Southwest Airlines Co., is followed by the analysts listed below. This list may not be complete and is subject to change as firms add or delete coverage of Southwest Airlines Co. Please note that the content of analysts' reports and any opinions, estimates or forecasts regarding Southwest Airlines' performance made by these analysts are theirs alone and do not represent statements, opinions, estimates or forecasts of Southwest Airlines or its management. Southwest Airlines does not endorse, adopt or concur with any analysts' report or any statements, opinions, estimates or forecasts contained therein. Moreover, Southwest Airlines does not and will not distribute copies of analysts' reports to Investors or other persons.

Firm Analyst Phone Avondale Partners, LLC Bob McAdoo 913-766-9884 Bank of America Securities - Merrill Lynch Michael Linenberg 212-449-7170 Barclays Capital Gary Chase 212-526-5752 Citi Investment Research Will Randow 212-816-1939 Imperial Capital Kim Zotter 212-351-9780 J. P. Morgan Securities Inc Jamie Baker 212-622-6713 Jesup & Lamont Helane R. Becker 212-918-0478 Morgan Stanley & Company, Inc Bill Greene 212-761-8017 Next Generation Equity Research, LLC Dan McKenzie 312-334-4416 Raymond James & Associates James Parker/ Duane Pfennigwerth 404-442-5857 Stifel Nicolaus Hunter  K. Keay 443-224-1363 UBS Kevin Crissey 212-713-3562