1982 to 1984

 

Winging to the Coast

 

1982

January 04, 1982

Southwest joins Area Settlement Plan (a central "clearing house" for transactions between travel agencies and airlines).

January 31, 1982

Phoenix Provisioning base opens.

January 31, 1982

Southwest inaugurates service from LAS with five daily flights to eleven cities; PHX with 13 daily flights to twelve cities; and SAN with six daily flights to eleven cities.

February 18, 1982

Service from Kansas City (MCI) opens with six daily flights.

February 23, 1982

Herb, our Chairman, agrees to permanently assume the additional positions of President and Chief Executive Officer of Southwest Airlines. Board of Directors declares a dividend of $.08 per share on the Company's 10,407,500 shares currently issued and outstanding. This cash dividend will be paid on March 31, 1982, to shareholders of record at the close of business on March 15, 1982.

April 01, 1982

Houston Ground Service (GSE) opens.

April 06, 1982

For the first quarter of 1982, RPMs increased 9%. Passengers boarded increased 2% and ASM's increased 24%. Load factor was 56.24%.

April 23, 1982

Net income (unaudited) for the first quarter was $3,490,000, which represents earnings per share of $.34. Earnings were down 50% and total revenues were up 7.4%.

May 18, 1982

Southwest filed with the Securities and Exchange Commission a Registration Statement relating to the proposed public offering $25,000,000 Convertible Subordinated Debentures Due 2007.

May 20, 1982

Southwest announces public offering of $35,000,000 of 10% Convertible Subordinated Debentures Due 2007.

June 01, 1982

Marcy Lardon assumes the position of Vice President Personnel and Paul A. Granger joins Southwest as Treasurer.

June 18, 1982

11th Anniversary.

June 24, 1982

In celebration of its 11 years of service, from this date until December 31, 1982, the last flight on Friday night in the DAL-HOU, MAF-TUL markets, the fare will be $11.

July 01, 1982

Robert W. Lawless joins Southwest as Vice President Finance and CFO

July 06, 1982

Southwest launches "Love That Spirit" advertising campaign.

July 07, 1982

For the second quarter of 1982, RPMs were up 26.2%. Passengers boarded were up 63.77%.

July 19, 1982

Revenues for the second quarter increased 15%. Operating expenses increased 21%.

July 27, 1982

Southwest's Board of Directors Executive Committee announces the purchase of three additional -200s bringing to 41 the number of -200s on firm order or owned in the fleet. The three aircraft are scheduled for delivery in May and June 1983, with the option of delivery as late as December 1983.

August 06, 1982

Southwest flew an all time record 288.0 million RPMs during July, up 34%. Passengers boarded increased 19% and load factor was up slightly to 67.8%

August 24, 1982

Board of Directors declares the Company's regular quarterly currently issued and out-standing. This 24th consecutive cash dividend will be paid on September 30, 1982 to shareholders of record at the close of business on September 10, 1982.

August 25, 1982

Southwest files a registration statement covering 750,000 shares of common stock. The net proceeds from the proposed sale of the common stock will be applied toward the acquisition of nine new -200 aircraft scheduled for delivery between January and June 1983.

September 18, 1982

Southwest inaugurates service from LAX with three daily flights.

September 20, 1982

Sam Coats joins Southwest as Vice President External Affairs.

October 06, 1982

43% increase in RPMs for September 1982 Announces and a 40% increase in RPM's for the third quarter of 1982.

October 11, 1982

Board of Directors, in a special meeting held Saturday, October 9, declares the Company's 25 consecutive dividend of $.08 per share on 11,171,562 shares currently issued and outstanding, payable on December 22, 1982, to shareholders of record at the close of business on December 2, 1982.

October 31, 1982

Southwest inaugurates service from SFO, our sixth new market in 1982, with four daily flights. SFO closes on Mar. 4, 2001 and reopens on August 26, 2007.

December 15, 1982

Board of Directors declares a 2-for-1 stock split of the Company's Common Stock to be distributed on January 21, 1983 to shareholders of record at the close of business on December 29, 1982. The split increased the number of outstanding shares from 11,171,562 to 22,343,124 shares.

December 16, 1982

Official opening of $2.2 million expanded and remodeled facilities at HOU.

December 29, 1982

Southwest completes an agreement to transfer the tax benefits for its three most recently acquired aircraft with the proceeds of more than $11 million being used as additional working capital and to aid in the financing of expansion, which has added ten -200 aircraft to its fleet during 1982.

December 31, 1982

1982 Milestones Revenue passengers: 7,965,554 Trips flown: 140,030 Fleet: 37 aircraft Employees at yearend: 2,913 Cities opened: LAS, PHX, SAN, MCI, LAX, SFO Load factor: 61.6%

December 31, 1982

Yearend passengers boarded in 1982 were 7,965,554 with a load factor of 61.6%. These statistics reflect our expansion which has resulted in a 35% capacity increase for 1982.


