þ
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ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the fiscal year ended December 31, 2017
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or
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¨
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TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
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For the transition period from ________ to ________
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TEXAS
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74-1563240
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(State or other jurisdiction of
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(IRS Employer
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incorporation or organization)
|
Identification No.)
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P.O. Box 36611
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Dallas, Texas
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75235-1611
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(Address of principal executive offices)
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(Zip Code)
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Title of Each Class
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Name of Each Exchange on Which Registered
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Common Stock ($1.00 par value)
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New York Stock Exchange
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Large accelerated filer
þ
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Accelerated filer
¨
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Non-accelerated filer
¨
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Smaller reporting company
¨
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Emerging growth company
¨
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PART I
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Item 1.
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Item 1A.
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Item 1B.
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Item 2.
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Item 3.
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Item 4.
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PART II
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Item 5.
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Item 6.
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Item 7.
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Item 7A.
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Item 8.
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Item 9.
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Item 9A.
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Item 9B.
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PART III
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Item 10.
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Item 11.
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Item 12.
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Item 13.
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Item 14.
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PART IV
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Item 15.
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Item 16.
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Item 1.
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Business
|
Year
|
|
Cost
(Millions)
|
|
Average
Cost Per
Gallon
|
|
Percentage of
Operating
Expenses
|
|||||
2003
|
|
$
|
920
|
|
|
$
|
0.80
|
|
|
16.5
|
%
|
2004
|
|
$
|
1,106
|
|
|
$
|
0.92
|
|
|
18.1
|
%
|
2005
|
|
$
|
1,470
|
|
|
$
|
1.13
|
|
|
21.4
|
%
|
2006
|
|
$
|
2,284
|
|
|
$
|
1.64
|
|
|
28.0
|
%
|
2007
|
|
$
|
2,690
|
|
|
$
|
1.80
|
|
|
29.7
|
%
|
2008
|
|
$
|
3,713
|
|
|
$
|
2.44
|
|
|
35.1
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%
|
2009
|
|
$
|
3,044
|
|
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$
|
2.12
|
|
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30.2
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%
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2010
|
|
$
|
3,620
|
|
|
$
|
2.51
|
|
|
32.6
|
%
|
2011
|
|
$
|
5,644
|
|
|
$
|
3.19
|
|
|
37.7
|
%
|
2012
|
|
$
|
6,120
|
|
|
$
|
3.30
|
|
|
37.2
|
%
|
2013
|
|
$
|
5,763
|
|
|
$
|
3.16
|
|
|
35.1
|
%
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2014
|
|
$
|
5,293
|
|
|
$
|
2.93
|
|
|
32.3
|
%
|
2015
|
|
$
|
3,616
|
|
|
$
|
1.90
|
|
|
23.0
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%
|
2016
|
|
$
|
3,647
|
|
|
$
|
1.82
|
|
|
21.9
|
%
|
2017
|
|
$
|
3,940
|
|
|
$
|
1.92
|
|
|
22.3
|
%
|
First Quarter 2017
|
|
$
|
922
|
|
|
$
|
1.89
|
|
|
21.8
|
%
|
Second Quarter 2017
|
|
$
|
990
|
|
|
$
|
1.84
|
|
|
22.0
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%
|
Third Quarter 2017
|
|
$
|
1,003
|
|
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$
|
1.92
|
|
|
22.6
|
%
|
Fourth Quarter 2017
|
|
$
|
1,025
|
|
|
$
|
2.04
|
|
|
22.8
|
%
|
|
|
Year ended December 31,
|
||||||||
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|
2017
|
|
2016
|
|
2015
|
|
2014
|
|
2013
|
Available seat miles per fuel gallon consumed
|
|
75.2
|
|
74.4
|
|
73.9
|
|
72.8
|
|
71.7
|
•
|
"Wanna Get Away" fares are generally the lowest fares and are typically subject to advance purchase requirements. They are nonrefundable, but, subject to Southwest's No Show Policy, funds may be applied to future travel on Southwest.
|
•
|
"Anytime" fares are, subject to Southwest's No Show Policy, refundable if canceled, or funds may be applied towards future travel on Southwest. A change or modification to a flight reservation will result in the fare becoming nonrefundable. In addition, if this fare is purchased with nonrefundable funds, then the flight would be nonrefundable if canceled. Anytime fares also include a higher frequent flyer point multiplier under Southwest's Rapid Rewards® frequent flyer program compared with "Wanna Get Away" fares. The Company's frequent flyer program is discussed below under "Rapid Rewards Frequent Flyer Program."
|
•
|
"Business Select" fares are, subject to Southwest's No Show Policy, refundable if canceled, or funds may be applied towards future travel on Southwest. A change or modification to a flight reservation will result in the fare becoming nonrefundable. In addition, if this fare is purchased with nonrefundable funds, then the flight would be nonrefundable if canceled. Upgrading to "Business Select" from another fare type will result in the fare becoming nonrefundable. Business Select fares also include additional perks such as priority boarding with a boarding position in the first 15 boarding positions within boarding group "A," the highest frequent flyer point multiplier of all Southwest fare products, "Fly By®" priority security and/or ticket counter access in participating airports, and one complimentary adult beverage coupon for the day of travel (for Customers of legal drinking age).
|
•
|
installation of blended winglets, which reduce drag and increase fuel efficiency, on all aircraft in the Company's fleet;
|
•
|
upgrading of the Company's 737-800 fleet with newly designed, split scimitar winglets;
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•
|
periodic engine washes;
|
•
|
use of electric ground power for aircraft air and power at the gate and for ground support equipment at select locations;
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•
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deployment of auto-throttle and vertical navigation to maintain optimum cruising speeds;
|
•
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implementation of engine start procedures to support the Company's single engine taxi procedures;
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•
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adjustment of the timing of auxiliary power unit starts on originating flights to reduce auxiliary power unit usage;
|
•
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implementation of fuel planning initiatives to safely reduce loading of excess fuel;
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•
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aircraft cabin interior retrofitting to reduce weight;
|
•
|
reduction of aircraft engine idle speed while on the ground, which also increases engine life;
|
•
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galley refreshes with dry goods weight reduction;
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•
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Company optimized routes (flying the best wind routes to take advantage of tailwinds or to minimize headwinds);
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•
|
improvements in flight planning algorithms to better match the Company's aircraft flight management system (and thereby enabling the Company to fly at the most efficient altitudes);
|
•
|
substitution of Pilot and Flight Attendant flight bags with lighter Electronic Flight Bag tablets; and
|
•
|
implementation of Real Time Descent Winds (automatic uplinking of up-to-date wind data to the aircraft allowing crews to time the descent to minimize thrust inputs).
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Employee Group
|
Approximate Number of Employees
|
Representatives
|
Status of Agreement
|
Southwest Pilots
|
8,600
|
Southwest Airlines Pilots' Association ("SWAPA")
|
Amendable September 2020
|
Southwest Flight Attendants
|
14,500
|
Transportation Workers of America, AFL-CIO, Local 556 ("TWU 556")
|
Amendable November 2018
|
Southwest Ramp, Operations, Provisioning, Freight Agents
|
12,800
|
Transportation Workers of America, AFL-CIO, Local 555 ("TWU 555")
|
Amendable February 2021
|
Southwest Customer Service Agents, Customer Representatives, and Source of Support Representatives
|
7,400
|
International Association of Machinists and Aerospace Workers, AFL-CIO ("IAM 142")
|
Amendable December 2018
|
Southwest Material Specialists (formerly known as Stock Clerks)
|
300
|
International Brotherhood of Teamsters, Local 19 ("IBT 19")
|
In negotiations
|
Southwest Mechanics
|
2,400
|
Aircraft Mechanics Fraternal Association ("AMFA")
|
In negotiations
|
Southwest Aircraft Appearance Technicians
|
200
|
AMFA
|
Amendable November 2020
|
Southwest Facilities Maintenance Technicians
|
40
|
AMFA
|
Amendable November 2022
|
Southwest Dispatchers
|
350
|
Transportation Workers of America, AFL-CIO, Local 550 ("TWU 550")
|
Amendable June 2019
|
Southwest Flight Simulator Technicians
|
50
|
International Brotherhood of Teamsters ("IBT")
|
Amendable May 2019
|
Southwest Flight Crew Training Instructors
|
120
|
Transportation Workers of America, AFL-CIO, Local 557 ("TWU 557")
|
Amendable January 2020
|
Southwest Meteorologists
|
10
|
TWU 550
|
Amendable June 2019
|
•
|
increases in airport rates and charges;
|
•
|
limitations on airport gate capacity or use of other airport facilities such as the 2016 and 2017 reallocation of slots at John Wayne Airport in Orange County, California, which caused the Company to reduce service at that airport;
|
•
|
limitations on route authorities;
|
•
|
actions and decisions that create difficulties in obtaining access at slot-controlled airports;
|
•
|
actions and decisions that create difficulties in obtaining operating permits and approvals;
|
•
|
changes to environmental regulations;
|
•
|
new or increased taxes or fees;
|
•
|
changes to laws that affect the services that can be offered by airlines in particular markets and at particular airports;
|
•
|
restrictions on competitive practices;
|
•
|
changes in laws that increase costs for safety, security, compliance, or other Customer Service standards;
|
•
|
changes in laws that may limit the Company's ability to enter into fuel derivative contracts to hedge against increases in fuel prices;
|
•
|
changes in laws that may limit or regulate the Company's ability to promote the Company’s business or fares; and
|
•
|
the adoption of more restrictive locally-imposed noise regulations.
|
•
|
adverse weather and natural disasters such as the hurricanes and earthquakes in third quarter 2017, which resulted in approximately $100 million in reduced revenues for the Company as a result of approximately 5,000 canceled flights;
|
•
|
changes in consumer preferences, perceptions, spending patterns, or demographic trends (including, without limitation, changes in government travel patterns due to government shutdowns or sequestration);
|
•
|
actual or potential disruptions in the air traffic control system (including, without limitation, as a result of potential FAA budget cuts due to government shutdowns or sequestration);
|
•
|
changes in the competitive environment due to industry consolidation, industry bankruptcies, and other factors;
|
•
|
air traffic congestion and other air traffic control issues;
|
•
|
outbreaks of disease; and
|
•
|
actual or threatened war, terrorist attacks, and political instability.
|
Type
|
|
Seats
|
|
Average
Age
(Yrs)
|
|
Number of
Aircraft
|
|
Number
Owned (a)
|
|
Number
Leased
|
||||
737-700
|
|
143
|
|
14
|
|
|
512
|
|
|
397
|
|
|
115
|
|
737-800
|
|
175
|
|
3
|
|
|
181
|
|
|
174
|
|
|
7
|
|
737 MAX 8
|
|
175
|
|
—
|
|
|
13
|
|
|
13
|
|
|
—
|
|
Totals
|
|
|
|
11
|
|
|
706
|
|
|
584
|
|
|
122
|
|
(a)
|
As discussed further in Note
6
to the Consolidated Financial Statements,
203
of the Company's aircraft were pledged as collateral as of
December 31, 2017
, for secured borrowings and/or in the case that the Company has obligations related to its fuel derivative instruments with counterparties that exceed certain thresholds.
|
|
The Boeing Company
|
|
|
|
|||||||||||
|
-800 Firm Orders
|
MAX 7 Firm Orders
|
MAX 8 Firm Orders
|
|
MAX 8 Options
|
|
Additional -700s
|
|
Total
|
||||||
2018
|
26
|
|
—
|
|
14
|
|
|
—
|
|
|
4
|
|
|
44
|
|
2019
|
—
|
|
7
|
|
15
|
|
|
—
|
|
|
—
|
|
|
22
|
|
2020
|
—
|
|
—
|
|
25
|
|
|
—
|
|
|
—
|
|
|
25
|
|
2021
|
—
|
|
—
|
|
34
|
|
|
—
|
|
|
—
|
|
|
34
|
|
2022
|
—
|
|
—
|
|
17
|
|
|
14
|
|
|
—
|
|
|
31
|
|
2023
|
—
|
|
12
|
|
22
|
|
|
23
|
|
|
—
|
|
|
57
|
|
2024
|
—
|
|
11
|
|
30
|
|
|
23
|
|
|
—
|
|
|
64
|
|
2025
|
—
|
|
—
|
|
40
|
|
|
36
|
|
|
—
|
|
|
76
|
|
2026
|
—
|
|
—
|
|
—
|
|
|
36
|
|
|
—
|
|
|
36
|
|
2027
|
—
|
|
—
|
|
—
|
|
|
23
|
|
|
—
|
|
|
23
|
|
|
26
|
|
30
|
|
197
|
|
(a)
|
155
|
|
|
4
|
|
(b)
|
412
|
|
Item 4.
|
Mine Safety Disclosures
|
Name
|
Position
|
Age
|
Gary C. Kelly
|
Chairman of the Board & Chief Executive Officer
|
62
|
Thomas M. Nealon
|
President
|
56
|
Michael G. Van de Ven
|
Chief Operating Officer
|
56
|
Robert E. Jordan
|
Executive Vice President Corporate Services
|
57
|
Tammy Romo
|
Executive Vice President & Chief Financial Officer
|
55
|
Andrew M. Watterson
|
Executive Vice President & Chief Revenue Officer
|
51
|
Gregory D. Wells
|
Executive Vice President Daily Operations
|
59
|
Mark R. Shaw
|
Senior Vice President, General Counsel, & Corporate Secretary
|
55
|
Period
|
|
Dividend
|
|
High
|
|
Low
|
||||||
2017
|
|
|
|
|
|
|
||||||
1st Quarter
|
|
$
|
0.10000
|
|
|
$
|
59.68
|
|
|
$
|
48.75
|
|
2nd Quarter
|
|
0.12500
|
|
|
62.74
|
|
|
52.89
|
|
|||
3rd Quarter
|
|
0.12500
|
|
|
64.39
|
|
|
49.76
|
|
|||
4th Quarter
|
|
0.12500
|
|
|
66.99
|
|
|
52.78
|
|
|||
2016
|
|
|
|
|
|
|
||||||
1st Quarter
|
|
$
|
0.07500
|
|
|
$
|
45.39
|
|
|
$
|
33.96
|
|
2nd Quarter
|
|
0.10000
|
|
|
48.00
|
|
|
36.48
|
|
|||
3rd Quarter
|
|
0.10000
|
|
|
45.00
|
|
|
35.42
|
|
|||
4th Quarter
|
|
0.10000
|
|
|
51.31
|
|
|
36.91
|
|
|
|
12/31/2012
|
|
12/31/2013
|
|
12/31/2014
|
|
12/31/2015
|
|
12/31/2016
|
|
12/31/2017
|
||||||||||||
Southwest Airlines Co.
|
|
$
|
100
|
|
|
$
|
185
|
|
|
$
|
418
|
|
|
$
|
428
|
|
|
$
|
500
|
|
|
$
|
661
|
|
S&P 500
|
|
$
|
100
|
|
|
$
|
132
|
|
|
$
|
150
|
|
|
$
|
152
|
|
|
$
|
170
|
|
|
$
|
206
|
|
NYSE ARCA Airline
|
|
$
|
100
|
|
|
$
|
158
|
|
|
$
|
237
|
|
|
$
|
201
|
|
|
$
|
258
|
|
|
$
|
274
|
|
Issuer Purchases of Equity Securities (1)
|
|
||||||||||||||
|
|
(a)
|
|
(b)
|
|
(c)
|
|
(d)
|
|
||||||
|
|
|
|
|
|
Total number of
|
|
Maximum dollar
|
|
||||||
|
|
|
|
|
|
shares purchased
|
|
value of shares that
|
|
||||||
|
|
Total number
|
|
Average
|
|
as part of publicly
|
|
may yet be purchased
|
|
||||||
|
|
of shares
|
|
price paid
|
|
announced plans
|
|
under the plans
|
|
||||||
Period
|
|
purchased
|
|
per share
|
|
or programs
|
|
or programs
|
|
||||||
October 1, 2017 through
October 31, 2017
|
|
1,206,365
|
|
|
$
|
—
|
|
(2)
|
1,206,365
|
|
|
$
|
1,700,000,000
|
|
|
November 1, 2017 through
November 30, 2017
|
|
670,000
|
|
|
$
|
—
|
|
(3)(4)
|
670,000
|
|
|
$
|
1,410,017,716
|
|
|
December 1, 2017 through
December 31, 2017
|
|
4,280,204
|
|
|
$
|
—
|
|
(3)(5)
|
4,280,204
|
|
|
$
|
1,350,032,588
|
|
|
Total
|
|
6,156,569
|
|
|
|
|
6,156,569
|
|
|
|
|
(1)
|
On
May 17, 2017
, the Company’s Board of Directors authorized the repurchase of up to
$2.0 billion
of the Company’s common stock. Repurchases are made in accordance with applicable securities laws in open market, private, or accelerated repurchase transactions from time to time, depending on market conditions, and may be discontinued at any time.
