Southwest Airlines Reports January Traffic

Southwest Airlines Co. announced today that the Company flew 2,069.6 million revenue passenger miles (RPMs) in January 1998, a 3.9 percent decrease from the 2,154.4 million RPMs flown in January 1997. Available seat miles (ASMs) increased 7.2 percent to 3,835.0 million from the January 1997 level of 3,578.0 million. The load factor for the month was 54.0 percent, compared to 60.2 percent for the same period of a year ago.

Herbert D. Kelleher, Chairman, President, and Chief Executive Officer, stated: "Our revenue yield per passenger mile continues to show significant growth from year ago levels. Although January 1997 revenues were partially enhanced by the lapse in the ten percent ticket tax, January 1998 revenues showed good growth versus a year ago."

This press release, as well as past releases, can be accessed on the Southwest Airlines internet site at:
http: // www.southwest.com

SOUTHWEST AIRLINES CO.
COMPARATIVE TRAFFIC STATISTICS
JANUARY 1998

  JANUARY
  1998 1997 CHANGE
Revenue passengers carried 3,613,043 3,984,687 (9.3)%
Revenue passenger miles 2,069,554,768 2,154,354,188 (3.9)%
Available seat miles 3,834,969,304 3,577,954,798 7.2 %
Load factor 54.0% 60.2% (6.2) pts.
Average length of haul 573 541 5.9 %
Trips flown 66,301 64,696 2.5 %

CONTACT:
Tammy Romo
Director-Investor Relations
(214) 792-4415

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