visiting Southwest.com/planet.

Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey since Q1 2021  
Fulltime-equivalent active Employees       
1973-2019 annual profitability     
Our net zero by 2050 goal includes Scope 1, Scope 2, and Scope 3 Category 3 emissions only and excludes any emissions associated with non-fuel products and services, such as inflight service items.

SOURCE Southwest Airlines Co.