|
(2)
|
Under an accelerated share repurchase program entered into by the Company with a third party financial institution in third quarter 2017 (the "Third Quarter 2017 ASR Program"), the Company paid
$300 million
and received an initial delivery of
4,130,592
shares during August 2017, representing an estimated 75 percent of the shares to be purchased by the Company under the Third Quarter 2017 ASR Program based on a volume-weighted average price of
$54.4716
per share, which was the closing price of the Company’s common stock on the New York Stock Exchange during a calculation period between August 1, 2017 and August 24, 2017. Final settlement of the Third Quarter 2017 ASR Program occurred in October 2017 and was determined based generally on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period completed in October 2017. Upon settlement, the third party financial institution delivered
1,206,365
additional shares of the Company’s common stock to the Company. In total, the average purchase price per share for the
5,336,957
shares repurchased under the Third Quarter 2017 ASR Program, upon completion of the Third Quarter 2017 ASR Program in October 2017, was
$56.2118
.
|
(3)
|
Under an accelerated share repurchase program entered into by the Company with a third party financial institution in fourth quarter 2017 (the "Fourth Quarter 2017 ASR Program"), the Company paid
$250 million
in November 2017 and received an initial delivery of
3,323,537
shares during December 2017, representing an estimated 75 percent of the shares to be purchased by the Company under the Fourth Quarter 2017 ASR Program based on a volume-weighted average price of
$56.4158
per share of the Company’s common stock on the New York Stock Exchange during a calculation period between November 8, 2017 and December 6, 2017. Final settlement of the Fourth Quarter 2017 ASR Program occurred in January 2018 and was determined based generally on a discount to the volume-weighted average price per share of the Company's common stock during a calculation period completed in January 2018. Upon settlement, the third party financial institution delivered
736,838
additional shares of the Company’s common stock to the Company. In total, the average purchase price per share for the
4,060,375
shares repurchased under the Fourth Quarter 2017 ASR Program, upon completion of the Fourth Quarter 2017 ASR Program in January 2018, was
$61.5707
.
|
(4)
|
During the period from November 29, 2017 through November 30, 2017, the Company repurchased
670,000
shares of its common stock on the open market at an average price of
$59.6751
per share.
|
(5)
|
During the period from December 1, 2017 through December 15, 2017, the Company repurchased
956,667
shares of its common stock on the open market at an average price of
$62.7022
per share.
|
|
|
Year ended December 31,
|
||||||||||||||||||
|
|
2017
|
|
2016
|
|
2015
|
|
2014
|
|
2013
|
||||||||||
Financial Data (in millions, except per share amounts):
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating revenues
|
|
$
|
21,171
|
|
|
$
|
20,425
|
|
|
$
|
19,820
|
|
|
$
|
18,605
|
|
|
$
|
17,699
|
|
Operating expenses
|
|
17,656
|
|
|
16,665
|
|
|
15,704
|
|
|
16,380
|
|
|
16,421
|
|
|||||
Operating income
|
|
3,515
|
|
|
3,760
|
|
|
4,116
|
|
|
2,225
|
|
|
1,278
|
|
|||||
Other expenses (income) net
|
|
264
|
|
|
213
|
|
|
637
|
|
|
409
|
|
|
69
|
|
|||||
Income before taxes
|
|
3,251
|
|
|
3,547
|
|
|
3,479
|
|
|
1,816
|
|
|
1,209
|
|
|||||
Provision for income taxes
|
|
(237
|
)
|
|
1,303
|
|
|
1,298
|
|
|
680
|
|
|
455
|
|
|||||
Net income
|
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
$
|
2,181
|
|
|
$
|
1,136
|
|
|
$
|
754
|
|
Net income per share, basic
|
|
$
|
5.80
|
|
|
$
|
3.58
|
|
|
$
|
3.30
|
|
|
$
|
1.65
|
|
|
$
|
1.06
|
|
Net income per share, diluted
|
|
$
|
5.79
|
|
|
$
|
3.55
|
|
|
$
|
3.27
|
|
|
$
|
1.64
|
|
|
$
|
1.05
|
|
Cash dividends per common share
|
|
$
|
0.4750
|
|
|
$
|
0.3750
|
|
|
$
|
0.2850
|
|
|
$
|
0.2200
|
|
|
$
|
0.1300
|
|
Total assets at period-end
|
|
$
|
25,110
|
|
|
$
|
23,286
|
|
|
$
|
21,312
|
|
|
$
|
19,723
|
|
|
$
|
19,177
|
|
Long-term obligations at period-end
|
|
$
|
3,320
|
|
|
$
|
2,821
|
|
|
$
|
2,541
|
|
|
$
|
2,434
|
|
|
$
|
2,191
|
|
Stockholders’ equity at period-end
|
|
$
|
10,430
|
|
|
$
|
8,441
|
|
|
$
|
7,358
|
|
|
$
|
6,775
|
|
|
$
|
7,336
|
|
Operating Data:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Revenue passengers carried
|
|
130,256,190
|
|
|
124,719,765
|
|
|
118,171,211
|
|
|
110,496,912
|
|
|
108,075,976
|
|
|||||
Enplaned passengers
|
|
157,677,218
|
|
|
151,740,357
|
|
|
144,574,882
|
|
|
135,767,188
|
|
|
133,155,030
|
|
|||||
Revenue passenger miles (RPMs) (000s) (a)
|
|
129,041,420
|
|
|
124,797,986
|
|
|
117,499,879
|
|
|
108,035,133
|
|
|
104,348,216
|
|
|||||
Available seat miles (ASMs) (000s) (b)
|
|
153,811,072
|
|
|
148,522,051
|
|
|
140,501,409
|
|
|
131,003,957
|
|
|
130,344,072
|
|
|||||
Load factor (c)
|
|
83.9
|
%
|
|
84.0
|
%
|
|
83.6
|
%
|
|
82.5
|
%
|
|
80.1
|
%
|
|||||
Average length of passenger haul (miles)
|
|
991
|
|
|
1,001
|
|
|
994
|
|
|
978
|
|
|
966
|
|
|||||
Average aircraft stage length (miles)
|
|
754
|
|
|
760
|
|
|
750
|
|
|
721
|
|
|
703
|
|
|||||
Trips flown
|
|
1,347,893
|
|
|
1,311,149
|
|
|
1,267,358
|
|
|
1,255,502
|
|
|
1,312,785
|
|
|||||
Seats flown (d)
|
|
200,878,967
|
|
|
193,167,695
|
|
|
184,955,094
|
|
|
179,733,055
|
|
|
183,563,527
|
|
|||||
Seats per trip (e)
|
|
149.03
|
|
|
147.33
|
|
|
145.94
|
|
|
143.16
|
|
|
139.83
|
|
|||||
Average passenger fare (j)
|
|
$
|
146.95
|
|
|
$
|
149.09
|
|
|
$
|
154.85
|
|
|
$
|
159.80
|
|
|
$
|
154.72
|
|
Passenger revenue yield per RPM (cents) (f)(j)
|
|
14.83
|
|
|
14.90
|
|
|
15.57
|
|
|
16.34
|
|
|
16.02
|
|
|||||
Operating revenue per ASM (cents) (g)
|
|
13.76
|
|
|
13.75
|
|
|
13.98
|
|
|
14.20
|
|
|
13.58
|
|
|||||
Passenger revenue per ASM (cents) (h)(j)
|
|
12.44
|
|
|
12.52
|
|
|
13.02
|
|
|
13.48
|
|
|
12.83
|
|
|||||
Operating expenses per ASM (cents) (i)
|
|
11.48
|
|
|
11.22
|
|
|
11.18
|
|
|
12.50
|
|
|
12.60
|
|
|||||
Operating expenses per ASM, excluding fuel (cents)
|
|
8.92
|
|
|
8.76
|
|
|
8.60
|
|
|
8.46
|
|
|
8.18
|
|
|||||
Operating expenses per ASM, excluding fuel and profitsharing (cents)
|
|
8.56
|
|
|
8.37
|
|
|
8.16
|
|
|
8.19
|
|
|
8.01
|
|
|||||
Fuel costs per gallon, including fuel tax
|
|
$
|
1.92
|
|
|
$
|
1.82
|
|
|
$
|
1.90
|
|
|
$
|
2.93
|
|
|
$
|
3.16
|
|
Fuel costs per gallon, including fuel tax, economic
|
|
$
|
2.00
|
|
|
$
|
1.92
|
|
|
$
|
2.07
|
|
|
$
|
2.92
|
|
|
$
|
3.12
|
|
Fuel consumed, in gallons (millions)
|
|
2,045
|
|
|
1,996
|
|
|
1,901
|
|
|
1,801
|
|
|
1,818
|
|
|||||
Active fulltime equivalent Employees
|
|
56,110
|
|
|
53,536
|
|
|
49,583
|
|
|
46,278
|
|
|
44,381
|
|
|||||
Aircraft at end of period
|
|
706
|
|
|
723
|
|
|
704
|
|
|
665
|
|
|
681
|
|
(a)
|
A revenue passenger mile is one paying passenger flown one mile. Also referred to as "traffic," which is a measure of demand for a given period.
|
(b)
|
An available seat mile is one seat (empty or full) flown one mile. Also referred to as "capacity," which is a measure of the space available to carry passengers in a given period.
|
(c)
|
Revenue passenger miles divided by available seat miles.
|
(d)
|
Seats flown is calculated using total number of seats available by aircraft type multiplied by the total trips flown by the same aircraft type during a particular period.
|
(e)
|
Seats per trip is calculated using seats flown divided by trips flown. Also referred to as "gauge."
|
(f)
|
Calculated as passenger revenue divided by revenue passenger miles. Also referred to as "yield," this is the average cost paid by a paying passenger to fly one mile, which is a measure of revenue production and fares.
|
(g)
|
Calculated as operating revenues divided by available seat miles. Also referred to as "operating unit revenues" or "RASM," this is a measure of operating revenue production based on the total available seat miles flown during a particular period. Year ended 2015 RASM excludes a $172 million one-time special revenue adjustment. Including the special revenue adjustment, RASM would have been 14.11 cents for the year ended 2015. Additional information regarding this special item is provided in the
Note Regarding Use of Non-GAAP Financial Measures
.
|
(h)
|
Calculated as passenger revenue divided by available seat miles. Also referred to as "passenger unit revenues," this is a measure of passenger revenue production based on the total available seat miles flown during a particular period.
|
(i)
|
Calculated as operating expenses divided by available seat miles. Also referred to as "unit costs" or "cost per available seat mile," this is the average cost to fly an aircraft seat (empty or full) one mile, which is a measure of cost efficiencies.
|
(j)
|
Refer to Note 1 to the Consolidated Financial Statements for additional information regarding the impact from the Company's July 2015 amended co-branded credit card agreement with Chase Bank USA, N.A.
