Southwest Airlines Co. (Southwest), is followed by the analysts listed below. This list may not be complete and is subject to change as firms add or delete coverage of Southwest. Please note that the content of analysts' reports and any opinions, estimates or forecasts regarding Southwest's performance made by these analysts are theirs alone and do not represent statements, opinions, estimates or forecasts of Southwest or its management. Southwest does not endorse, adopt or concur with any analysts' report or any statements, opinions, estimates or forecasts contained therein. Moreover, Southwest does not and will not distribute copies of analysts' reports to Investors or other persons.
| Firm | Analyst | Phone |
| Avondale Partners LLC | Fred Lowrance | 615-312-7112 |
| Bank of America Merrill Lynch | Glenn Engel | 646-855-5378 |
| Barclays Capital | David Fintzen | 212-526-5130 |
| Buckingham Research Group | Daniel McKenzie | 212-922-5531 |
| Cowen Securities | Helane Becker | 646-562-1399 |
| CRT Capital Group LLC | Michael Derchin | 203-569-4354 |
| Deutsche Bank | Michael Linenberg | 212-250-9254 |
| Evercore Partners | Duane Pfennigwerth | 212-497-0817 |
| Goldman Sachs | Tom Kim | 212-902-6708 |
| Imperial Capital LLC | Bob McAdoo | 310-246-3661 |
| J. P. Morgan Securities Inc | Jamie Baker | 212-622-6713 |
| Morgan Stanley & Company, Inc | John Godyn | 212-761-6605 |
| Morningstar Equity Research | Basili Alukos | 312-384-4984 |
| Raymond James & Associates | James Parker | 404-442-5857 |
| Sterne, Agee & Leach | Jeff Kauffman | 212-338-4765 |
| Wolfe Trahan & Co. | Hunter Keay | 646-845-0751 |
2012 Southwest Airlines One ReportTM
* To illustrate our steadfast focus on a triple bottom line-our Performance, our People, and our Planet-we have highlighted these three elements of sustainability in our 2012 Southwest Airlines One Report.
** 2012 Annual Report to Shareholders pursuant to Rule 14a-3 of the Exchange Act.