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.

WEST PALM BEACH, Fla., Sept. 10, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), today released the following statement on behalf of Partner John Pike and Portfolio Manager Bobby Xu regarding Southwest Airlines Co. (NYSE: LUV) ("Southwest") and the actions announced today – including the resignation of seven directors:

We learned yesterday, which was made public today, that nearly half of Southwest's Board of Directors had decided to resign based on shareholder feedback. In our experience, this is unprecedented.

Six Directors to Retire in November; Gary Kelly to Retire Immediately After 2025 Annual Meeting 

Board Intends to Appoint Four New Independent Directors, Potentially Including Candidates Proposed by Elliott Investment Management L.P., in Near Term

Board Eliminates Executive Committee Structure and Creates New Finance Committee; New Committee Chairs and Lead Independent Director to be Named

Board Reiterates Support for Bob Jordan as CEO

Southwest Airlines Intends to Continue Engagement Toward a Collaborative Resolution with Elliott Investment Management L.P.

DALLAS, Sept. 9, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) and the International Brotherhood of Teamsters (IBT) Local 19, which represents the airline's Flight Simulator Technicians, have reached a Tentative Agreement for a new collective bargaining agreement.

"Our Flight Simulator Technicians help keep our flight training facility operating nearly 24 hours a day and play a pivotal role in Southwest's mission to support a safe and reliable operation," said Adam Carlisle, Vice President Labor Relations at Southwest Airlines®. "I am pleased they will have the opportunity to vote on a new contract."

Airline achieves 100 percent completion factor on Labor Day

DALLAS, Sept. 3, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) closed out summer travel with zero cancellations on Labor Day, highlighting yet another reliable operation during the airline's peak season.

"I'm so proud of our Employees for staying focused on Safety and running a great operation this Labor Day, and all summer long," said Bob Jordan, President, CEO & Vice Chairman of the Board of Directors at Southwest Airlines. "It's further evidence of the progress we're making. We are pleased with the operational results and pleased with the travel demand we continue to see in the third quarter, thus far."

DALLAS, Sept. 3, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announces the return of its highly-coveted Companion Pass® promotion. The airline's Companion Pass allows Rapid Rewards®1 Members to designate one person to fly with them for free2 every time the Member purchases or redeems points for a flight.

"We love offering this Companion Pass promotion because it allows our Members to experience one of the many benefits of our award-winning Rapid Rewards program," said Jennifer Bridie, Vice President of Marketing at Southwest Airlines. "Earlier this year, we launched Cash + Points, giving our Customers extra flexibility to make their points go further. And now, for the first time, Members can use their Rapid Rewards points, a combination of cash and points, or other eligible forms of payment to book qualifying flights that count toward this Companion Pass promotion."

Members have four opportunities to achieve tier status faster through Dec. 31, 2025

DALLAS, Aug. 28, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) announces the return of its limited-time tier acceleration promotion, making it easier for Southwest Rapid Rewards® Members to earn tier status through 2025. Starting today, Rapid Rewards®1 Members have four opportunities to accelerate their way to the highly coveted A-List or A-List Preferred tier status: qualifying flight purchases, qualifying flight purchases with Rapid Rewards points, Southwest Rapid Rewards Credit Cards from Chase purchases, and Rapid Rewards partner spend. Visit Southwest.com® for the full list of terms and conditions.

Reiterates Framework for a Comprehensive Solution at Southwest

Calls for Southwest Board to Put Company's Best Interests Ahead of Leadership's Personal Interests

Full Letter Available at StrongerSouthwest.com

WEST PALM BEACH, Fla., Aug. 26, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment representing an approximately 11% economic interest in Southwest Airlines Co. (NYSE: LUV) (the "Company" or "Southwest"), today sent an open letter to the shareholders of Southwest.

DALLAS, Aug. 22, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) extended its flight schedule today, allowing Customers to book travel through April 7, 2025. The airline is offering Customers new flight options including more international service and additional flights to get Customers to their favorite football games. The extended schedule also includes additional seasonal and redeye flying.

Airline Veteran to Guide Pricing and Yield Management in Carrier's Revenue Organization

DALLAS, Aug. 21, 2024 /PRNewswire/ - Southwest Airlines Co. (NYSE: LUV) has appointed Tim Lyon to a new role as Vice President Pricing, where he is focusing additional attention on the carrier's yield and pricing discipline. Lyon brings more than two decades of airline industry experience and will oversee the carrier's Pricing Department, coordinating closely with business units that guide Revenue Management and Sales.