Southwest Airlines Company Presentation
Cautionary Statement Regarding Forward-Looking Statements
This booklet contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based on, and include statements about, the
Company's estimates, expectations, beliefs, intentions, and strategies for the future, and are not guarantees of future performance. Specific
forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts and include without
limitation statements related to (i) the Company's financial position, goals, strategies, expectations, opportunities, and outlook, and its
projected results of operations, including factors expected to impact the Company's results of operations; (ii) the Company's expectations
and goals with respect to returning value to Shareholders; (iii) the Company's fleet plans and expectations, including with respect to its fleet
modernization initiatives, and the Company's related financial and operational expectations; (iv) the Company's plans and expectations with
respect to its new reservation system, and the Company's related multi-faceted financial and operational expectations and opportunities; and
(v) the Company's Vision. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict
and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i)
changes in demand for the Company's services and other changes in consumer behavior; (ii) the impact of economic conditions, fuel prices,
actions of competitors (including, without limitation, pricing, scheduling, capacity, and network decisions and consolidation and alliance
activities), governmental actions, and other factors beyond the Company's control, on the Company's business decisions, plans, and
strategies; (iii) the Company's dependence on third parties, in particular with respect to its fleet and technology plans; (iv) the Company's
ability to timely and effectively implement, transition, and maintain the necessary information technology systems and infrastructure to
support its operations and initiatives; (v) the impact of labor matters on the Company's business decisions, plans, strategies, expectations,
and costs; and (vi) other factors, as described in the Company's filings with the Securities and Exchange Commission, including the detailed
factors discussed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31,
2016.
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