New Leadership at Southwest Airlines

APPOINTMENTS

Southwest Airlines has announced the appointment of Rakesh Gangwal as independent Chair of the Board of Directors and named new Board Committee Chairs, effective immediately:

• Lisa Atherton will serve as Chair of the Compensation Committee
• Douglas Brooks will serve as Chair of the Audit Committee
• David Hess will continue to serve as Chair of the Safety and Operations Committee
• Chris Reynolds will serve as Chair of the Nominating and Corporate Governance Committee
• Gregg Saretsky will serve as Chair of the Finance Committee

STATEMENTS

Gangwal said, “We are embarking on the next era of change at Southwest as we build upon its many successes and storied past. Our critical priority as a newly constituted Board is to work closely with Bob Jordan and the rest of the management team to return the carrier to superior financial performance.”

Bob Jordan, President, Chief Executive Officer, & Vice Chairman of the Board, said, “On behalf of the entire Company, I look forward to working with our new Board as we execute our plan and deliver for our Shareholders. I especially want to thank our people for their unwavering commitment to each other and for providing exceptional service to our customers. Our people are at the heart of Southwest’s culture, which separates us from the competition.”