Fresh flavors, local brands headed to LAX as Southwest Airlines’ Terminal 1 modernization project reaches final phase

NEWS HIGHLIGHTS:

• Los Angeles World Airports, Southwest®, Westfield partner to enhance Terminal 1 experience
• 10,349 square feet of new shops and restaurants coming in 2018 for final phase; once complete, the new Terminal 1 retail and dining collection will span over 32,000 square feet – nearly triple that of the old terminal
• Ten new brands, three local concepts and three airport firsts for Southwest customers

LOS ANGELES – The wait is over as LAX Terminal 1 reaches its final phase of redevelopment in 2018.

Los Angeles World Airports, Southwest®, and Westfield are bringing new energy and excitement amid a $508 million modernization project of LAX Terminal 1 scheduled to be completed by the end of 2018. The project, which launched in September 2014, has been intentionally constructed to minimize impact to passengers. The final phase of the redevelopment includes 10 new dining and retail destinations, three L.A.‐based concepts and three airport firsts.

When it's completed, Terminal 1 will introduce Southwest travelers to 20 new dining and retail destinations and a reimagined experience featuring a hip, modern Californian feel that taps into the energy of Los Angeles and of the Southwest brand.

"The Modernization of Terminal 1 for our Southwest Customers has been a labor of love over the past four years," says Don Ostler, Southwest Airlines Senior Project Manager. "In partnership with LAWA and the City of Los Angeles, we've reimagined how our Customers experience air travel through LAX, implementing a new ticketing lobby, security and baggage claim spaces, and transforming our gate spaces to allow for larger planes to take our Customers to more destinations. We're incredibly excited as we near the final phase, partnering with Westfield to bring some of L.A.'s finest dining and retail experiences to Terminal 1."

"We are excited to advance another major step towards our vision of Gold Standard Airports," LAWA CEO Deborah Flint said. "Our guests will find a modern airport experience – one that is futuristic with its variety of food and retail selections and the transformation of space from closed and dark to an open aesthetic experience with Los Angeles flair."

Travelers will love the new lineup, which includes iconic L.A. brands like Cassell's Hamburgers, Trejo's Tacos and Urth Caffe. The final phase of the modernization project includes 10,349 square feet of new dining and retail space and eight brands completely new at LAX.

"Step by step we've watched the Terminal 1 experience transform into something uniquely Los Angeles that rivals the world's best airport terminals," said Dan Hough, Vice President, Westfield. "Now, working in partnership with LAWA and Southwest, there's even more to be excited about with this premier roster of dining, retail and amenities for the millions of travelers who use LAX as their gateway to the world."

The roster of new dining and retail includes:

• Cassell's Hamburgers is a local crown jewel of LA's culinary realm with a reputation for quality ingredients and pitch perfect plates that have made it the darling of food critics across the nation;
• Made from fresh, simple ingredients, Chick‐Fil‐A serves up chicken with no added fillers or hormones;
• Taste the consistently perfect bagels, specialty sandwiches, gourmet salads and handcrafted drinks at Einstein's Bagels;
• Explore unique, natural skincare solutions at Kiehl's;
• From lipsticks and blush to mascara and eye shadow, MAC Cosmetics is like a cosmetic candy store;
• Half store, half app, The New Stand and The New Stand Kiosk carry a rotating mix of coffee, new media, fancy snacks and travel essentials;
• Pei Wei Asian Diner delivers a veritable nod to the new American trifecta: make it delicious, make it fresh and make it fast;
• Danny Trejo brings an uber‐hip, on‐trend brand shining bright with star quality appeal in Trejo's Tacos;
• Urth Caffe offers its organic coffee and fine teas as well as a fresh, healthy and sustainable menu. To learn more about the shops and restaurants at LAX and Terminal 1, visit www.westfieldairports.com/LAX.

In partnership with the city of Los Angeles and Los Angeles World Airports, Westfield is transforming the customer experience at LAX terminals 1, 2, 3, 6 and Tom Bradley International Terminal. To improve customer satisfaction and drive sales, Westfield is crafting a unique design at each terminal tailored to meet customer needs.

Westfield is deploying its global expertise to revolutionize the customer experience and create next‐generation environments in landmark airports across the U.S. Integrating the best in food, fashion, art, and entertainment, Westfield crafts a fully customizable journey that aligns with and reflects each community's unique style, spirit and culture. Learn more at www.westfieldcorp.com/airports.

About Los Angeles International Airport (LAX)

LAX is the fourth busiest airport in the world, second in the United States, and was named one of Skytrax' 2017 Top 10 Most Improved Airports. LAX served more than 80.9 million passengers in 2016. LAX offers 737 daily nonstop flights to 100 cities in the U.S. and 1,386 weekly nonstop flights to 88 cities in 44 countries on 73 commercial air carriers. LAX ranks 14th in the world and fifth in the U.S. in air cargo tonnage processed, with more than 2.2 million tons of air cargo valued at over $101.4 billion. LAX handled 697,138 operations (landings and takeoffs) in 2016.

An economic study based on 2014 operations reported LAX generated 620,600 jobs in Southern California with labor income of $37.3 billion and economic output (business revenues) of more than $126.6 billion. This activity added $6.2 billion to local and state revenues and $8.7 billion in federal tax revenues. The study also reported that LAX's ongoing capital‐improvement program creates an additional 121,640 annual jobs with labor income of $7.6 billion and economic output of $20.3 billion, $966 million in state and local taxes, and $1.6 billion in federal tax revenues.

LAX is also the second most popular airport in the world to appear on Instagram according to wego.com. LAX is part of a system of two Southern California airports – along with Van Nuys general aviation – that are owned and operated by Los Angeles World Airports, a proprietary department of the City of Los Angeles that receives no funding from the City's general fund.

For more information about LAX, please visit www.flyLAX.com or follow on Twitter @flyLAXAirport, on Facebook at www.facebook.com/LAInternationalAirport, and on YouTube at www.YouTube.com/laxairport1. Information about LAX's ongoing multi‐billion‐dollar LAX Modernization Program, as well as tips and shortcuts to help navigate LAX during construction, are available at www.LAXisHappening.com.

As a covered entity under Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and, upon request, will provide reasonable accommodation to ensure equal access to its programs, services, and activities. Alternative formats in large print, braille, audio, and other forms (if possible) will be provided upon request.

Westfield Corporation (ASX: WFD) is an internally managed, vertically integrated, shopping center group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing approximately 2,000 staff worldwide. Westfield Corporation has interests in 35 shopping centers in the United States and the United Kingdom, encompassing approximately 6,400 retail outlets and total assets under management of $34.5bn.

In its 47th year of service, Dallas‐based Southwest Airlines Co.(NYSE: LUV) continues to differentiate itself from other air carriers with exemplary Customer Service delivered by more than 56,000 Employees to a Customer base topping 120 million passengers annually, in recent years. Southwest became the nation's largest domestic air carrier in 2003 and maintains that ranking based on the U.S. Department of Transportation's most recent reporting of domestic originating passengers boarded. During peak travel seasons, Southwest operates more than 4,000 weekday departures among a network of 100 destinations in the United States and 10 additional countries.

Southwest has announced its intention to sell tickets in 2018 for service to Hawaii, subject to requisite governmental approvals.

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