|
|
|
Year ended
|
|
|
||||||
(in millions, except per share amounts)
|
|
December 31,
|
|
|
||||||
GAAP
|
|
2017
|
|
2016
|
|
Percent Change
|
||||
Operating income
|
|
$
|
3,515
|
|
|
$
|
3,760
|
|
|
(6.5)
|
Net income
|
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
55.4
|
Net income per share, diluted
|
|
$
|
5.79
|
|
|
$
|
3.55
|
|
|
63.1
|
|
|
|
|
|
|
|
|
|
||
Non-GAAP
|
|
|
|
|
|
|
||||
Operating income
|
|
$
|
3,455
|
|
|
$
|
3,957
|
|
|
(12.7)
|
Net income
|
|
$
|
2,107
|
|
|
$
|
2,370
|
|
|
(11.1)
|
Net income per share, diluted
|
|
$
|
3.50
|
|
|
$
|
3.75
|
|
|
(6.7)
|
|
Year ended December 31,
|
|
Per ASM
|
|
Percent
|
|||||||||
(in cents, except for percentages)
|
2017
|
|
2016
|
|
change
|
|
change
|
|||||||
Salaries, wages, and benefits
|
|
4.76
|
¢
|
|
|
4.57
|
¢
|
|
|
0.19
|
¢
|
|
4.2
|
%
|
Fuel and oil
|
2.56
|
|
|
2.46
|
|
|
0.10
|
|
|
4.1
|
|
|||
Maintenance materials and repairs
|
0.65
|
|
|
0.70
|
|
|
(0.05
|
)
|
|
(7.1
|
)
|
|||
Aircraft rentals
|
0.13
|
|
|
0.15
|
|
|
(0.02
|
)
|
|
(13.3
|
)
|
|||
Landing fees and other rentals
|
0.84
|
|
|
0.82
|
|
|
0.02
|
|
|
2.4
|
|
|||
Depreciation and amortization
|
0.79
|
|
|
0.82
|
|
|
(0.03
|
)
|
|
(3.7
|
)
|
|||
Other operating expenses
|
1.75
|
|
|
1.70
|
|
|
0.05
|
|
|
2.9
|
|
|||
Total
|
|
11.48
|
¢
|
|
|
11.22
|
¢
|
|
|
0.26
|
¢
|
|
2.3
|
%
|
Employee Group
|
Approximate Number of Employees
|
Representatives
|
Amendable Date
|
Southwest Material Specialists (formerly known as Stock Clerks)
|
300
|
International Brotherhood of Teamsters, Local 19 ("IBT 19")
|
August 2013
|
Southwest Mechanics
|
2,400
|
Aircraft Mechanics Fraternal Association ("AMFA")
|
August 2012
|
Period
|
Maximum percent of estimated fuel consumption covered by fuel derivative contracts at varying West Texas Intermediate/Brent Crude Oil, Heating Oil, and Gulf Coast Jet Fuel-equivalent price levels (a)
|
||||
2018
|
78%
|
||||
2019
|
63%
|
||||
2020
|
31%
|
||||
Beyond 2020 (b)
|
11%
|
Year
|
|
Fair value of fuel
derivative contracts
at December 31, 2017
|
|
Amount of gains (losses) deferred
in AOCI at December 31,
2017 (net of tax)
|
||||
2018
|
|
$
|
112
|
|
|
$
|
(9
|
)
|
2019
|
|
75
|
|
|
8
|
|
||
2020
|
|
42
|
|
|
3
|
|
||
Beyond 2020
|
|
19
|
|
|
—
|
|
||
Total
|
|
$
|
248
|
|
|
$
|
2
|
|
|
Year ended December 31,
|
||||||
(in millions)
|
2017
|
|
2016
|
||||
Mark-to-market impact from fuel contracts settling in future periods
|
$
|
69
|
|
|
$
|
9
|
|
Ineffectiveness from fuel hedges settling in future periods
|
31
|
|
|
(11
|
)
|
||
Realized ineffectiveness and mark-to-market (gains) or losses
|
6
|
|
|
5
|
|
||
Premium cost of fuel contracts
|
135
|
|
|
153
|
|
||
Other
|
(7
|
)
|
|
6
|
|
||
|
$
|
234
|
|
|
$
|
162
|
|
|
Year ended December 31,
|
|
Per ASM
|
|
Percent
change
|
|||||||||
(in cents, except for percentages)
|
2016
|
|
2015
|
|
change
|
|||||||||
Salaries, wages, and benefits
|
|
4.57
|
¢
|
|
|
4.54
|
¢
|
|
|
0.03
|
¢
|
|
0.7
|
%
|
Fuel and oil
|
2.46
|
|
|
2.58
|
|
|
(0.12
|
)
|
|
(4.7
|
)
|
|||
Maintenance materials and repairs
|
0.70
|
|
|
0.72
|
|
|
(0.02
|
)
|
|
(2.8
|
)
|
|||
Aircraft rentals
|
0.15
|
|
|
0.17
|
|
|
(0.02
|
)
|
|
(11.8
|
)
|
|||
Landing fees and other rentals
|
0.82
|
|
|
0.83
|
|
|
(0.01
|
)
|
|
(1.2
|
)
|
|||
Depreciation and amortization
|
0.82
|
|
|
0.72
|
|
|
0.10
|
|
|
—
|
|
|||
Acquisition and integration
|
—
|
|
|
0.03
|
|
|
(0.03
|
)
|
|
(100.0
|
)
|
|||
Other operating expenses
|
1.70
|
|
|
1.59
|
|
|
0.11
|
|
|
6.9
|
|
|||
Total
|
|
11.22
|
¢
|
|
|
11.18
|
¢
|
|
|
0.04
|
¢
|
|
0.4
|
%
|
|
Year ended December 31,
|
||||||
(in millions)
|
2016
|
|
2015
|
||||
Mark-to-market impact from fuel contracts settling in future periods
|
$
|
9
|
|
|
$
|
373
|
|
Ineffectiveness from fuel hedges settling in future periods
|
(11
|
)
|
|
(9
|
)
|
||
Realized ineffectiveness and mark-to-market (gains) or losses
|
5
|
|
|
72
|
|
||
Premium cost of fuel contracts
|
153
|
|
|
124
|
|
||
Other
|
6
|
|
|
(4
|
)
|
||
|
$
|
162
|
|
|
$
|
556
|
|
|
Year ended December 31,
|
|
Percent
|
|||||||
|
2017
|
|
2016
|
|
Change
|
|||||
Fuel and oil expense, unhedged
|
$
|
3,524
|
|
|
$
|
2,827
|
|
|
|
|
Add: Fuel hedge (gains) losses included in Fuel and oil expense, net
|
416
|
|
|
820
|
|
|
|
|||
Fuel and oil expense, as reported
|
$
|
3,940
|
|
|
$
|
3,647
|
|
|
|
|
Add: Net impact from fuel contracts
|
156
|
|
|
202
|
|
|
|
|||
Fuel and oil expense, excluding special items (economic)
|
$
|
4,096
|
|
|
$
|
3,849
|
|
|
6.4
|
%
|
|
|
|
|
|
|
|||||
Total operating expenses, as reported
|
$
|
17,656
|
|
|
$
|
16,665
|
|
|
|
|
Deduct: Contract ratification bonuses
|
—
|
|
|
(356
|
)
|
|
|
|||
Add: Reclassification between Fuel and oil and Other (gains) losses, net,
associated with current period settled contracts
|
6
|
|
|
5
|
|
|
|
|||
Add: Contracts settling in the current period, but for which gains and/or (losses)
have been recognized in a prior period (a)
|
150
|
|
|
197
|
|
|
|
|||
Deduct: Asset impairment
|
—
|
|
|
(21
|
)
|
|
|
|||
Deduct: Lease termination expense
|
(33
|
)
|
|
(22
|
)
|
|
|
|||
Deduct: Aircraft grounding charge
|
(63
|
)
|
|
—
|
|
|
|
|||
Total operating expenses, excluding special items
|
$
|
17,716
|
|
|
$
|
16,468
|
|
|
7.6
|
%
|
|
|
|
|
|
|
|||||
Operating income, as reported
|
$
|
3,515
|
|
|
$
|
3,760
|
|
|
|
|
Add: Contract ratification bonuses
|
—
|
|
|
356
|
|
|
|
|||
Deduct: Reclassification between Fuel and oil and Other (gains) losses, net,
associated with current period settled contracts
|
(6
|
)
|
|
(5
|
)
|
|
|
|||
Deduct: Contracts settling in the current period, but for which gains and/or (losses)
have been recognized in a prior period (a)
|
(150
|
)
|
|
(197
|
)
|
|
|
|||
Add: Asset impairment
|
—
|
|
|
21
|
|
|
|
|||
Add: Lease termination expense
|
33
|
|
|
22
|
|
|
|
|||
Add: Aircraft grounding charge
|
63
|
|
|
—
|
|
|
|
|||
Operating income, excluding special items
|
$
|
3,455
|
|
|
$
|
3,957
|
|
|
(12.7
|
)%
|
|
|
|
|
|
|
|||||
Provision for income taxes, as reported
|
$
|
(237
|
)
|
|
$
|
1,303
|
|
|
|
|
Add: Income tax impact of fuel and special items, excluding Tax reform
impact (b)
|
17
|
|
|
74
|
|
|
|
|||
Add: Tax reform impact (c)
|
1,410
|
|
|
—
|
|
|
|
|||
Provision for income taxes, excluding special items
|
$
|
1,190
|
|
|
$
|
1,377
|
|
|
(13.6
|
)%
|
|
|
|
|
|
|
|||||
Net income, as reported
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
|
|
Add: Contract ratification bonuses
|
—
|
|
|
356
|
|
|
|
|||
Add: Mark-to-market impact from fuel contracts settling in future periods
|
69
|
|
|
9
|
|
|
|
|||
Add (Deduct): Ineffectiveness from fuel hedges settling in future periods
|
31
|
|
|
(11
|
)
|
|
|
|||
Deduct: Other net impact of fuel contracts settling in the current or a prior period
(excluding reclassifications)
|
(150
|
)
|
|
(197
|
)
|
|
|
|||
Add: Asset impairment
|
—
|
|
|
21
|
|
|
|
|||
Add: Lease termination expense
|
33
|
|
|
22
|
|
|
|
|||
Add: Aircraft grounding charge
|
63
|
|
|
—
|
|
|
|
|||
Deduct: Net income tax impact from fuel and special items (b)
|
(17
|
)
|
|
(74
|
)
|
|
|
|||
Deduct: Tax reform impact (c)
|
(1,410
|
)
|
|
—
|
|
|
|
|||
Net income, excluding special items
|
$
|
2,107
|
|
|
$
|
2,370
|
|
|
(11.1
|
)%
|
|
Year ended December 31,
|
|
Percent
|
|||||||
|
2017
|
|
2016
|
|
Change
|
|||||
Net income per share, diluted, as reported
|
$
|
5.79
|
|
|
$
|
3.55
|
|
|
|
|
Deduct: Net impact to net income above from fuel contracts divided by
dilutive shares
|
(0.08
|
)
|
|
(0.31
|
)
|
|
|
|||
Add: Impact of special items
|
0.16
|
|
|
0.63
|
|
|
|
|||
Deduct: Net income tax impact of fuel and special items, excluding Tax reform
impact (b)
|
(0.03
|
)
|
|
(0.12
|
)
|
|
|
|||
Deduct: Tax reform impact (c)
|
(2.34
|
)
|
|
—
|
|
|
|
|||
Net income per share, diluted, excluding special items
|
$
|
3.50
|
|
|
$
|
3.75
|
|
|
(6.7
|
)%
|
|
|
|
|
|
|
|||||
Operating expenses per ASM (cents)
|
|
11.48
|
¢
|
|
|
11.22
|
¢
|
|
|
|
Deduct: Fuel expense divided by ASMs
|
(2.56
|
)
|
|
(2.46
|
)
|
|
|
|||
Deduct: Impact of special items
|
(0.07
|
)
|
|
(0.27
|
)
|
|
|
|||
Operating expenses per ASM, excluding Fuel and oil and special items (cents)
|
|
8.85
|
¢
|
|
|
8.49
|
¢
|
|
4.2
|
%
|
|
Year Ended
|
|
Year Ended
|
|
Year Ended
|
||||||
|
December 31, 2017
|
|
December 31, 2016
|
|
December 31, 2015
|
||||||
Operating income, as reported
|
$
|
3,515
|
|
|
$
|
3,760
|
|
|
$
|
4,116
|
|
Special revenue adjustment (a)
|
—
|
|
|
—
|
|
|
(172
|
)
|
|||
Contract ratification bonuses
|
—
|
|
|
356
|
|
|
334
|
|
|||
Net impact from fuel contracts
|
(156
|
)
|
|
(202
|
)
|
|
(323
|
)
|
|||
Acquisition and integration costs
|
—
|
|
|
—
|
|
|
39
|
|
|||
Litigation settlement
|
—
|
|
|
—
|
|
|
(37
|
)
|
|||
Asset impairment
|
—
|
|
|
21
|
|
|
—
|
|
|||
Lease termination expense
|
33
|
|
|
22
|
|
|
—
|
|
|||
Aircraft grounding charge
|
63
|
|
|
—
|
|
|
—
|
|
|||
Operating income, non-GAAP
|
3,455
|
|
|
3,957
|
|
|
3,957
|
|
|||
Net adjustment for aircraft leases (b)
|
109
|
|
|
111
|
|
|
114
|
|
|||
Adjustment for fuel hedge accounting (c)
|
(135
|
)
|
|
(152
|
)
|
|
(124
|
)
|
|||
Adjusted Operating income, non-GAAP (A)
|
$
|
3,429
|
|
|
$
|
3,916
|
|
|
$
|
3,947
|
|
|
|
|
|
|
|
||||||
Debt, including capital leases (d)
|
$
|
3,259
|
|
|
$
|
3,304
|
|
|
$
|
2,782
|
|
Equity (d)
|
8,881
|
|
|
7,833
|
|
|
7,032
|
|
|||
Net present value of aircraft operating leases (d)
|
785
|
|
|
1,015
|
|
|
1,223
|
|
|||
Average invested capital
|
$
|
12,925
|
|
|
$
|
12,152
|
|
|
$
|
11,037
|
|
Equity adjustment for hedge accounting (c)
|
296
|
|
|
886
|
|
|
1,027
|
|
|||
Adjusted average invested capital (B)
|
$
|
13,221
|
|
|
$
|
13,038
|
|
|
$
|
12,064
|
|
|
|
|
|
|
|
||||||
Non-GAAP ROIC, pre-tax (A/B)
|
25.9
|
%
|
|
30.0
|
%
|
|
32.7
|
%
|
1.
|
A one-time $172 million Special revenue adjustment in July 2015 as a result of the Agreement with Chase and the resulting required change in accounting methodology. This increase to revenue represented a nonrecurring required acceleration of revenues associated with the adoption of Accounting Standards Update 2009-13;
|
2.
|
Contract ratification bonuses recorded for certain workgroups. As the bonuses would only be paid at ratification of the associated tentative agreement and would not represent an ongoing expense to the Company, management believes its results for the associated periods are more usefully compared if the impacts of ratification bonus amounts are excluded from results. Generally, union contract agreements cover a specified three- to five- year period, although such contracts officially never expire, and the agreed upon terms remain in place until a revised agreement is reached, which can be several years following the amendable date;
|
3.
|
E
xpenses associated with the Company’s acquisition and integration of AirTran. Such expenses were primarily incurred during the acquisition and integration period of the two companies from 2011 through 2015 as a result of the Company’s acquisition of AirTran, which closed on May 2, 2011. The exclusion of these expenses provides investors with a more applicable basis with which to compare results in future periods now that the integration process has been completed;
|
4.
|
A gain resulting from a litigation settlement received in January 2015. This cash settlement meaningfully lowered Other operating expenses during the applicable period and the Company does not expect a similar impact on its cost structure in the future;
|
5.
|
A noncash impairment charge related to leased slots at Newark Liberty International Airport as a result of the FAA announcement in April 2016 that this airport was being changed to a Level 2 schedule-facilitated airport from its previous designation as Level 3;
|
6.
|
Lease termination costs recorded as a result of the Company acquiring 13 of its Boeing 737-300 aircraft off operating leases as part of the Company’s strategic effort to remove its Classic aircraft from operations on or before September 29, 2017, in the most economically advantageous manner possible. The Company had not budgeted for these early lease termination costs, as they were subject to negotiations being concluded with the third party lessors. The Company recorded the fair value of the aircraft acquired off operating leases, as well as any associated remaining obligations to the balance sheet as debt;
|
7.
|
An Aircraft grounding charge recorded in third quarter 2017, as a result of the Company grounding its remaining Boeing 737-300 aircraft on September 29, 2017. The loss was a result of the remaining net lease payments due and certain lease return requirements that could have to be performed on these leased aircraft prior to their return to the lessors as of the cease-use date. The Company had not budgeted for the lease return requirements, as they are subject to negotiation with third party lessors; and
|
8.
|
An adjustment to Provision for income taxes related to the Tax Cuts and Jobs Act legislation enacted in December 2017, which resulted in a re-measurement of the Company's deferred tax assets and liabilities at the new federal corporate tax rate of 21 percent. This adjustment is a non-cash item and is being treated as a special item.
|
Share repurchases (in millions)
|
|
Shares received
|
|
Cash paid
|
||
Third Quarter 2017 Accelerated Share Repurchase Program
|
|
5.3
|
|
$
|
300
|
|
Fourth Quarter 2017 Accelerated Share Repurchase Program
|
|
4.1
|
|
250
|
|
|
Open Market Share Repurchases
|
|
1.6
|
|
100
|
|
|
Total
|
|
11.0
|
|
$
|
650
|
|
|
|
Obligations by period (in millions)
|
||||||||||||||||||
Contractual obligations
|
|
2018
|
|
2019 - 2020
|
|
2021 - 2022
|
|
Thereafter
|
|
Total
|
||||||||||
Long-term debt (a)
|
|
$
|
256
|
|
|
$
|
1,239
|
|
|
$
|
481
|
|
|
$
|
818
|
|
|
$
|
2,794
|
|
Interest commitments - fixed (b)
|
|
77
|
|
|
116
|
|
|
83
|
|
|
121
|
|
|
397
|
|
|||||
Interest commitments - floating (c)
|
|
31
|
|
|
56
|
|
|
10
|
|
|
12
|
|
|
109
|
|
|||||
Facility construction commitments (d)
|
|
65
|
|
|
130
|
|
|
130
|
|
|
232
|
|
|
557
|
|
|||||
Facility operating lease commitments
|
|
34
|
|
|
64
|
|
|
45
|
|
|
89
|
|
|
232
|
|
|||||
Aircraft operating lease commitments (e)
|
|
223
|
|
|
355
|
|
|
137
|
|
|
80
|
|
|
795
|
|
|||||
Aircraft capital lease commitments (f)
|
|
107
|
|
|
211
|
|
|
196
|
|
|
416
|
|
|
930
|
|
|||||
Aircraft purchase commitments (g)
|
|
874
|
|
|
1,717
|
|
|
2,174
|
|
|
5,191
|
|
|
9,956
|
|
|||||
Other commitments
|
|
171
|
|
|
229
|
|
|
84
|
|
|
322
|
|
|
806
|
|
|||||
Total contractual obligations
|
|
$
|
1,838
|
|
|
$
|
4,117
|
|
|
$
|
3,340
|
|
|
$
|
7,281
|
|
|
$
|
16,576
|
|
(a)
|
Includes principal only. See Note
6
to the Consolidated Financial Statements.
|
(b)
|
Related to fixed-rate debt (either at issuance or through swaps) only.
|
(c)
|
Interest obligations associated with floating-rate debt (either at issuance or through swaps) is estimated utilizing forward interest rate curves as of
December 31, 2017
, and can be subject to significant fluctuation.
|
(d)
|
Includes some lease payments that are considered variable which have a related construction obligation. See Note
4
to the Consolidated Financial Statements.
|
(e)
|
Includes the impact of the B717 lease/sublease transaction entered into in
2012
. Also includes 15 remaining Classic aircraft on operating leases, which net remaining lease payments were included in the $63 million grounding charge recorded during 2017. See Note
7
to the Consolidated Financial Statements.
|
(f)
|
Includes principal and interest on capital leases.
|
(g)
|
Firm orders from Boeing.
