Southwest Airlines 2007 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2007 Southwest Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

15
Cautionary Statement Regarding Forward-Looking Statements. This Annual Report contains forward-looking statements relating to the Company’s operations and
business outlook and related financial and operational strategies and goals. Specific forward-looking statements include statements relating to (i) the Company’s initiatives
to increase revenues and cut costs; (ii) its financial targets and expectations regarding results of operations; and (iii) its plans for fleet growth. These forward-looking
statements are based on the Company’s current intent, expectations, and projections and are not guarantees of future performance. These 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) the price and availability of aircraft fuel; (ii) the Company’s ability to timely and effectively prioritize its initiatives and its related
ability to timely implement and maintain the necessary information technology systems and infrastructure to support these initiatives; (iii) the extent and timing of the
Company’s investment of incremental operating expenses and capital expenditures to develop and implement its initiatives and its corresponding ability to effectively
control its operating expenses; (iv) the Company’s dependence on third-party arrangements to assist with the implementation of certain of its initiatives; (v) competitor
capacity and load factors; 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, 2007.
1998
$ 4,010
99
55
4,164
3,518
646
(21)
667
256
$ 411
$ .55
$ .52
$ .0126
$ 4,605
$ 623
$ 2,352
9.4 %
19.0 %
15.5 %
9.9 %
52,586,400
59,053,217
31,419,110
47,543,515
66 .1 %
597
441
806,822
$76.26
12.76 ¢
8.76 ¢
7.40 ¢
6.58 ¢
45.7 ¢
843
25,844
280
1999
$ 4,563
103
70
4,736
4,001
735
8
727
283
$ 444
$ .59
$ .56
$ .0143
$ 5,519
$ 872
$ 2,780
8.8 %
17.3 %
15.5 %
9.4 %
57,500,213
65,287,540
36,479,322
52,855,467
69.0 %
634
465
846,823
$79.35
12.51 ¢
8.96 ¢
7.57 ¢
6.64 ¢
52.7 ¢
924
27,653
312
2000
$ 5,468
111
71
5,650
4,702
948
4
944
367
$ 555
(5)
$ .74
(5)
$ .70
(5)
$ .0148
$ 6,500
$ 761
$ 3,376
9.2 %
18.0 %
16.8 %
9.8 %
63,678,261
72,566,817
42,215,162
59,909,965
70.5 %
663
492
903,754
$85.87
12.95 ¢
9.43 ¢
7.85 ¢
6.50 ¢
78.7 ¢
1,013
29,274
344
2001(3)
$ 5,379
91
85
5,555
5,016
539
(197)
736
285
$ 451
$ .59
$ .56
$ .0180
$ 8,779
$ 1,327
$ 3,921
5.9 %
12.4 %
9.7 %
8.1 %
64,446,773
73,628,723
44,493,916
65,295,290
68.1 %
690
514
940,426
$83.46
12.09 ¢
8.51 ¢
7.68 ¢
6.50 ¢
70.9 ¢
1,086
31,580
355
2002(3)
$ 5,341
85
96
5,522
5,181
341
24
317
129
$ 188
$ .24
$ .23
$ .0180
$ 8,766
$ 1,553
$ 4,374
2.1 %
4.5 %
6.2 %
3.4 %
63,045,988
72,462,123
45,391,903
68,886,546
65.9 %
720
537
947,331
$84.72
11.77 ¢
8.02 ¢
7.52 ¢
6.41 ¢
68.0 ¢
1,117
33,705
375
2003(4)
$ 5,741
94
102
5,937
5,558
379
(225)
604
232
$ 372
$ .48
$ .46
$ .0180
$ 9,693
$ 1,332
$ 5,029
4.0 %
7.9 %
6.4 %
6.3 %
65,673,945
74,719,340
47,943,066
71,790,425
66.8 %
730
558
949,882
$87.42
11.97 ¢
8.27 ¢
7.74 ¢
6.59 ¢
72.3 ¢
1,143
32,847
388
SOUTHWEST AIRLINES CO. ANNUAL REPORT 2007