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SOUTHWEST AIRLINES EMPLOYEES SHOW THEIR LUV FOR PRESIDENT COLLEEN BARRETT WITH A SONG, GIFT, VIDEO TRIBUTE, AND THE SOUND OF COWBELLS The Most Influential Woman in Aviation Steps Back from Management Role —Company Throws a Good Old Fashioned Surprise Party! DALLAS -- July 15, 2008 - The clamoring of cowbells and a rendition of a Willie Nelson song is not what you would expect to hear in the lobby of a Fortune 500 company; but then again, Southwest Airlines is famous for doing the unexpected! Southwest Executive Colleen Barrett, who leaves her role as President effective today, was honored by Employees in Dallas with a surprise tribute to show appreciation for her years of Servant Leadership. (Colleen will remain a fulltime Southwest Employee through July 2013.) The monumental event was centered on hundreds of Southwest Employees cheering for a woman the Company LUV built affectionately calls its "Queen of Hearts." "Well, we all know that Colleen doesn't like surprises! But, we also know that Colleen can't be totally surprised that her Southwest Family wanted to make this day a little extra special for her," said Southwest CEO Gary Kelly. "The transition from an extremely hardworking President to an extremely hardworking Southwest Employee is a huge milestone. From the 34,000 Southwest Family Members -- job well done, Colleen Barrett -- we'll see you tomorrow!" As Colleen's Southwest Family gathered at Corporate Headquarters to mark her last official day as...

SOUTHWEST AIRLINES NAMES NEW CHAIRMAN OF THE BOARD Executive Changes Announced After Annual Shareholders' Meeting DALLAS—May 21, 2008—Today, Southwest Airlines Board of Directors elected Gary Kelly, Southwest's Chief Executive Officer, as its Chairman of the Board. The airline announced that Kelly will also assume the title of President when Colleen Barrett's employment contract expires on July 15, 2008 making Kelly CEO, Chairman, and President at that time. Additionally, the Board of Directors elected Executive Vice President Ron Ricks to fill Barrett's vacated position of Corporate Secretary. "The awesome task before us is to ensure the continued prosperity of Southwest Airlines—one of the greatest success stories in American business," Kelly said. "We all pledge to continue to keep the LUV alive and the Warrior Spirit strong that Herb and Colleen inspire in all 34,000 Southwest Employees." Herb Kelleher ceremoniously passed the gavel to Kelly at Southwest Airlines' annual Shareholders' meeting today at the Company's headquarters. More than 300 Shareholders attended the meeting where Kelleher and Barrett were honored for their more than 40 years of service to the airline. Both Kelleher and Barrett will remain full-time Southwest Airlines Employees through July 2013. Additionally, the airline redefined the roles of its three Executive Vice Presidents. Bob Jordan, Executive Vice President Strategy and Planning; is responsible for strategic planning,...