Southwest Airlines Statement: Airline Responds to Announcement Regarding Wright Amendment

Southwest Airlines (NYSE: LUV) joined with the cities of Dallas and Fort Worth, American Airlines, and DFW International Airport today to announce all parties have agreed to seek the enactment of legislation to repeal the Wright Amendment.

At a news conference in Dallas today, Southwest Airlines Executive Chairman Herb Kelleher said:

"I have been involved in litigation, legislative struggles, and cuss fights over Love Field since 1972 -- a period of 34 years. The fact that Southwest Airlines stands here today -- stands here with Fort Worth, DFW Airport, American Airlines, and the City of Dallas indicates, I believe, that there must be hope for world peace. And peace -- and good will -- is the essence of our agreement -- not to mention certainty, stability, and tranquility. Under the perseverant Leadership of the Mayors of Dallas and Fort Worth -- who have literally worked day and night to bring this "Peace Pact" into being, our swords are truly being turned into plowshares. As with any difficult and complicated transaction, all sides, all parties, have been compelled to make sacrifices -- to yield on firmly held positions -- to moan and grown and agonize over decisions and mutual concessions. The only victor -- the only sure fire winner-from this agreement -- is the public -- the public citizen who will find it easier and far less expensive to travel to and from North Texas for business and personal reasons -- the citizens who will reap vast economic benefits in their communities from enhanced travel and tourism -- at a lower cost. On behalf of the public, we stand shoulder to shoulder with American Airlines, DFW Airport, and with the Mayors of Dallas and Fort Worth, in urging the City Councils of Dallas and Fort Worth -- and in urging the U.S. Congress -- to speedily approve the implementation of our agreement. Peace -- truly enduring peace -- be with all of you -- and with all of us."

The agreement is subject to Congress taking action on the proposed legislation.

"Today's historic agreement will benefit the public in terms of convenient connecting service and low fares from North Texas to the rest of the vast Southwest Airlines route network as soon as Congress acts," said Southwest CEO Gary Kelly. "We're trading certainty for uncertainty with this agreement, and it will allow us to plan for the future; it will allow us to reinvest in Dallas Love Field, our hometown airport; and it will allow us the opportunity to grow." http://www.southwest.com

CONTACT:
Public Relations of Southwest Airlines, +1-214-792-4847