With 40 years of service, Southwest Airlines Co. (Southwest), a low-fare major domestic airline, continues to differentiate itself from other low-fare carriers, offering a reliable product with exemplary Customer Service. Southwest was incorporated in Texas and commenced Customer Service on June 18, 1971 with three Boeing 737 aircraft serving three Texas cities - Dallas, Houston, and San Antonio. Today, Southwest is the nation's largest carrier in terms of originating domestic passengers boarded serving 73 cities in 38 states. On May 2, 2011, Southwest completed the acquisition of AirTran Holdings, Inc., and now operates AirTran Airways as a wholly owned subsidiary. Southwest has among the lowest cost structures in the domestic airline industry, consistently offers the lowest and simplest fares, and has one of the best overall Customer Service records. LUV is our stock exchange symbol, selected to represent our home at Dallas Love Field, as well as the theme of our Employee and Customer relationships. Southwest is one of the most honored airlines in the world known for its commitment to the triple bottom line of Performance, People, and Planet. To read more about how Southwest is doing its part to be a good citizen, click on the tab above to read the Southwest Airlines 2011 One Report™.
On May 2, 2011, Southwest Airlines closed on its purchase of all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the former parent company of AirTran Airways (AirTran). Based on the average of Southwest Airlines' closing prices for the 20 trading days ending three trading days prior to May 2, 2011, of $11.90, the transaction valued AirTran common stock at approximately $7.57 per share.
For related tax basis information, as provided on IRS Form 8937, click here.
For AirTran Acquisition frequently asked questions, click here.
For Press Release regarding May 2, 2011 Legal Close, click here.
For Proxy Statement/Prospectus, click here.
For AirTran Acquisition Fact Sheet, click here.
Southwest Airlines 2011 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 Southwest Airlines 2011 One Report.
** 2011 Annual Report to Shareholders pursuant to Rule 14a-3 of the Exchange Act.
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Southwest Airlines Co.
Investor Relations, HDQ-6FC
P.O. Box 36611
Dallas, Texas 75235