|
|
|
Estimated useful life
|
|
Estimated
residual value
|
Airframes and engines
|
|
25 years
|
|
15 percent
|
Aircraft parts
|
|
Fleet life
|
|
4 percent
|
Assets constructed for others
|
|
10 to 30 years
|
|
17 to 75 percent
|
Ground property and equipment
|
|
5 to 30 years
|
|
0 to 10 percent
|
|
|
Principal
amount
(in millions)
|
|
Effective
fixed rate
|
|
Final
maturity
|
|
Underlying collateral
|
|||
Term Loan Agreement
|
|
$
|
66
|
|
|
6.315
|
%
|
|
5/6/2019
|
|
14 specified Boeing 737-700 aircraft
|
Term Loan Agreement
|
|
19
|
|
|
4.84
|
%
|
|
7/1/2019
|
|
4 specified Boeing 737-700 aircraft
|
|
Term Loan Agreement
|
|
237
|
|
|
5.223
|
%
|
|
5/9/2020
|
|
21 specified Boeing 737-700 aircraft
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
1,495
|
|
|
$
|
1,680
|
|
Short-term investments
|
1,778
|
|
|
1,625
|
|
||
Accounts and other receivables
|
662
|
|
|
546
|
|
||
Inventories of parts and supplies, at cost
|
420
|
|
|
337
|
|
||
Prepaid expenses and other current assets
|
460
|
|
|
310
|
|
||
Total current assets
|
4,815
|
|
|
4,498
|
|
||
|
|
|
|
||||
Property and equipment, at cost:
|
|
|
|
|
|
||
Flight equipment
|
21,368
|
|
|
20,275
|
|
||
Ground property and equipment
|
4,399
|
|
|
3,779
|
|
||
Deposits on flight equipment purchase contracts
|
919
|
|
|
1,190
|
|
||
Assets constructed for others
|
1,543
|
|
|
1,220
|
|
||
|
28,229
|
|
|
26,464
|
|
||
Less allowance for depreciation and amortization
|
9,690
|
|
|
9,420
|
|
||
|
18,539
|
|
|
17,044
|
|
||
Goodwill
|
970
|
|
|
970
|
|
||
Other assets
|
786
|
|
|
774
|
|
||
|
$
|
25,110
|
|
|
$
|
23,286
|
|
|
|
|
|
||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
|
|
||
Current liabilities:
|
|
|
|
|
|
||
Accounts payable
|
$
|
1,320
|
|
|
$
|
1,178
|
|
Accrued liabilities
|
1,777
|
|
|
1,985
|
|
||
Air traffic liability
|
3,460
|
|
|
3,115
|
|
||
Current maturities of long-term debt
|
348
|
|
|
566
|
|
||
Total current liabilities
|
6,905
|
|
|
6,844
|
|
||
|
|
|
|
||||
Long-term debt less current maturities
|
3,320
|
|
|
2,821
|
|
||
Deferred income taxes
|
2,358
|
|
|
3,374
|
|
||
Construction obligation
|
1,390
|
|
|
1,078
|
|
||
Other noncurrent liabilities
|
707
|
|
|
728
|
|
||
Stockholders' equity:
|
|
|
|
|
|
||
Common stock, $1.00 par value: 2,000,000,000 shares authorized;
807,611,634 shares issued in 2017 and 2016
|
808
|
|
|
808
|
|
||
Capital in excess of par value
|
1,451
|
|
|
1,410
|
|
||
Retained earnings
|
14,621
|
|
|
11,418
|
|
||
Accumulated other comprehensive income (loss)
|
12
|
|
|
(323
|
)
|
||
Treasury stock, at cost: 219,060,856 and 192,450,855 shares
in 2017 and 2016 respectively
|
(6,462
|
)
|
|
(4,872
|
)
|
||
Total stockholders' equity
|
10,430
|
|
|
8,441
|
|
||
|
$
|
25,110
|
|
|
$
|
23,286
|
|
|
Year ended December 31,
|
||||||||||
|
2017
|
|
2016
|
|
2015
|
||||||
OPERATING REVENUES:
|
|
|
|
|
|
||||||
Passenger
|
$
|
19,141
|
|
|
$
|
18,594
|
|
|
$
|
18,299
|
|
Freight
|
173
|
|
|
171
|
|
|
179
|
|
|||
Special revenue adjustment
|
—
|
|
|
—
|
|
|
172
|
|
|||
Other
|
1,857
|
|
|
1,660
|
|
|
1,170
|
|
|||
Total operating revenues
|
21,171
|
|
|
20,425
|
|
|
19,820
|
|
|||
|
|
|
|
|
|
||||||
OPERATING EXPENSES:
|
|
|
|
|
|
|
|
||||
Salaries, wages, and benefits
|
7,319
|
|
|
6,798
|
|
|
6,383
|
|
|||
Fuel and oil
|
3,940
|
|
|
3,647
|
|
|
3,616
|
|
|||
Maintenance materials and repairs
|
1,001
|
|
|
1,045
|
|
|
1,005
|
|
|||
Aircraft rentals
|
198
|
|
|
229
|
|
|
238
|
|
|||
Landing fees and other rentals
|
1,292
|
|
|
1,211
|
|
|
1,166
|
|
|||
Depreciation and amortization
|
1,218
|
|
|
1,221
|
|
|
1,015
|
|
|||
Acquisition and integration
|
—
|
|
|
—
|
|
|
39
|
|
|||
Other operating expenses
|
2,688
|
|
|
2,514
|
|
|
2,242
|
|
|||
Total operating expenses
|
17,656
|
|
|
16,665
|
|
|
15,704
|
|
|||
|
|
|
|
|
|
||||||
OPERATING INCOME
|
3,515
|
|
|
3,760
|
|
|
4,116
|
|
|||
|
|
|
|
|
|
||||||
OTHER EXPENSES (INCOME):
|
|
|
|
|
|
|
|
||||
Interest expense
|
114
|
|
|
122
|
|
|
121
|
|
|||
Capitalized interest
|
(49
|
)
|
|
(47
|
)
|
|
(31
|
)
|
|||
Interest income
|
(35
|
)
|
|
(24
|
)
|
|
(9
|
)
|
|||
Other (gains) losses, net
|
234
|
|
|
162
|
|
|
556
|
|
|||
Total other expenses (income)
|
264
|
|
|
213
|
|
|
637
|
|
|||
|
|
|
|
|
|
||||||
INCOME BEFORE INCOME TAXES
|
3,251
|
|
|
3,547
|
|
|
3,479
|
|
|||
PROVISION FOR INCOME TAXES
|
(237
|
)
|
|
1,303
|
|
|
1,298
|
|
|||
NET INCOME
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
$
|
2,181
|
|
NET INCOME PER SHARE, BASIC
|
$
|
5.80
|
|
|
$
|
3.58
|
|
|
$
|
3.30
|
|
NET INCOME PER SHARE, DILUTED
|
$
|
5.79
|
|
|
$
|
3.55
|
|
|
$
|
3.27
|
|
Cash dividends declared per common share
|
$
|
.4750
|
|
|
$
|
.3750
|
|
|
$
|
.2850
|
|
|
|
Year ended December 31,
|
||||||||||
|
|
2017
|
|
2016
|
|
2015
|
||||||
NET INCOME
|
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
$
|
2,181
|
|
Unrealized gain (loss) on fuel derivative instruments, net of
deferred taxes of $185, $432, and ($181)
|
|
317
|
|
|
735
|
|
|
(308
|
)
|
|||
Unrealized gain on interest rate derivative instruments, net of
deferred taxes of $4, $5, and $6
|
|
7
|
|
|
7
|
|
|
9
|
|
|||
Unrealized gain (loss) on defined benefit plan items, net of deferred
taxes of $2, ($13), and ($7)
|
|
3
|
|
|
(23
|
)
|
|
(12
|
)
|
|||
Other, net of deferred taxes of $5, $5, and $-
|
|
8
|
|
|
9
|
|
|
(2
|
)
|
|||
OTHER COMPREHENSIVE INCOME (LOSS)
|
|
$
|
335
|
|
|
$
|
728
|
|
|
$
|
(313
|
)
|
COMPREHENSIVE INCOME
|
|
$
|
3,823
|
|
|
$
|
2,972
|
|
|
$
|
1,868
|
|
|
|
Year ended December 31, 2017, 2016, and 2015
|
||||||||||||||||||||||
|
|
Common
Stock
|
|
Capital in
excess of
par value
|
|
Retained
earnings
|
|
Accumulated
other
comprehensive
income (loss)
|
|
Treasury
stock
|
|
Total
|
||||||||||||
Balance at December 31, 2014
|
|
$
|
808
|
|
|
$
|
1,315
|
|
|
$
|
7,416
|
|
|
$
|
(738
|
)
|
|
(2,026
|
)
|
|
$
|
6,775
|
|
|
Repurchase of common stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,180
|
)
|
|
(1,180
|
)
|
||||||
Issuance of common and treasury stock pursuant to Employee stock plans
|
|
—
|
|
|
6
|
|
|
—
|
|
|
—
|
|
|
24
|
|
|
30
|
|
||||||
Net tax benefit (expense) of options exercised
|
|
—
|
|
|
24
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
24
|
|
||||||
Share-based compensation
|
|
—
|
|
|
29
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
29
|
|
||||||
Cash dividends, $.2850 per share
|
|
—
|
|
|
—
|
|
|
(188
|
)
|
|
—
|
|
|
—
|
|
|
(188
|
)
|
||||||
Comprehensive income
|
|
—
|
|
|
—
|
|
|
2,181
|
|
|
(313
|
)
|
|
—
|
|
|
1,868
|
|
||||||
Balance at December 31, 2015
|
|
$
|
808
|
|
|
$
|
1,374
|
|
|
$
|
9,409
|
|
|
$
|
(1,051
|
)
|
|
$
|
(3,182
|
)
|
|
$
|
7,358
|
|
Repurchase of common stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,750
|
)
|
|
(1,750
|
)
|
||||||
Issuance of common and treasury stock pursuant to Employee stock plans
|
|
—
|
|
|
8
|
|
|
—
|
|
|
—
|
|
|
12
|
|
|
20
|
|
||||||
Conversion of 5.25% senior notes to common stock
|
|
—
|
|
|
(5
|
)
|
|
—
|
|
|
—
|
|
|
48
|
|
|
43
|
|
||||||
Share-based compensation
|
|
—
|
|
|
33
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
33
|
|
||||||
Cash dividends, $.3750 per share
|
|
—
|
|
|
—
|
|
|
(235
|
)
|
|
—
|
|
|
—
|
|
|
(235
|
)
|
||||||
Comprehensive income
|
|
—
|
|
|
—
|
|
|
2,244
|
|
|
728
|
|
|
—
|
|
|
2,972
|
|
||||||
Balance at December 31, 2016
|
|
$
|
808
|
|
|
$
|
1,410
|
|
|
$
|
11,418
|
|
|
$
|
(323
|
)
|
|
$
|
(4,872
|
)
|
|
$
|
8,441
|
|
Repurchase of common stock
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(1,600
|
)
|
|
(1,600
|
)
|
||||||
Issuance of common and treasury stock pursuant to Employee stock plans
|
|
—
|
|
|
4
|
|
|
—
|
|
|
—
|
|
|
10
|
|
|
14
|
|
||||||
Share-based compensation
|
|
—
|
|
|
37
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
37
|
|
||||||
Cash dividends, $.4750 per share
|
|
—
|
|
|
—
|
|
|
(285
|
)
|
|
—
|
|
|
—
|
|
|
(285
|
)
|
||||||
Comprehensive income
|
|
—
|
|
|
—
|
|
|
3,488
|
|
|
335
|
|
|
—
|
|
|
3,823
|
|
||||||
Balance at December 31, 2017
|
|
$
|
808
|
|
|
$
|
1,451
|
|
|
$
|
14,621
|
|
|
$
|
12
|
|
|
$
|
(6,462
|
)
|
|
$
|
10,430
|
|
|
Year ended December 31,
|
||||||||||
|
2017
|
|
2016
|
|
2015
|
||||||
CASH FLOWS FROM OPERATING ACTIVITIES:
|
|
|
|
|
|
||||||
Net income
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
$
|
2,181
|
|
Adjustments to reconcile net income to cash provided by (used in) operating activities:
|
|
|
|
|
|
|
|
||||
Depreciation and amortization
|
1,218
|
|
|
1,221
|
|
|
1,015
|
|
|||
Loss on asset impairment
|
—
|
|
|
21
|
|
|
—
|
|
|||
Aircraft grounding charge
|
63
|
|
|
—
|
|
|
—
|
|
|||
Unrealized/realized (gain) loss on fuel derivative instruments
|
(50
|
)
|
|
(200
|
)
|
|
113
|
|
|||
Deferred income taxes
|
(1,212
|
)
|
|
455
|
|
|
(109
|
)
|
|||
Changes in certain assets and liabilities:
|
|
|
|
|
|
|
|
||||
Accounts and other receivables
|
(102
|
)
|
|
(50
|
)
|
|
(88
|
)
|
|||
Other assets
|
(262
|
)
|
|
(119
|
)
|
|
103
|
|
|||
Accounts payable and accrued liabilities
|
246
|
|
|
226
|
|
|
961
|
|
|||
Air traffic liability
|
345
|
|
|
125
|
|
|
94
|
|
|||
Cash collateral received from (provided to) derivative counterparties
|
316
|
|
|
535
|
|
|
(570
|
)
|
|||
Other, net
|
(121
|
)
|
|
(165
|
)
|
|
(462
|
)
|
|||
Net cash provided by operating activities
|
3,929
|
|
|
4,293
|
|
|
3,238
|
|
|||
|
|
|
|
|
|
||||||
CASH FLOWS FROM INVESTING ACTIVITIES:
|
|
|
|
|
|
||||||
Capital expenditures
|
(2,123
|
)
|
|
(2,038
|
)
|
|
(2,041
|
)
|
|||
Assets constructed for others
|
(126
|
)
|
|
(109
|
)
|
|
(102
|
)
|
|||
Purchases of short-term investments
|
(2,380
|
)
|
|
(2,388
|
)
|
|
(1,986
|
)
|
|||
Proceeds from sales of short-term and other investments
|
2,221
|
|
|
2,263
|
|
|
2,223
|
|
|||
Other, net
|
—
|
|
|
—
|
|
|
(7
|
)
|
|||
Net cash used in investing activities
|
(2,408
|
)
|
|
(2,272
|
)
|
|
(1,913
|
)
|
|||
|
|
|
|
|
|
||||||
CASH FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|
|
|
||||||
Proceeds from issuance of long-term debt
|
600
|
|
|
515
|
|
|
500
|
|
|||
Proceeds from Employee stock plans
|
29
|
|
|
29
|
|
|
46
|
|
|||
Reimbursement for assets constructed for others
|
126
|
|
|
107
|
|
|
24
|
|
|||
Proceeds from termination of interest rate derivative instrument
|
—
|
|
|
—
|
|
|
12
|
|
|||
Payments of long-term debt and capital lease obligations
|
(592
|
)
|
|
(523
|
)
|
|
(213
|
)
|
|||
Payments of convertible debt
|
—
|
|
|
(68
|
)
|
|
—
|
|
|||
Payments of cash dividends
|
(274
|
)
|
|
(222
|
)
|
|
(180
|
)
|
|||
Repayment of construction obligation
|
(10
|
)
|
|
(9
|
)
|
|
(10
|
)
|
|||
Repurchase of common stock
|
(1,600
|
)
|
|
(1,750
|
)
|
|
(1,180
|
)
|
|||
Other, net
|
15
|
|
|
(3
|
)
|
|
(23
|
)
|
|||
Net cash used in financing activities
|
(1,706
|
)
|
|
(1,924
|
)
|
|
(1,024
|
)
|
|||
|
|
|
|
|
|
|
|
|
|||
NET CHANGE IN CASH AND CASH EQUIVALENTS
|
(185
|
)
|
|
97
|
|
|
301
|
|
|||
|
|
|
|
|
|
||||||
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD
|
1,680
|
|
|
1,583
|
|