1983

February 08, 1983

T.J. LUV is born! The creation of author and illustrator Winifred Barnum Newman, T.J. LUV is featured in her book, Gumwrappers and Goggles, (the tale of a jet).

February 10, 1983

An expanded and convenient 4,000-square-foot freight facility opens at HOU.

February 15, 1983

Southwest files a Registration Statement with the SEC covering the proposed public offering of 1,000,000 shares of common stock. This offering brings to 22,551,916 the number of shares outstanding. The Southwest Employees' Association, a non-affiliated union representing Southwest's Flight Dispatchers and Stock Clerks, signs a seven year collective bargaining Agreement.

February 22, 1983

Board of Directors declares the Company's 26th consecutive quarterly dividend of $.04 per share. This cash dividend will be paid to shareholders of record at the close of business on March 15, 1983.

February 23, 1983

Southwest announces the public offering of 1.2 million shares of its common stock at a price of $32.00 per share. The number of shares offered was increased by 200,000 shares over the 1,000,000 shares covered by the Registration Statement filed with the SEC on outstanding to 23,551,916.

March 22, 1983

A new Cargo Test Program is implemented in MCI aimed at travel agencies handling corporate accounts and if successful, will be implemented throughout Southwest's system.

March 24, 1983

Southwest and the International Brotherhood of Teamsters, representing Southwest's aircraft mechanics and cleaners, sign a five year contract.

April 05, 1983

Southwest flew 313.1 million RPMs during March, an increase of 35.3% over March 1982. Passengers boarded were 815,047, an increase of 30% and load factor was 63% compared to 58.4% in March 1982.

May 09, 1983

Southwest announces the purchase of three additional -200 aircraft, bringing to 44 the number of -200 aircraft on firm order or currently in the Southwest fleet.

May 11, 1983

Southwest Airlines' Pilot Association voluntarily adopts a one-year pay freeze effective August 31, 1983.

May 25, 1983

Southwest takes delivery of two new -200 aircraft with new interior and galley design and 122 seating capacity.

May 26, 1983

Southwest inaugurates service from Denver (DEN) with six roundtrips per day. DEN closes on Sept. 30, 1986 and reopens in 2006

June 14, 1983

Southwest Airlines Eurofinance N.V., a subsidiary of Southwest, issues $35,000,000 of 6 3/4% Convertible Subordinated Debentures due 1998; convertible in Southwest Common Stock at $47 7/8 per share; and guaranteed on a subordinated basis as to payment of principal, Premium, if any, and interest by Southwest.

June 18, 1983

12th Anniversary.

July 01, 1983

El Paso Provisioning opens.

August 27, 1983

Board of Directors declares the Company's 28th consecutive quarterly dividend of $.04 per share on the 23,551,916 shares currently issued and outstanding to be paid September 30, 1983 to shareholders of record at the close of business on September 9, 1983.

September 08, 1983

Southwest leases two Boeing 727-200 aircraft for one year.

September 22, 1983

Major schedule increase which adds 3.13% capacity and nonstop SFO-SAN, ELP-LAX, and SAT-LAX service.

October 25, 1983

Board of Directors declares the Company's 29th consecutive quarterly dividend of $.04 per share on 23,551,916 shares to be paid on December 20, 1983 to shareholders of record at the close of business on December 6, 1983. Mr. Walter M. Mischer, Sr. of Houston is elected to the Board of Directors.

October 26, 1983

Albuquerque Provisioning opens.

November 16, 1983

Southwest begins retrofitting the fleet with new, shiny interiors of leather and warm earth tones.

December 20, 1983

Board of Directors declares 5-for-4 stock split of the Company's Common Stock to be distributed on January 27, 1984 to shareholders of record at the close of business on January 3, 1984, record at the close of business on January 3, 1984, increasing its number of outstanding shares from 23,551,916 to 29,439,895 shares of Common Stock.

December 31, 1983

1983 Milestones Revenue passengers: 9,511,000 Trips flown: 175,421 Fleet: 46 Employees at yearend: 3,462 Cities opened: DEN Load Factor: 61.6%


1984

January 23, 1984

Southwest moves to Terminal One, officially opening the new facilities at LAX. Southwest occupies the first ticket counter at Terminal One as well as the first baggage claim area.

January 24, 1984

Southwest's (unaudited) net income for the year ended December 31, 1983 was a record $40,867,000, an increase of 20% over the $34,004,000 earned in 1982.

February 24, 1984

Southwest announces the acquisition of two additional 727-200s that were on lease from People Express.

February 27, 1984

Southwest inaugurates service to LIT with six daily flights.

