Southwest Airlines (LUV) Reports February Traffic

Southwest Airlines Co. (NYSE: LUV) announced that the Company flew 4.8 billion revenue passenger miles (RPMs) in February 2007, a 3.3% increase from the 4.7 billion RPMs flown in February 2006. Available seat miles (ASMs) increased 6.0% to 7.3 billion from the February 2006 level of 6.8 billion. The load factor for the month was 66.8%, compared to 68.5% for the same period last year.

Gary C. Kelly, CEO, stated: "Our February 2007 load factor fell 1.7 points compared to last year due to softer demand, which we believe was impacted by inclement winter weather conditions, primarily in the Northeast and Midwest regions of our system. Bookings for March are a little soft, suggesting our March 2007 load factor may fall below last year's record load factor of 75.5%."

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