|
1,282
|
|
|||
|
|
|
|
|
|
||||||
CASH AND CASH EQUIVALENTS AT END OF PERIOD
|
$
|
1,495
|
|
|
$
|
1,680
|
|
|
$
|
1,583
|
|
|
|
|
|
|
|
||||||
CASH PAYMENTS FOR:
|
|
|
|
|
|
||||||
Interest, net of amount capitalized
|
$
|
81
|
|
|
$
|
100
|
|
|
$
|
105
|
|
Income taxes
|
$
|
992
|
|
|
$
|
902
|
|
|
$
|
1,440
|
|
|
|
|
|
|
|
||||||
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:
|
|
|
|
|
|
||||||
Flight equipment acquired through the assumption of debt
|
$
|
—
|
|
|
$
|
20
|
|
|
$
|
—
|
|
Flight equipment under capital leases
|
$
|
233
|
|
|
$
|
307
|
|
|
$
|
193
|
|
Assets constructed for others
|
$
|
197
|
|
|
$
|
196
|
|
|
$
|
192
|
|
(in millions, except per share amounts)
|
Year ended December 31, 2017
|
Year ended December 31, 2016
|
||||
Depreciation and amortization expense
|
$
|
21
|
|
$
|
123
|
|
Net income *
|
$
|
(19
|
)
|
$
|
(66
|
)
|
Net income per basic share
|
$
|
(0.03
|
)
|
$
|
(0.11
|
)
|
Net income per diluted share
|
$
|
(0.03
|
)
|
$
|
(0.10
|
)
|
|
|
|
Year ended December 31, 2017
|
|
Year ended December 31, 2016
|
||||||||||||
(in millions)
|
Weighted-average useful life (in years)
|
|
Gross carrying
amount
|
|
Accumulated
amortization
|
|
Gross carrying amount
|
|
Accumulated Amortization
|
||||||||
Customer relationships/marketing agreements
|
10
|
|
$
|
27
|
|
|
$
|
23
|
|
|
$
|
38
|
|
|
$
|
32
|
|
Owned domestic slots (a)
|
Indefinite
|
|
295
|
|
|
n/a
|
|
|
295
|
|
|
n/a
|
|
||||
Gate leasehold rights (a)
|
15
|
|
180
|
|
|
66
|
|
|
180
|
|
|
55
|
|
||||
Total
|
14
|
|
$
|
502
|
|
|
$
|
89
|
|
|
$
|
513
|
|
|
$
|
87
|
|
(in millions, except per share amounts)
|
Year ended December 31, 2017
|
|
Year ended December 31, 2016
|
|
Year ended December 31, 2015
|
||||||
Passenger revenue
|
$
|
(364
|
)
|
|
$
|
(250
|
)
|
|
$
|
(89
|
)
|
Special revenue adjustment
|
—
|
|
|
—
|
|
|
172
|
|
|||
Other revenue
|
908
|
|
|
794
|
|
|
344
|
|
|||
Operating revenues
|
$
|
544
|
|
|
$
|
544
|
|
|
$
|
427
|
|
Net income
|
$
|
496
|
|
|
$
|
293
|
|
|
$
|
227
|
|
Net income per basic share
|
$
|
0.82
|
|
|
$
|
0.47
|
|
|
$
|
0.34
|
|
Net income per diluted share
|
$
|
0.82
|
|
|
$
|
0.46
|
|
|
$
|
0.34
|
|
|
Year ended December 31,
|
||||||||||
|
2017
|
|
2016
|
|
2015
|
||||||
NUMERATOR:
|
|
|
|
|
|
||||||
Net income
|
$
|
3,488
|
|
|
$
|
2,244
|
|
|
$
|
2,181
|
|
Incremental income effect of
interest on 5.25% convertible notes
|
—
|
|
|
2
|
|
|
4
|
|
|||
Net income after assumed conversion
|
$
|
3,488
|
|
|
$
|
2,246
|
|
|
$
|
2,185
|
|
|
|
|
|
|
|
||||||
DENOMINATOR:
|
|
|
|
|
|
|
|
||||
Weighted-average shares outstanding, basic
|
601
|
|
|
627
|
|
|
661
|
|
|||
Dilutive effect of Employee stock options and
restricted stock units
|
2
|
|
|
1
|
|
|
2
|
|
|||
Dilutive effect of 5.25% convertible notes
|
—
|
|
|
5
|
|
|
6
|
|
|||
Adjusted weighted-average shares outstanding, diluted
|
603
|
|
|
633
|
|
|
669
|
|
|||
|
|
|
|
|
|
||||||
NET INCOME PER SHARE:
|
|
|
|
|
|
|
|
||||
Basic
|
$
|
5.80
|
|
|
$
|
3.58
|
|
|
$
|
3.30
|
|
Diluted
|
$
|
5.79
|
|
|
$
|
3.55
|
|
|
$
|
3.27
|
|
|
|
|
|
|
|
|
|
December 31, 2017
|
|
December 31, 2016
|
||||||||||||||||
(in millions)
|
|
ACFO
|
ACFO,
Net (a)
|
Construction Obligation (b)
|
|
ACFO
|
ACFO,
Net (a)
|
Construction Obligation (b)
|
||||||||||||
FLL Terminal
|
(c)
|
$
|
258
|
|
$
|
256
|
|
$
|
258
|
|
|
$
|
132
|
|
$
|
132
|
|
$
|
132
|
|
LAX Terminal 1
|
(c)
|
433
|
|
417
|
|
433
|
|
|
344
|
|
336
|
|
344
|
|
||||||
LAX Terminal 1.5
|
(c)
|
31
|
|
31
|
|
31
|
|
|
—
|
|
—
|
|
—
|
|
||||||
LFMP - Terminal
|
(c)
|
543
|
|
474
|
|
516
|
|
|
538
|
|
486
|
|
522
|
|
||||||
LFMP - Parking Garage
|
(c)
|
152
|
|
152
|
|
152
|
|
|
80
|
|
80
|
|
80
|
|
||||||
HOU International Terminal
|
(d)
|
126
|
|
118
|
|
—
|
|
|
126
|
|
122
|
|
—
|
|
||||||
|
|
$
|
1,543
|
|
$
|
1,448
|
|
$
|
1,390
|
|
|
$
|
1,220
|
|
$
|
1,156
|
|
$
|
1,078
|
|
(in millions)
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
Derivative contracts
|
|
$
|
136
|
|
|
$
|
120
|
|
Intangible assets, net
|
|
413
|
|
|
426
|
|
||
Capital lease receivable
|
|
76
|
|
|
90
|
|
||
Other
|
|
161
|
|
|
138
|
|
||
Other assets
|
|
$
|
786
|
|
|
$
|
774
|
|
(in millions)
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
Accounts payable trade
|
|
$
|
186
|
|
|
$
|
138
|
|
Salaries payable
|
|
201
|
|
|
200
|
|
||
Taxes payable
|
|
203
|
|
|
184
|
|
||
Aircraft maintenance payable
|
|
38
|
|
|
26
|
|
||
Fuel payable
|
|
123
|
|
|
95
|
|
||
Other payable
|
|
569
|
|
|
535
|
|
||
Accounts payable
|
|
$
|
1,320
|
|
|
$
|
1,178
|
|
(in millions)
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
Profitsharing and savings plans
|
|
$
|
579
|
|
|
$
|
645
|
|
Aircraft and other lease related obligations
|
|
40
|
|
|
55
|
|
||
Permanently grounded aircraft liability
|
|
34
|
|
(a)
|
—
|
|
||
Vacation pay
|
|
365
|
|
|
355
|
|
||
Contract ratification bonuses
|
|
83
|
|
|
188
|
|
||
Health
|
|
100
|
|
|
96
|
|
||
Derivative contracts
|
|
1
|
|
|
158
|
|
||
Workers compensation
|
|
172
|
|
|
183
|
|
||
Property and income taxes
|
|
57
|
|
|
68
|
|
||
Other
|
|
346
|
|
|
237
|
|
||
Accrued liabilities
|
|
$
|
1,777
|
|
|
$
|
1,985
|
|
(in millions)
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
Postretirement obligation
|
|
$
|
275
|
|
|
$
|
256
|
|
Non-current lease-related obligations
|
|
85
|
|
|
125
|
|
||
Permanently grounded aircraft liability
|
|
13
|
|
(a)
|
—
|
|
||
Other deferred compensation
|
|
237
|
|
|
204
|
|
||
Derivative contracts
|
|
21
|
|
|
35
|
|
||
Other
|
|
76
|
|
|
108
|
|
||
Other noncurrent liabilities
|
|
$
|
707
|
|
|
$
|
728
|
|
(in millions)
|
|
December 31, 2017
|
|
December 31, 2016
|
||||
5.125% Notes due March 2017
|
|
$
|
—
|
|
|
$
|
301
|
|
French Credit Agreements due 2018 - 2.54%
|
|
1
|
|
|
14
|
|
||
Fixed-rate 737 Aircraft Notes payable through 2018 - 7.03%
|
|
3
|
|
|
8
|
|
||
2.75% Notes due 2019
|
|
300
|
|
|
301
|
|
||
Term Loan Agreement payable through 2019 - 6.315%
|
|
66
|
|
|
106
|
|
||
Term Loan Agreement payable through 2019 - 4.84%
|
|
19
|
|
|
28
|
|
||
2.65% Notes due 2020
|
|
491
|
|
|
492
|
|
||
Term Loan Agreement payable through 2020 - 5.223%
|
|
237
|
|
|
284
|
|
||
737 Aircraft Notes payable through 2020
|
|
155
|
|
|
206
|
|
||
Term Loan Agreements payable through 2021 - 7.94%
|
|
—
|
|
|
20
|
|
||
2.75% Notes due 2022
|
|
300
|
|
|
—
|
|
||
Pass Through Certificates due 2022 - 6.24%
|
|
294
|
|
|
324
|
|
||
Term Loan Agreement payable through 2026 - 2.67%
|
|
215
|
|
|
215
|
|
||
3.00% Notes due 2026
|
|
300
|
|
|
300
|
|
||
3.45% Notes due 2027
|
|
300
|
|
|
—
|
|
||
7.375% Debentures due 2027
|
|
127
|
|
|
130
|
|
||
Capital leases
|
|
885
|
|
|
681
|
|
||
|
|
$
|
3,693
|
|
|
$
|
3,410
|
|
Less current maturities
|
|
348
|
|
|
566
|
|
||
Less debt discount and issuance costs
|
|
25
|
|
|
23
|
|
||
|
|
$
|
3,320
|
|
|
$
|
2,821
|
|
(in millions)
|
|
2017
|
|
2016
|
||||
Flight equipment
|
|
$
|
1,207
|
|
|
$
|
923
|
|
Less: accumulated amortization
|
|
172
|
|
|
82
|
|
||
|
|
$
|
1,035
|
|
|
$
|
841
|
|
|
|
All Restricted Stock Units
|
|||||
|
|
Units (000)
|
|
Wtd. Average
Fair Value
(per share)
|
|||
Outstanding December 31, 2014
|
|
2,077
|
|
|
$
|
16.92
|
|
Granted
|
|
561
|
|
(a)
|
45.80
|
|
|
Vested
|
|
(1,095
|
)
|
|
13.33
|
|
|
Surrendered
|
|
(58
|
)
|
|
25.49
|
|
|
Outstanding December 31, 2015
|
|
1,485
|
|
|
30.17
|
|
|
Granted
|
|
675
|
|
(b)
|
37.29
|
|
|
Vested
|
|
(665
|
)
|
|
23.29
|
|
|
Surrendered
|
|
(56
|
)
|
|
36.29
|
|
|
Outstanding December 31, 2016, Unvested
|
|
1,439
|
|
|
36.52
|
|
|
Granted
|
|
717
|
|
(c)
|
52.73
|
|
|
Vested
|
|
(806
|
)
|
|
30.23
|
|
|
Surrendered
|
|
(56
|
)
|
|
43.86
|
|
|
Outstanding December 31, 2017, Unvested
|
|
1,294
|
|
|
$
|
45.32
|
|
|
|
Maximum fuel hedged as of
|
|
|
|
|
|
December 31, 2017
|
|
Derivative underlying commodity type as of
|
|
Period (by year)
|
|
(gallons in millions) (a)
|
|
December 31, 2017
|
|
2018
|
|
1,647
|
|
|
WTI crude and Brent crude oil
|
2019
|
|
1,377
|
|
|
WTI crude and Brent crude oil
|
2020
|
|
685
|
|
|
WTI crude oil
|
Beyond 2020
|
|
315
|
|
|
WTI crude oil
|
|
|
|
|
Asset derivatives
|
|
Liability derivatives
|
||||||||||||
|
|
Balance Sheet
|
|
Fair value at
|
|
Fair value at
|
|
Fair value at
|
|
Fair value at
|
||||||||
(in millions)
|
|
location
|
|
12/31/2017
|
|
12/31/2016
|
|
12/31/2017
|
|
12/31/2016
|
||||||||
Derivatives designated as hedges*
|
|
|
|
|
|
|
|
|
|
|
||||||||
Fuel derivative contracts (gross)
|
|
Prepaid expenses and other current assets
|
|
$
|
112
|
|
|
$
|
7
|
|
|
$
|
—
|
|
|
$
|
44
|
|
Fuel derivative contracts (gross)
|
|
Other assets
|
|
136
|
|
|
126
|
|
|
—
|
|
|
—
|
|
||||
Fuel derivative contracts (gross)
|
|
Accrued liabilities
|
|
—
|
|
|
4
|
|
|
—
|
|
|
412
|
|
||||
Interest rate derivative contracts
|
|
Other noncurrent liabilities
|
|
—
|
|
|
—
|
|
|
20
|
|
|
35
|
|
||||
Total derivatives designated as hedges
|
|
$
|
248
|
|
|
$
|
137
|
|
|
$
|
20
|
|
|
$
|
491
|
|
||
Derivatives not designated as hedges*
|
|
|
|
|
|
|
|
|
|
|
||||||||
Fuel derivative contracts (gross)
|
|
Prepaid expenses and other current assets
|
|
$
|
35
|
|
|
$
|
54
|
|
|
$
|
35
|
|
|
$
|
—
|
|
Fuel derivative contracts (gross)
|
|
Other assets
|
|
—
|
|
|
52
|
|
|
—
|
|
|
52
|
|
||||
Fuel derivative contracts (gross)
|
|
Accrued liabilities
|
|
—
|
|
|
201
|
|
|
—
|
|
|
262
|
|
||||
Interest rate derivative contracts
|
|
Accrued liabilities
|
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
||||
Interest rate derivative contracts
|
|
Other noncurrent liabilities
|
|
—
|
|
|
—
|
|
|
1
|
|
|
—
|
|
||||
Total derivatives not designated as hedges
|
|
|
|
$
|
35
|
|
|
$
|
307
|
|
|
$
|
37
|
|
|
$
|
314
|
|
Total derivatives
|
|
|
|
$
|
283
|
|
|
$
|
444
|
|
|
$
|
57
|
|
|
$
|
805
|
|
|
|
Balance Sheet
|
|
December 31,
|
|
December 31,
|
||||
(in millions)
|
|
location
|
|
2017
|
|
2016
|
||||
Cash collateral deposits held from counterparties for fuel contracts - current
|
|
Offset against Prepaid expenses and other current assets
|
|
$
|
15
|
|
|
$
|
4
|
|
Cash collateral deposits held from counterparties for fuel contracts - noncurrent
|
|
Offset against Other assets
|
|
—
|
|
|
6
|
|
||
Cash collateral deposits provided to counterparties for fuel
contracts - current
|
|
Offset against Accrued liabilities
|
|
—
|
|
|
311
|
|
||
Due to third parties for fuel contracts
|
|
Accounts payable
|
|
29
|
|
|
75
|
|
|
Counterparty (CP)
|
|
|
||||||||||||||||||||||||||||
(in millions)
|
A
|
|
B
|
|
C
|
|
D
|
|
E
|
|
F
|
|
Other
(a)
|
|
Total
|
||||||||||||||||
Fair value of fuel derivatives
|
$
|
89
|
|
|
$
|
44
|
|
|
$
|
54
|
|
|
$
|
35
|
|
|
$
|
15
|
|
|
$
|
6
|
|
|
$
|
5
|
|
|
$
|
248
|
|
Cash collateral held from CP
|
15
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
15
|
|
||||||||
Aircraft collateral pledged to CP
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
Letters of credit (LC)
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
||||||||
