Southwest Airlines 1995 Annual Report Download - page 19

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19
niche, and we offer the best Customer Service according to U.S. Department of
Transportation statistics.
We boast one of the youngest fleets in the airline industry, with an average age
of 7.8 years at the end of 1995. This enables us to keep our maintenance costs
low and our aircraft consistently in service. Since 78 percent of our fleet have
newer Stage 3 engines, fuel consumption is lower and noise is reduced.
At yearend 1995, we owned 111 of the 224 aircraft in our fleet. Of the remaining
113 aircraft, 83 were operated pursuant to longterm leases with various renewal
and purchase options at the end of the lease periods, and 30 of the older 737-
200s were under shortterm leases expiring over the next several years.
We currently plan to acquire 20 new -300 aircraft from The Boeing Company
and retire three of our older -200 aircraft in 1996, resulting in an available seat
mile increase of approximately 12.8 percent. Including our recent conversion of
four 1997 -300 options to four 1999 -700 options, we currently have 100 firm
orders and 67 options for Boeing 737 aircraft.
Boeing 737 Jet Fleet Expansion
TYPE SEATS 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
737-200 122 50 ---------
737-300 137 149 20 17 -------
737-500 122 25 ---------
737-700 137 - - 4 21 25 21 18 18 18 5
TOTAL 224 20 21 21 25 21 18 18 18 5