Southwest Airlines Reports November Traffic

DALLAS, Dec. 7, 2016 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its November and year-to-date preliminary traffic statistics.

The Company flew 10.4 billion revenue passenger miles (RPMs) in November 2016, an increase of 7.2 percent from the 9.7 billion RPMs flown in November 2015. Available seat miles (ASMs) increased 4.9 percent to 12.3 billion in November 2016, compared with November 2015 ASMs of 11.7 billion. The November 2016 load factor was a record for the month of November at 85.1 percent, compared with 83.3 percent in November 2015. Based on these results and current trends, the Company continues to expect its fourth quarter 2016 operating revenue per ASM (RASM) to decline in the 4.0 to 5.0 percent range, as compared with fourth quarter 2015.

This release, as well as past news releases about Southwest Airlines Co., is available online at Southwest.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to the Company's financial outlook and projected results of operations. 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) changes in demand for the Company's services and other changes in consumer behavior; (ii) the impact of economic conditions, fuel prices, actions of competitors, and other factors beyond the Company's control, on the Company's business; (iii) the Company's ability to timely and effectively maintain the necessary information technology systems and infrastructure to support its operations and initiatives; (iv) the impact of governmental regulations and other governmental actions related to the Company's operations; (v) the impact of labor matters on the Company's business; and (vi) 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, 2015.

Southwest Airlines Co.
Preliminary Comparative Traffic Statistics

NOVEMBER
	2016	2015	Change
Revenue passengers carried	10,706,597	10,041,610	6.6%
Enplaned passengers	12,920,523	12,141,358	6.4%
Revenue passenger miles (000s)	10,442,859	9,743,256	7.2%
Available seat miles (000s)	12,274,065	11,702,499	4.9%
Load factor	85.1%	83.3%	1.8 pts.
Average length of haul	975	970	0.5%
Trips flown	108,860	105,280	3.4%

YEAR-TO-DATE
	2016	2015	Change
Revenue passengers carried	114,158,606	108,065,304	5.6%
Enplaned passengers	138,895,109	132,203,848	5.1%
Revenue passenger miles (000s)	114,352,579	107,478,910	6.4%
Available seat miles (000s)	135,876,264	128,433,137	5.8%
Load factor	84.2%	83.7%	0.5 pts.
Average length of haul	1,002	995	0.7%
Trips flown	1,199,384	1,159,150	3.5%