Option to substitute LC for aircraft
|
(200) to (600)(b)
|
|
(100) to (500)(c)
|
|
(150) to (550)(c)
|
|
(150) to (550)(c)
|
|
N/A
|
|
N/A
|
|
|
|
|
||||||||||||||||
Option to substitute LC for cash
|
N/A
|
|
>(500)(c)
|
|
(75) to (150) or >(550)(c)
|
|
(125) to (150) or >(550)(d)
|
|
(d)
|
|
N/A
|
|
|
|
|
||||||||||||||||
If credit rating is investment
grade, fair value of fuel
derivative level at which:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Cash is provided to CP
|
(50) to (200) or >(600)
|
|
(50) to (100) or >(500)
|
|
(75) to (150) or >(550)(e)
|
|
(125) to (150) or >(550)(e)
|
|
>(125)
|
|
>(65)(e)
|
|
|
|
|
||||||||||||||||
Cash is received from CP
|
>50(e)
|
|
>150(e)
|
|
>250(e)
|
|
>75(e)
|
|
>100(e)
|
|
>30(e)
|
|
|
|
|
||||||||||||||||
Aircraft or cash can be pledged to
CP as collateral
|
(200) to (600)(f)
|
|
(100) to (500)(c)
|
|
(150) to (550)(c)
|
|
(150) to (550)(c)
|
|
N/A
|
|
N/A
|
|
|
|
|
||||||||||||||||
If credit rating is non-investment
grade, fair value of fuel derivative
level at which:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||||||
Cash is provided to CP
|
(0) to (200) or >(600)
|
|
(0) to (100) or >(500)
|
|
(0) to (150) or >(550)
|
|
(0) to (150) or >(550)
|
|
(g)
|
|
(g)
|
|
|
|
|
||||||||||||||||
Cash is received from CP
|
(g)
|
|
(g)
|
|
(g)
|
|
(g)
|
|
(g)
|
|
(g)
|
|
|
|
|
||||||||||||||||
Aircraft or cash can be pledged to
CP as collateral
|
(200) to (600)
|
|
(100) to (500)
|
|
(150) to (550)
|
|
(150) to (550)
|
|
N/A
|
|
N/A
|
|
|
|
|
|
|
|
|
Fair value measurements at reporting date using:
|
||||||||||||
|
|
|
|
Quoted prices in
active markets
for identical assets
|
|
Significant
other observable
inputs
|
|
Significant
unobservable
inputs
|
||||||||
Description
|
|
December 31, 2017
|
|
(Level 1)
|
|
(Level 2)
|
|
(Level 3)
|
||||||||
Assets
|
|
(in millions)
|
||||||||||||||
Cash equivalents
|
|
|
|
|
|
|
|
|
||||||||
Cash equivalents (a)
|
|
$
|
1,133
|
|
|
$
|
1,133
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Commercial paper
|
|
350
|
|
|
—
|
|
|
350
|
|
|
—
|
|
||||
Certificates of deposit
|
|
12
|
|
|
—
|
|
|
12
|
|
|
—
|
|
||||
Short-term investments:
|
|
|
|
|
|
|
|
|
||||||||
Treasury bills
|
|
1,491
|
|
|
1,491
|
|
|
—
|
|
|
—
|
|
||||
Certificates of deposit
|
|
287
|
|
|
—
|
|
|
287
|
|
|
—
|
|
||||
Fuel derivatives:
|
|
|
|
|
|
|
|
|
||||||||
Option contracts (b)
|
|
283
|
|
|
—
|
|
|
—
|
|
|
283
|
|
||||
Other available-for-sale securities
|
|
107
|
|
|
107
|
|
|
—
|
|
|
—
|
|
||||
Total assets
|
|
$
|
3,663
|
|
|
$
|
2,731
|
|
|
$
|
649
|
|
|
$
|
283
|
|
Liabilities
|
|
|
|
|
|
|
|
|
||||||||
Fuel derivatives:
|
|
|
|
|
|
|
|
|
||||||||
Option contracts (b)
|
|
(35
|
)
|
|
—
|
|
|
—
|
|
|
(35
|
)
|
||||
Interest rate derivatives (see Note 10)
|
|
(22
|
)
|
|
—
|
|
|
(22
|
)
|
|
—
|
|
||||
Total liabilities
|
|
$
|
(57
|
)
|
|
$
|
—
|
|
|
$
|
(22
|
)
|
|
$
|
(35
|
)
|
Quantitative information about Level 3 fair value measurements
|
||||
|
Valuation technique
|
Unobservable input
|
Period (by year)
|
Range
|
Fuel derivatives
|
Option model
|
Implied volatility
|
2018
|
11-26%
|
|
|
|
2019
|
17-22%
|
|
|
|
2020
|
17-21%
|
|
|
|
Beyond 2020
|
18-20%
|
(in millions)
|
Carrying value
|
|
Estimated fair value
|
|
Fair value level hierarchy
|
||||
French Credit Agreements due 2018 - 2.54%
|
$
|
1
|
|
|
$
|
1
|
|
|
Level 3
|
Fixed-rate 737 Aircraft Notes payable through 2018 - 7.03%
|
3
|
|
|
3
|
|
|
Level 3
|
||
2.75% Notes due 2019
|
300
|
|
|
302
|
|
|
Level 2
|
||
Term Loan Agreement payable through 2019 - 6.315%
|
66
|
|
|
66
|
|
|
Level 3
|
||
Term Loan Agreement payable through 2019 - 4.84%
|
19
|
|
|
20
|
|
|
Level 3
|
||
2.65% Notes due 2020
|
491
|
|
|
494
|
|
|
Level 2
|
||
Term Loan Agreement payable through 2020 - 5.223%
|
237
|
|
|
240
|
|
|
Level 3
|
||
737 Aircraft Notes payable through 2020
|
155
|
|
|
154
|
|
|
Level 3
|
||
2.75% Notes due 2022
|
300
|
|
|
300
|
|
|
Level 2
|
||
Pass Through Certificates due 2022 - 6.24%
|
294
|
|
|
318
|
|
|
Level 2
|
||
Term Loan Agreement payable through 2026 - 2.67%
|
215
|
|
|
215
|
|
|
Level 3
|
||
3.00% Notes due 2026
|
300
|
|
|
293
|
|
|
Level 2
|
||
3.45% Notes due 2027
|
300
|
|
|
299
|
|
|
Level 2
|
||
7.375% Debentures due 2027
|
127
|
|
|
154
|
|
|
Level 2
|
(in millions)
|
Fuel derivatives
|
|
Interest rate derivatives
|
|
Defined benefit plan items
|
|
Other
|
|
Deferred tax impact
|
|
Accumulated other
comprehensive income (loss) |
||||||||||||
Balance at December 31, 2015
|
$
|
(1,666
|
)
|
|
$
|
(30
|
)
|
|
$
|
22
|
|
|
$
|
6
|
|
|
$
|
617
|
|
|
$
|
(1,051
|
)
|
Changes in fair value
|
194
|
|
|
(3
|
)
|
|
(36
|
)
|
|
14
|
|
|
(63
|
)
|
|
106
|
|
||||||
Reclassification to earnings
|
973
|
|
|
15
|
|
|
—
|
|
|
—
|
|
|
(366
|
)
|
|
622
|
|
||||||
Balance at December 31, 2016
|
$
|
(499
|
)
|
|
$
|
(18
|
)
|
|
$
|
(14
|
)
|
|
$
|
20
|
|
|
$
|
188
|
|
|
$
|
(323
|
)
|
Changes in fair value
|
(50
|
)
|
|
—
|
|
|
5
|
|
|
13
|
|
|
11
|
|
|
(21
|
)
|
||||||
Reclassification to earnings
|
552
|
|
|
11
|
|
|
—
|
|
|
—
|
|
|
(207
|
)
|
|
356
|
|
||||||
Balance at December 31, 2017
|
$
|
3
|
|
|
$
|
(7
|
)
|
|
$
|
(9
|
)
|
|
$
|
33
|
|
|
$
|
(8
|
)
|
|
$
|
12
|
|
Year ended December 31, 2017
|
||||||
(in millions)
|
|
Amounts reclassified from AOCI
|
|
Affected line item in the Consolidated Statement of Comprehensive Income
|
||
AOCI components
|
|
|
||||
Unrealized loss on fuel derivative instruments
|
|
$
|
552
|
|
|
Fuel and oil expense
|
|
|
203
|
|
|
Less: Tax expense
|
|
|
|
$
|
349
|
|
|
Net of tax
|
Unrealized loss on interest rate derivative instruments
|
|
$
|
11
|
|
|
Interest expense
|
|
|
4
|
|
|
Less: Tax expense
|
|
|
|
$
|
7
|
|
|
Net of tax
|
|
|
|
|
|
||
Total reclassifications for the period
|
|
$
|
356
|
|
|
Net of tax
|
(in millions)
|
|
2017
|
|
2016
|
||||
APBO at beginning of period
|
|
$
|
256
|
|
|
$
|
201
|
|
Service cost
|
|
18
|
|
|
13
|
|
||
Interest cost
|
|
11
|
|
|
9
|
|
||
Benefits paid
|
|
(8
|
)
|
|
(6
|
)
|
||
Actuarial (gain)/loss
|
|
(2
|
)
|
|
38
|
|
||
Plan amendments
|
|
—
|
|
|
1
|
|
||
APBO at end of period
|
|
$
|
275
|
|
|
$
|
256
|
|
(in millions)
|
|
2017
|
|
2016
|
||||
Funded status
|
|
$
|
(275
|
)
|
|
$
|
(256
|
)
|
Unrecognized net actuarial loss
|
|
5
|
|
|
7
|
|
||
Unrecognized prior service cost
|
|
4
|
|
|
7
|
|
||
Accumulated other comprehensive loss
|
|
(9
|
)
|
|
(14
|
)
|
||
Cost recognized on Consolidated Balance Sheet
|
|
$
|
(275
|
)
|
|
$
|
(256
|
)
|
(in millions)
|
|
2017
|
|
2016
|
|
2015
|
||||||
Service cost
|
|
$
|
18
|
|
|
$
|
13
|
|
|
$
|
11
|
|
Interest cost
|
|
11
|
|
|
9
|
|
|
7
|
|
|||
Amortization of prior service cost
|
|
3
|
|
|
3
|
|
|
3
|
|
|||
Recognized actuarial gain
|
|
—
|
|
|
—
|
|
|
(3
|
)
|
|||
Net periodic postretirement benefit cost
|
|
$
|
32
|
|
|
$
|
25
|
|
|
$
|
18
|
|
|
|
2017
|
|
2016
|
|
2015
|
|||
Weighted-average discount rate
|
|
3.65
|
%
|
|
4.25
|
%
|
|
4.50
|
%
|
Assumed healthcare cost trend rate (1)
|
|
7.08
|
%
|
|
7.08
|
%
|
|
7.08
|
%
|
(1)
|
The assumed healthcare cost trend rate is assumed to remain at
7.08%
for
2018
, then decline gradually to
5.19%
by
2028
and remain level thereafter.
|
(in millions)
|
|
1% increase
|
|
1% decrease
|
||||
Increase (decrease) in total service and interest costs
|
|
$
|
5
|
|
|
$
|
(4
|
)
|
Increase (decrease) in the APBO
|
|
$
|
37
|
|
|
$
|
(32
|
)
|
(in millions)
|
|
2017
|
|
2016
|
||||
DEFERRED TAX LIABILITIES:
|
|
|
|
|
||||
Accelerated depreciation
|
|
$
|
3,193
|
|
|
$
|
4,726
|
|
Other
|
|
86
|
|
|
134
|
|
||
Total deferred tax liabilities
|
|
3,279
|
|
|
4,860
|
|
||
DEFERRED TAX ASSETS:
|
|
|
|
|
||||
Fuel derivative instruments
|
|
12
|
|
|
233
|
|
||
Construction obligation
|
|
326
|
|
|
402
|
|
||
Accrued employee benefits
|
|
309
|
|
|
451
|
|
||
Other
|
|
274
|
|
|
400
|
|
||
Total deferred tax assets
|
|
921
|
|
|
1,486
|
|
||
Net deferred tax liability
|
|
$
|
2,358
|
|
|
$
|
3,374
|
|
(in millions)
|
|
2017
|
|
2016
|
|
2015
|
||||||
CURRENT:
|
|
|
|
|
|
|
||||||
Federal
|
|
$
|
904
|
|
|
$
|
778
|
|
|
$
|
1,292
|
|
State
|
|
72
|
|
|
69
|
|
|
114
|
|
|||
Total current
|
|
976
|
|
|
847
|
|
|
1,406
|
|
|||
DEFERRED:
|
|
|
|
|
|
|
||||||
Federal
|
|
192
|
|
|
426
|
|
|
(97
|
)
|
|||
State
|
|
5
|
|
|
30
|
|
|
(11
|
)
|
|||
Change in federal statutory tax rate
|
|
(1,410
|
)
|
|
—
|
|
|
—
|
|
|||
Total deferred
|
|
(1,213
|
)
|
|
456
|
|
|
(108
|
)
|
|||
|
|
$
|
(237
|
)
|
|
$
|
1,303
|
|
|
$
|
1,298
|
|
(in millions)
|
|
2017
|
|
2016
|
|
2015
|
||||||
Tax at statutory U.S. tax rates
|
|
$
|
1,138
|
|
|
$
|
1,241
|
|
|
$
|
1,218
|
|
State income taxes, net of federal benefit
|
|
50
|
|
|
64
|
|
|
66
|
|
|||
Change in federal statutory tax rate
|
|
(1,410
|
)
|
|
—
|
|
|
—
|
|
|||
Other, net
|
|
(15
|
)
|
|
(2
|
)
|
|
14
|
|
|||
Total income tax provision
|
|
$
|
(237
|
)
|
|
$
|
1,303
|
|
|
$
|
1,298
|
|
|
|
Three months ended
|
|
||||||||||||||
(in millions except per share amounts)
|
|
March 31
|
|
June 30
|
|
Sept. 30
|
|
Dec. 31
|
|
||||||||
2017
|
|
|
|
|
|
|
|
|
|
||||||||
Operating revenues
|
|
$
|
4,883
|
|
|
$
|
5,744
|
|
|
$
|
5,271
|
|
|
$
|
5,274
|
|
|
Operating income
|
|
658
|
|
|
1,250
|
|
|
834
|
|
|
773
|
|
|
||||
Income before income taxes
|
|
553
|
|
|
1,170
|
|
|
791
|
|
|
737
|
|
|
||||
Net income
|
|
351
|
|
|
746
|
|
|
503
|
|
|
1,888
|
|
(a)
|
||||
Net income per share, basic
|
|
0.57
|
|
|
1.24
|
|
|
0.84
|
|
|
3.19
|
|
(a)
|
||||
Net income per share, diluted
|
|
0.57
|
|
|
1.23
|
|
|
0.84
|
|
|
3.18
|
|
(a)
|
||||
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
March 31
|
|
June 30
|
|
Sept. 30
|
|
Dec. 31
|
|
||||||||
2016
|
|
|
|
|
|
|
|
|
|
||||||||
Operating revenues
|
|
$
|
4,826
|
|
|
$
|
5,384
|
|
|
$
|
5,139
|
|
|
$
|
5,076
|
|
|
Operating income
|
|
944
|
|
|
1,276
|
|
|
695
|
|
|
846
|
|
|
||||
Income before income taxes
|
|
816
|
|
|
1,304
|
|
|
618
|
|
|
809
|
|
|
||||
Net income
|
|
513
|
|
|
820
|
|
|
388
|
|
|
522
|
|
|
||||
Net income per share, basic
|
|
0.80
|
|
|
1.30
|
|
|
0.63
|
|
|
0.85
|
|
|
||||
Net income per share, diluted
|
|
0.79
|
|
|
1.28
|
|
|
0.62
|
|
|
0.84
|
|
|
Plan Category
|
|
Number of Securities
to be Issued Upon
Exercise of
Outstanding
Options,
Warrants, and
Rights
(a)
|
|
|
Weighted-Average
Exercise Price of
Outstanding Options,
Warrants, and
Rights
(b)
|
|
|
Number of Securities Remaining Available for
Future Issuance Under
Equity Compensation
Plans (Excluding
Securities Reflected
in Column (a))
(c)
|
|
|||||||
Equity Compensation Plans Approved by Security Holders
|
|
1,406,539
|
|
(1
|
)
|
|
$
|
9.43
|
|
(2
|
)
|
|
30,454,580
|
|
(3
|
)
|
Equity Compensation Plans not Approved by Security Holders
|
|
2,100
|
|
|
|
$
|
9.43
|
|
|
|
—
|
|
|
|||
Total
|
|
1,408,639
|
|
|
|
$
|
9.43
|
|
(2
|
)
|
|
30,454,580
|
|
|
(1)
|
Includes
112,285
shares of common stock issuable upon exercise of outstanding stock options and
1,294,254
restricted share units settleable in shares of the Company’s common stock.
