Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 3.4 billion revenue passenger miles (RPMs) in November 2002, compared to 3.6 billion RPMs flown in November 2001. Available seat miles (ASMs) increased 4.0 percent to 5.7 billion from the November 2001 level of 5.5 billion. The load factor for the month was 60.5 percent, compared to 65.3 percent for November 2001.

For the eleven months ended November 30, 2002, Southwest flew 41.5 billion RPMs, compared to 40.9 billion RPMs for the same period in 2001. Available seat miles increased 5.3 percent to 63.0 billion from the 2001 level of 59.8 billion. The year-to-date load factor was 65.9 percent, compared to 68.5 percent for the same period last year.

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.
                  PRELIMINARY COMPARATIVE TRAFFIC STATISTICS

                                                         NOVEMBER
                                              2002         2001    CHANGE

            Revenue passengers carried     4,946,194    5,017,569   (1.4)%

            Revenue passenger miles (000)  3,438,430    3,568,771   (3.7)%

            Available seat miles (000)     5,680,325    5,463,409    4.0 %

            Load factor                         60.5%        65.3%  (4.8) pts.

            Average length of haul               695          711   (2.3)%

            Trips flown                       76,823       76,300    0.7 %


                                                    YEAR-TO-DATE
                                             2002         2001     CHANGE

           Revenue passengers carried     57,754,144   59,617,323   (3.1)%

           Revenue passenger miles (000)  41,501,224   40,948,326    1.4 %

           Available seat miles (000)     62,988,117   59,810,992    5.3 %

           Load factor                          65.9%        68.5%  (2.6) pts.

           Average length of haul                719          687    4.7 %

           Trips flown                       867,854      864,227    0.4 %

SOURCE Southwest Airlines Co.