February 28, 1984

Southwest declares 30th consecutive dividend of 3.25 cents per share on the 29,439,895 shares currently issued to be paid on March 27 to shareholders of record at the close of business on March 13, 1984.

March 03, 1984

Aircraft N96 is christened The Fred J. Jones in dedication to one of our original Employees and Mechanics.

April 05, 1984

For the first quarter of 1984, RPMs increased 27%. Passengers boarded increased 12% and ASMs increased 28%. Load factor was 62.5%.

April 17, 1984

Net income (unaudited) for the first quarter ended March 31, 1984, was a record $10,224,000, a 99.8% increase over first quarter of 1983. Earnings per share were $0.35. Total revues were up 31.9%.

May 03, 1984

Herb announces the signing of a new, two-year contract with the Southwest Airlines Pilots' Association. The contract calls for a two-year freeze on trip pay.

June 01, 1984

Houston Pilot Base opens—our first crew base outside of Dallas.

June 18, 1984

Thirteenth Anniversary

July 05, 1984

The second quarter of 1984 was a record quarter for the airline. RPMs increased 26.3%, ASMs increased 31.3%. Passengers boarded increased 15.5%. Load factor was 60.12%.

July 12, 1984

Herb announces the signing of contracts with The Boeing Company of Seattle for the purchase of 21 Boeing -300 aircraft, in addition to the ten already on order. Southwest also takes options on 14 -300s for the time period 1986-89.

July 19, 1984

Revenues for the second quarter increased 22.8% to $137,565,000 and operating expenses increased 30.9% to $118,222,000, while revenues for the first six months increased 27% to $262,633,000 and operating expenses increased 30.1% to $227,743,000. Net income for the first six months of 1984 was a record $24,145,000.

July 19, 1984

Revenues for the second quarter increased 22.8% to $137,565,000 and operating expenses increased 30.9% to $118,222,000, while revenues for the first six months increased 27% to $262,633,000 and operating expenses increased 30.1% to $227,743,000. Net income for the first six months of 1984 was a record $24,145,000.

August 21, 1984

Southwest and the International Association of Machinists and Aerospace Workers, AFL-CIO (IAM), representing Southwest's Passenger and Fleet Service Employees sign a five-year collective bargaining agreement effective until March 1, 1989.

September 28, 1984

Southwest names John Douglas Owen as Treasurer, effective October 15, 1984.

October 04, 1984

For the third quarter of 1984, Southwest flew 1,247.5 million RPMs, an increase of 22%, ASMs increased 30% and passengers boarded increased 16%. Load factor was 58.85%.

October 08, 1984

Southwest agrees to purchase from Rediffusion of Great Britain, a multi-million dollar -300 flight simulator for pilot training. It is rapidly convertible to a -200 configuration, as well. The simulator will be received in mid-1986.

October 19, 1984

Revenue for the third quarter increased 21% to $139,806,000 and operating expenses increased 26% to $121,821,000 resulting in a third quarter operating profit of $17,985,000. Net income was $14,159,000, a 20% increase.

October 23, 1984

Southwest declares 33rd consecutive quarterly dividend of 3.25 cents per share on the 29,502,272 shares currently issued to be paid on December 28 to shareholders of record at the close of business on December 4, 1984.

November 01, 1984

Donald G. Valentine joins Southwest as Vice President Marketing.

November 08, 1984

Southwest announces that East/West Network is the new publisher of Southwest's inflight magazine.

November 30, 1984

Southwest takes delivery of first Boeing 737-300.

December 10, 1984

William Q. (Bill) Miller assumes position of Vice President Inflight Services.  Gary Barron assumes position of Vice President General Counsel.

December 16, 1984

Herb and Brigadier General Charles E. ("Chuck") Yeager, the pioneer test pilot who first surpassed the speed of sound, host an Inaugural Dinner saluting the first 300 series aircraft in Southwest's Boeing 737 fleet. Along with 600 guests, Bob Hope is on hand to help celebrate the introduction of our new jetliner, The Spirit of Kitty Hawk.

December 17, 1984

Southwest's historic Inaugural Flight ceremonies, unveiling the first 300 series aircraft in Southwest's Boeing 737 fleet as "Kitty Hawk." The inaugural flight takes place exactly 81 years after the Wright Brother's Historic flight on Dec. 17, 1903.

December 20, 1984

Southwest takes delivery of two 737-300 aircraft.

December 31, 1984

1984 Milestones Revenue passengers: 10,697,544 Trips flown: 200,124 Fleet: 54 aircraft Employees at yearend: 3,934 Cities opened: LIT Load Factor: 58.5%

December 31, 1984

Southwest concludes a record year with 4,669.4 million RPMs flown, a 20% increase over 1983.

Please visit our Investor Relations website at www.southwestairlinesinvestorrelations.com/ for all year end financial summaries

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