|
(2)
|
The weighted-average exercise price does not take into account the restricted share units discussed in footnote (1) above because the restricted share units do not have an exercise price upon vesting.
|
(3)
|
Of these shares, (i)
8,830,202
shares remained available for issuance under the Company’s tax-qualified employee stock purchase plan; and (ii)
21,624,378
shares remained available for issuance under the Company’s 2007 Equity Incentive Plan in connection with the exercise of stock options and stock appreciation rights, the settlement of awards of restricted stock, restricted stock units, and phantom shares, and the grant of unrestricted shares of common stock; however, no more than
1,211,599
shares remain available for grant in connection with awards of unrestricted shares of common stock, stock-settled phantom shares, and awards to non-Employee members of the Board. These shares are in addition to the shares reserved for issuance pursuant to outstanding awards included in column (a).
|
|
|
|
21
|
|
|
|
|
|
23
|
|
|
|
|
|
31.1
|
|
|
|
|
|
31.2
|
|
|
|
|
|
32
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document
|
|
|
|
101.LAB
|
|
XBRL Extension Labels Linkbase Document
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document
|
(1)
|
Pursuant to 17 CFR 240.24b-2, confidential information has been omitted and has been filed separately with the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.
|
(2)
|
Management contract or compensatory plan or arrangement.
|
(3)
|
This exhibit is being furnished rather than filed and shall not be deemed incorporated by reference into any filing, in accordance with Item 601 of Regulation S-K.
|
|
SOUTHWEST AIRLINES CO.
|
|
|
|
|
February 7, 2018
|
By
|
/s/ Tammy Romo
|
|
|
|
|
|
Tammy Romo
|
|
|
Executive Vice President & Chief Financial Officer
|
|
|
(On behalf of the Registrant and in
|
|
|
her capacity as Principal Financial
|
|
|
and Accounting Officer)
|
Signature
|
|
Title
|
/s/ GARY C. KELLY
|
|
Chairman of the Board & Chief Executive Officer (Principal Executive Officer)
|
Gary C. Kelly
|
|
|
|
|
|
/s/ TAMMY ROMO
|
|
Executive Vice President & Chief Financial Officer (Principal Financial & Accounting Officer)
|
Tammy Romo
|
|
|
|
|
|
/s/ RON RICKS
|
|
Vice Chairman of the Board
|
Ron Ricks
|
|
|
|
|
|
/s/ DAVID W. BIEGLER
|
|
Director
|
David W. Biegler
|
|
|
|
|
|
/s/ J. VERONICA BIGGINS
|
|
Director
|
J. Veronica Biggins
|
|
|
|
|
|
/s/ DOUGLAS H. BROOKS
|
|
Director
|
Douglas H. Brooks
|
|
|
|
|
|
/s/ WILLIAM H. CUNNINGHAM
|
|
Director
|
William H. Cunningham
|
|
|
|
|
|
/s/ JOHN G. DENISON
|
|
Director
|
John G. Denison
|
|
|
|
|
|
/s/ THOMAS W. GILLIGAN
|
|
Director
|
Thomas W. Gilligan
|
|
|
|
|
|
/s/ GRACE D. LIEBLEIN
|
|
Director
|
Grace D. Lieblein
|
|
|
|
|
|
/s/ NANCY B. LOEFFLER
|
|
Director
|
Nancy B. Loeffler
|
|
|
|
|
|
/s/ JOHN T. MONTFORD
|
|
Director
|
John T. Montford
|
|
|
|
|
|
Supplemental Agreement No. 8
|
|
to
|
|
Purchase Agreement No. 03729
|
|
between
|
|
THE BOEING COMPANY
|
|
and
|
|
SOUTHWEST AIRLINES CO.
|
|
Relating to Boeing Model 737-8 and 737-7 Aircraft
|
RECITALS
:
|
SWA-PA-03729
|
1
|
SA-8
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BOEING PROPRIETARY
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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EXECUTED IN DUPLICATE as of the day and year first above written.
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THE BOEING COMPANY
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SOUTHWEST AIRLINES CO.
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By:
/s/ Kyle Kersavage
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By:
/s/ Chris Monroe
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Chris Monroe
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Its:
Attorney-In-Fact
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Its:
SVP, Finance
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SWA-PA-03729
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5
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SA-8
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BOEING PROPRIETARY
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TABLE OF CONTENTS
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ARTICLES
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TITLES
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Article 1
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Quantity, Model and Description
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SA-2
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Article 2
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Delivery Schedule
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Article 3
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Price
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Article 4
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Payment
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SA-2
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Article 5
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Additional Terms
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TABLE
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TITLE
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1A
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737-8 Aircraft Information Table
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SA-8
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1B
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737-7 Aircraft Information Table
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SA-8
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EXHIBIT
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A1
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737-8 Aircraft Configuration
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SA-8
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A2
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737-7 Aircraft Configuration
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SA-8
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B*
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Aircraft Delivery Requirements
and Responsibilities
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SUPPLEMENTAL EXHIBITS
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TITLES
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AE1*
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Escalation Adjustment/Airframe and Optional Features
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BFE1
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BFE Variables for 737-8
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SA-7
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BFE2
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BFE Variables for 737-7
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SA-8
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CS1
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Customer Support Variables
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CS1-7MAX
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Customer Support Variables
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SA-2
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EE1*
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Engine Escalation/Engine Warranty and Patent Indemnity
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SLP1*
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Service Life Policy Components
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LETTER AGREEMENTS
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TITLES
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SWA-PA-03729-LA-1106463R3
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Open Matters
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SA-8
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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Page
1
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LETTER AGREEMENTS
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TITLES
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SWA-PA-03729-LA-1106464*
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***
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SWA-PA-03729-LA-1106465*
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SWA-PA-03729-LA-1106466
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SWA-PA-03729-LA-1106467R2
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SA-8
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SWA-PA-03729-LA-1106468*
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SWA-PA-03729-LA-1106469R1
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SA-2
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SWA-PA-03729-LA-1106470R1
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SA-2
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SWA-PA-03729-LA-1106471R1
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SA-2
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SWA-PA-03729-LA-1106473R1
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***
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SA-5
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SWA-PA-03729-LA-1106474R2
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Option Aircraft
Attachment 1
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SA-8
SA-8
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SWA-PA-03729-LA-1106475R3
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***
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SA-8
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SWA-PA-03729-LA-1106476R2
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SA-8
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SWA-PA-03729-LA-1106477*
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SWA-PA-03729-LA-1106478
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SWA-PA-03729-LA-1106479R1
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SA-2
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SWA-PA-03729-LA-1106480R1
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SA-2
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SWA-PA-03729-LA-1106481R2
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SA-2
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SWA-PA-03729-LA-1106482*
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SWA-PA-03729-LA-1106483*
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SWA-PA-03729-LA-1106484R1
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***
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SA-8
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Attachment A
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SA-8
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Attachment B
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SA-8
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SWA-PA-03729-LA-1106485*
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***
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SWA-PA-03729-LA-1209080
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***
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SA-1
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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Page
2
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LETTER AGREEMENTS
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TITLES
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SWA-PA-03729-LA-1210419
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SA-1
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SWA-PA-03729-LA-1300943
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SA-2
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SWA-PA-03729-LA-1301168R3
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SA-6
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SWA-PA-03729-LA-1301170R2
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SA-8
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SWA-PA-03729-LA-1400371
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SA-7
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SASWA-PA-03729-LA-1503792
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SA-6
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SWA-PA-03729-LA-1500831
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SA-7
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SWA‑PA‑03729‑LA‑1602486
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SA-5
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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Page
3
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Letter Agreement
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Title
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Last Updated under SA
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Current Status
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SWA-PA-03729-LA- 1106472R1
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***
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SA-2
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Deleted under SA-4
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SWA-PA- 01810/03729-LA- 1301169
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***
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SA-2
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Deleted under SA-4
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SWA-PA-03729
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SA-8
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BOEING PROPRIETARY
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Page
4
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Airframe Model/MTOW:
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737-8
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181,200 pounds
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Detail Specification:
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D019A008-P (5/1/2017)
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Engine Model/Thrust:
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CFMLEAP-1B28
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28,800 pounds
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Airframe Price Base Year/Escalation Formula:
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Jul-11
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ECI-MFG/CPI
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Airframe Price:
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***
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Engine Price Base Year/Escalation Formula:
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N/A
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N/A
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Optional Features:
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***
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Sub-Total of Airframe and Features:
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Airframe Escalation Data:
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Engine Price (Per Aircraft):
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Base Year Index (ECI):
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Aircraft Basic Price (Excluding BFE/SPE):
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Base Year Index (CPI
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Buyer Furnished Equipment (BFE) Estimate:
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***
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Seller Purchased Equipment (SPE) Estimate:
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***
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Delivery
Date*
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Number of
Aircraft
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Escalation
Factor
(Airframe)
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Manufacturer
Serial
Number**
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Escalation
Factor
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Aircraft
Block
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Notes
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Escalation Estimate
Adv Payment Base
Price Per A/P
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Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
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|||
At Signing
***
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24 Mos.
***
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21/18/12/9/6 Mos.
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Total
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||||||||
Jul-2017
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1
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***
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36929
†
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***
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A
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Note 1
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***
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***
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***
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***
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***
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Jul-2017
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2
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***
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42558
†
, 42559
†
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***
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C
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Note 1
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***
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***
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***
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Aug-2017
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3
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***
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36979, 36930, 36984
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***
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A
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Note 1
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***
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***
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***
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Aug-2017
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3
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***
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42563, 42566
†
, 42567
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***
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C
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Note 1
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***
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Sep-2017
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1
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***
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36934
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***
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A
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Note 1
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***
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***
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***
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Oct-2017
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1
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42544
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***
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A
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***
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***
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***
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***
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***
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Oct-2017
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1
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***
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42570
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***
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C
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***
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***
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***
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***
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***
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Nov-2017
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1
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***
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36988
†
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***
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A
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***
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***
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***
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***
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***
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Dec-2017
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1
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***
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42554
†
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***
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C
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***
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***
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***
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***
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***
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Mar-2018
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1
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***
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36989
†
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***
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A
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***
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***
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***
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***
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***
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Mar-2018
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1
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***
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42571
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***
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C
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***
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***
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***
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***
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***
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Apr-2018
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1
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***
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42546
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***
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A
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***
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***
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***
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***
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***
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Jun-2018
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1
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***
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42572
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***
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C
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***
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***
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***
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***
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***
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Jun-2018
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1
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***
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42547
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***
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A
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***
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***
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***
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***
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***
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Jul-2018
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1
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***
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42556
†
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***
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C
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***
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***
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***
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***
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***
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Aug-2018
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3
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***
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42548,
37019, 42549
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***
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A
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***
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***
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***
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***
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***
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Aug-2018
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1
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***
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42574
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***
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***
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***
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***
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***
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***
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Sep-2018
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3
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***
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42575, 42573, 42576
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***
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***
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***
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***
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***
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***
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Jun-2019
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1
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***
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42577
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***
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***
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***
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***
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***
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***
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Jun-2019
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1
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***
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37042
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***
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A
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***
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***
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***
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***
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***
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SA-8
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SWA-PA-03729
107813
-1F.TXT
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Boeing Proprietary
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Page
1
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Table 1A To
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Purchase Agreement No. PA-03729
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Aircraft Delivery, Description, Price and Advance Payments
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737-8 Aircraft
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Delivery
Date*
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Number of
Aircraft
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Escalation
Factor
(Airframe)
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Manufacturer
Serial
Number**
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Escalation
Factor
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Aircraft
Block
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Notes
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Escalation Estimate
Adv Payment Base
Price Per A/P
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Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
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|||
At Signing
***
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24 Mos.
***
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21/18/12/9/6 Mos.
***
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Total
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||||||||
Jul-2019
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1
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***
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42550
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***
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A
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***
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***
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***
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***
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***
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Jul-2019
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2
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***
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65437, 65436
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***
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E OPEX
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***
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***
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***
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***
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***
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Sep-2019
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2
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***
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65471, 65438
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***
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E OPEX
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***
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***
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***
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***
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***
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Oct-2019
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2
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***
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42551, 37043
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***
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A
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***
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***
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***
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***
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***
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Oct-2019
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1
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***
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65439
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***
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OPEX
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***
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***
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***
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***
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***
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Oct-2019
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1
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***
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65440
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***
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OPEX
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***
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***
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***
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***
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***
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Nov-2019
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1
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***
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42536
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***
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A
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***
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***
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***
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***
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***
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Nov-2019
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1
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***
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65473
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***
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D OPEX
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***
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***
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***
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***
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***
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Dec-2019
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1
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***
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36722
|
***
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B
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***
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***
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***
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***
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***
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Dec-2019
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1
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***
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42537
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***
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A
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***
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***
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***
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***
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***
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Feb-2020
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1
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***
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36727
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***
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B
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***
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***
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***
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***
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***
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Mar-2020
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2
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***
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42579, 42580
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***
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|
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***
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***
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***
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***
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***
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Apr-2020
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1
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***
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42539
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***
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A
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|
***
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***
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***
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***
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***
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Apr-2020
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1
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***
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65441
|
***
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OPEX
|
|
***
|
***
|
***
|
***
|
***
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May-2020
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1
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***
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42553
|
***
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A
|
|
***
|
***
|
***
|
***
|
***
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May-2020
|
1
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***
|
35970
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2020
|
1
|
***
|
42607
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2020
|
1
|
***
|
65442
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2020
|
1
|
***
|
42540
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2020
|
2
|
***
|
65443, 65444
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2020
|
1
|
***
|
42541
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2020
|
2
|
***
|
65445, 65446
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2020
|
1
|
***
|
33941
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2020
|
3
|
***
|
65447, 65448, 65472
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2020
|
1
|
***
|
42615
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2020
|
1
|
***
|
42543
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2020
|
1
|
***
|
65474
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2020
|
1
|
***
|
36733
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2020
|
1
|
***
|
65475
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2020
|
1
|
***
|
33940
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2021
|
1
|
***
|
35974
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107813
-1F.TXT
|
Boeing Proprietary
|
Page
2
|
|
Table 1A To
|
|
|
Purchase Agreement No. PA-03729
|
|
|
Aircraft Delivery, Description, Price and Advance Payments
|
|
|
737-8 Aircraft
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Manufacturer
Serial
Number**
|
Escalation
Factor
|
Aircraft
Block
|
Notes
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||||
Jan-2021
|
1
|
***
|
65450
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2021
|
1
|
***
|
65449
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2021
|
1
|
***
|
65451
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2021
|
1
|
***
|
42648
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2021
|
1
|
***
|
65452
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2021
|
3
|
***
|
42649, 42650, 42651
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2021
|
1
|
***
|
65454
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2021
|
1
|
***
|
65453
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
May-2021
|
3
|
***
|
42652, 42653, 42654
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
May-2021
|
1
|
***
|
65455
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
May-2021
|
1
|
***
|
65456
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2021
|
3
|
***
|
42655, 42656, 42670
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2021
|
1
|
***
|
65457
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2021
|
3
|
***
|
42657, 42658, 42671
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2021
|
1
|
***
|
65460
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2021
|
2
|
***
|
65459, 65458
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2021
|
1
|
***
|
65461
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2021
|
2
|
***
|
65463, 65462
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2021
|
1
|
***
|
65466
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2021
|
2
|
***
|
65465, 65464
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2021
|
1
|
***
|
65467
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2021
|
1
|
***
|
65468
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2022
|
1
|
***
|
65469
|
***
|
D OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2022
|
1
|
***
|
65470
|
***
|
OPEX
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2022
|
2
|
***
|
42678, 42679
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2022
|
3
|
***
|
42680, 42681, 42688
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
May-2022
|
3
|
***
|
42682, 42683, 42684
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2022
|
3
|
***
|
42685, 42686, 42687
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2022
|
2
|
***
|
42689, 42690
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2022
|
2
|
***
|
42693, 42695
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2023
|
2
|
***
|
42560, 42565
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107813
-1F.TXT
|
Boeing Proprietary
|
Page
3
|
|
Table 1A To
|
|
|
Purchase Agreement No. PA-03729
|
|
|
Aircraft Delivery, Description, Price and Advance Payments
|
|
|
737-8 Aircraft
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Manufacturer
Serial
Number**
|
Escalation
Factor
|
Aircraft
Block
|
Notes
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||||
Feb-2023
|
2
|
***
|
42562, 42564
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2023
|
1
|
***
|
42557
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2023
|
1
|
***
|
36732
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2023
|
1
|
***
|
42555
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2023
|
1
|
***
|
38806
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
May-2023
|
2
|
***
|
42594, 42568
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2023
|
1
|
***
|
42581
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2023
|
1
|
***
|
37034
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2023
|
2
|
***
|
42597, 42582
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2023
|
1
|
***
|
42593
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2023
|
1
|
***
|
42552
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2023
|
2
|
***
|
42601, 42578
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2023
|
1
|
***
|
42605
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2023
|
1
|
***
|
42538
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2023
|
1
|
***
|
38815
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2023
|
1
|
***
|
42583
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2024
|
3
|
***
|
42611, 42584, 42585
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2024
|
3
|
***
|
42612, 42596, 42599
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2024
|
3
|
***
|
38817, 35968, 35972
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2024
|
2
|
***
|
42617, 42606
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2024
|
1
|
***
|
36736
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
May-2024
|
3
|
***
|
42619, 42622, 42608
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2024
|
1
|
***
|
42610
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2024
|
1
|
***
|
42542
|
***
|
A
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2024
|
2
|
***
|
35963, 35967
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2024
|
2
|
***
|
42624, 42626
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2024
|
1
|
***
|
42630
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2024
|
1
|
***
|
36730
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2024
|
2
|
***
|
42625, 42636
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2024
|
1
|
***
|
42639
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2024
|
1
|
***
|
35971
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107813
-1F.TXT
|
Boeing Proprietary
|
Page
4
|
|
Table 1A To
|
|
|
Purchase Agreement No. PA-03729
|
|
|
Aircraft Delivery, Description, Price and Advance Payments
|
|
|
737-8 Aircraft
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Manufacturer
Serial
Number**
|
Escalation
Factor
|
Aircraft
Block
|
Notes
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||||
Dec-2024
|
2
|
***
|
42628, 42640
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2024
|
1
|
***
|
35975
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2025
|
2
|
***
|
42633, 42634
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2025
|
2
|
***
|
38804, 38805
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2025
|
3
|
***
|
42637, 42641, 42643
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2025
|
1
|
***
|
36729
|
***
|
B
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2025
|
4
|
***
|
42644, 42645, 42646, 42647
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2025
|
4
|
***
|
42659, 42660, 42661, 42662
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
May-2025
|
3
|
***
|
42663, 42664, 42666
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2025
|
3
|
***
|
42665, 42667, 42669
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2025
|
3
|
***
|
42668, 42672, 42673
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2025
|
3
|
***
|
42674, 42675, 42691
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2025
|
3
|
***
|
42676, 42677, 42694
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2025
|
3
|
***
|
42692, 42696, 42697
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2025
|
3
|
***
|
42698, 42699, 42700
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2025
|
3
|
***
|
42701, 42702, 42703
|
***
|
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107813
-1F.TXT
|
Boeing Proprietary
|
Page
5
|
Table 1B To
|
Purchase Agreement No. PA-03729
|
Aircraft Delivery, Description, Price and Advance Payments
|
737-7 Aircraft
|
Airframe Model/MTOW:
|
737-7
|
177,000 pounds
|
|
Detail Specification:
|
|
D019A008SWA17P-1
|
||
Engine Model/Thrust:
|
CFMLEAP-1B
27C
(1)
|
26,400 pounds
|
|
Airframe Price Base Year/Escalation Formula:
|
|
Jul-11
|
ECI-MFG/CPI
|
|
Airframe Price:
|
|
***
|
|
Engine Price Base Year/Escalation Formula
|
|
N/A
|
N/A
|
|
Optional Features:
|
|
***
|
|
|
|
|
|
|
Sub-Total of Airframe and Features:
|
|
***
|
|
Airframe Escalation Data:
|
|
|
|
|
Engine Price (Per Aircraft):
|
|
***
|
|
Base Year Index (ECI):
|
|
***
|
|
|
Aircraft Basic Price (Excluding BFE/SPE):
|
***
|
|
Base Year Index (CPI):
|
|
***
|
|
||
Buyer Furnished Equipment (BFE) Estimate:
|
***
|
|
|
|
|
|
||
Seller Purchased Equipment (SPE) Estimate:
|
***
|
|
|
|
|
|
|
|
Escalation
|
|
|
Escalation Estimate
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
Delivery
|
Number of
|
Factor
|
|
Escalation
|
Adv Payment Base
|
At Signing
|
24 Mos.
|
21/18/12/9/6 Mos.
|
Total
|
Date*
|
Aircraft
|
(Airframe)
|
|
Factor
|
Price Per A/P
|
***
|
***
|
***
|
***
|
Apr-2019
|
3
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
May-2019
|
2
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Aug-2019
|
2
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Jan-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Feb-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Mar-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Apr-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
May-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Jun-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Jul-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Aug-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Sep-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Oct-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Nov-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Dec-2023
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107953
-1F.TXT
|
Boeing Proprietary
|
Page 1
|
Table 1B To
|
Purchase Agreement No. PA-03729
|
Aircraft Delivery, Description, Price and Advance Payments
|
737-7 Aircraft
|
|
|
Escalation
|
|
|
Escalation Estimate
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
Delivery
|
Number of
|
Factor
|
|
Escalation
|
Adv Payment Base
|
At Signing
|
24 Mos.
|
21/18/12/9/6 Mos.
|
Total
|
Date*
|
Aircraft
|
(Airframe)
|
|
Factor
|
Price Per A/P
|
***
|
***
|
***
|
***
|
Jan-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Feb-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Mar-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Apr-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
May-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Jun-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Jul-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Aug-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Sep-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Oct-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
Nov-2024
|
1
|
***
|
|
***
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729
107953
-1F.TXT
|
Boeing Proprietary
|
Page 2
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
1
|
BOEING PROPRIETARY
|
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
2
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
0110-000030
|
MAJOR MODEL 737 AIRPLANE
|
***
|
***
|
***
|
0110E131A08
|
MINOR MODEL 737-8 AIRPLANE
|
***
|
***
|
***
|
0170B401A73
|
CLIMATE - NORMAL WEATHER OPERATIONS
|
***
|
***
|
***
|
0170B871A31
|
GALLEY AFT COMPLEX - G4B GALLEY - DOMED AFT BULKHEAD (BASELINE)
|
***
|
***
|
***
|
0170C204A96
|
CARGO LINERS- HEAVY DUTY - FORWARD
|
***
|
***
|
***
|
0170C204A99
|
CARGO LINERS- HEAVY DUTY- AFT
|
***
|
***
|
***
|
0170C430H07
|
PC - FLIGHT DECK - ROLLER SUNSHADES - DELETION - NUMBER 2 AND 3 WINDOWS - FLIGHT DECK - SFE
|
***
|
***
|
***
|
0170C939A02
|
COMMUNICATIONS - BASIC COMMUNICATIONS CONFIGURATION WITH HF
|
***
|
***
|
***
|
0170D347B33
|
LAVATORY AFT COMPLEX - TWO ADVANCED LAVATORIES WITH TWO DOUBLE ATTENDANT SEATS
|
***
|
***
|
***
|
0170D360B56
|
PC - LAVATORY AFT COMPLEX - TWO LAVATORIES WITH TWO DOUBLE ATTENDANT SEATS, NO CURTAIN AND UNIQUE HANDSET FACEPLATE DISPLAY - BOEING SKY INTERIOR
|
***
|
***
|
***
|
0170D387A08
|
AVIONICS - DUAL FMC WITH MULTI-CONTROL DISPLAY UNIT
|
***
|
***
|
***
|
0170D837A13
|
FLEXIBLE CERTIFICATION
|
***
|
***
|
***
|
0170E173B00
|
FLIGHT DECK - TWO OBSERVERS
|
***
|
***
|
***
|
0170E656A04
|
AIRFRAME - 737-8
|
***
|
***
|
***
|
0220E684A09
|
TYPE CERTIFICATE & CERTIFICATE OF AIRWORTHINESS
|
***
|
***
|
***
|
0221A609B52
|
DISPATCH WITH GEAR EXTENDED FOR REVENUE FLIGHT
|
***
|
***
|
***
|
0221B463A04
|
MP-CERT. OF TAKEOFF & LANDING WITH 15 KNOT TAILWIND
|
***
|
***
|
***
|
0221E029A02
|
SKID-RESISTANT RUNWAY TAKEOFF WITH ANTISKID SYSTEM INOPERATIVE
|
***
|
***
|
***
|
0222E052A08
|
SHORT FIELD PERFORMANCE ENHANCEMENT: INSTALLATION OF TWO POSITION TAIL SKID
|
***
|
***
|
***
|
0226B694H86
|
MP - GNSS LANDING SYSTEM (GLS) - CATEGORY I APPROACH CAPABILITY - ACTIVATION - IN LIEU OF PARTIAL PROVISIONS
|
***
|
***
|
***
|
0226C594A28
|
GNSS LANDING SYSTEM (GLS) - CATEGORY I APPROACH CAPABILITY- PARTIAL PROVISIONS
|
***
|
***
|
***
|
0226E437D67
|
MP- GNSS LANDING SYSTEM (GLS) - CHANGE INCORP- CATEGORY I APPROACH CAPABILITY - ACTIVATION - IN LIEU OF PARTIAL PROVISIONS
|
***
|
***
|
***
|
0228E437A74
|
AIRPLANE FLIGHT MANUAL
|
***
|
***
|
***
|
0252A541A02
|
ENGLISH UNITS FOR FLIGHT AND OPERATIONS MANUALS, CDS INDICATIONS, AND FMCS PARAMETERS - CELSIUS TEMPERATURE
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
3
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4 Price Per A/C |
2011 $
A/P 5 - 8 Price Per A/C |
2011 $
A/P 9 & on Price Per A/C |
0254-000003
|
USPHS CERTIFICATE OF SANITARY CONSTRUCTION
|
***
|
***
|
***
|
0315E684A03
|
CERTIFIED OPERATIONAL WEIGHTS AND STRUCTURAL DESIGN WEIGHTS
|
***
|
***
|
***
|
1110E559D06
|
EXTERIOR NON-REGULATORY MARKINGS
|
***
|
***
|
***
|
1110E624B44
|
EXTERIOR REGULATORY MARKINGS AND COLOR SCHEME
|
***
|
***
|
***
|
1130E559D12
|
CARGO COMPARTMENT PLACARDS
|
***
|
***
|
***
|
1130E559D13
|
LIGHTED SIGNS - BI-LINGUAL SPANISH/ENGLISH
|
***
|
***
|
***
|
1130E559D15
|
INTERIOR PLACARDS AND MARKERS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2103E437E01
|
MP - AC HEAT EXCHANGER OUTLET TEMPERATURE MONITORING SENSOR - INSTALLATION
|
***
|
***
|
***
|
2103E437E14
|
MP - AC HEAT EXCHANGER OUTLET TEMPERATURE MONITORING SENSOR - CHANGE INCORP - INSTALLATION
|
***
|
***
|
***
|
2130-000010
|
600 FPM CABIN PRESSURE ASCENT RATE
|
***
|
***
|
***
|
2130-000015
|
750 FPM CABIN PRESSURE DESCENT RATE
|
***
|
***
|
***
|
2160-000025
|
CABIN TEMPERATURE INDICATION - DEGREES FAHRENHEIT
|
***
|
***
|
***
|
2170-000021
|
OZONE CONTROL - SPACE PROVISIONS FOR CATALYTIC CONVERTERS
|
***
|
***
|
***
|
2210-000003
|
AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCALIZER CAPTURE
|
***
|
***
|
***
|
2210-000123
|
AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE WINGS LEVEL
|
***
|
***
|
***
|
2210-000128
|
AUTOFLIGHT - CONTROL WHEEL STEERING WARNING
|
***
|
***
|
***
|
2210-000142
|
AUTOFLIGHT - ALTITUDE ALERT - 300/900 FEET
|
***
|
***
|
***
|
2210C175A38
|
AUTOFLIGHT - GO-AROUND ROLL MODE - LNAV
|
***
|
***
|
***
|
2230-000137
|
AUTOTHROTTLE - FMCS - TAKEOFF PROFILE THRUST REDUCTION ALTITUDE
|
***
|
***
|
***
|
2310C410A91
|
COMMUNICATIONS CONTROL PANELS - DUAL GABLES RADIO TUNING PANELS CAPABLE OF (2) HF SYSTEMS AND (3) VHF SYSTEMS (8.33 KHZ CAPABLE) - P/N G7404-124 - BFE/SPE
|
***
|
***
|
***
|
2312A639A46
|
VHF COMMUNICATIONS - ACTIVATION OF KEYLINE TIMER
|
***
|
***
|
***
|
2312E173A49
|
VHF COMMUNICATIONS - TRIPLE HONEYWELL ARINC 750 RTA-50D VHF FM IMMUNE TRANSCEIVERS WITH 8.33 KHZ CHANNEL SPACING, VDL MODE 2, AND CMC INTERFACE CAPABILITY - P/N 965-1696-021 - BFE/SPE
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
4
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4 Price Per A/C |
2011 $
A/P 5 - 8 Price Per A/C |
2011 $
A/P 9 & on Price Per A/C |
2315E706A59
|
MP - SATCOM - INSTALLATION OF PARTIAL WIRING AND MOUNTING PROVISIONS - ICG MODEL ICS-300 IRIDIUM SATCOM SYSTEM WITH A SINGLE TOP MOUNTED DUAL ELEMENT IRIDIUM ANTENNA
|
***
|
***
|
***
|
2321-000050
|
SELCAL - AVTECH FIVE CHANNEL DECODER - P/N 1200008-000 - BFE/SPE
|
***
|
***
|
***
|
2321-000063
|
SELCAL - ANNUNCIATION ON AUDIO SELECTOR PANELS
|
***
|
***
|
***
|
2322C939A05
|
CMU - INSTALLATION OF PARTIAL PROVISIONS FOR A SINGLE CMU IN ACCORDANCE WITH ARINC 758
|
***
|
***
|
***
|
2322C939A06
|
COMMUNICATIONS MANAGEMENT UNIT (CMU) - DATA LINK RECORDING ACTIVATION
|
***
|
***
|
***
|
2322E437D59
|
MP - CMU - INSTALLATION OF WIRING PROVISIONS BETWEEN THE ONBOARD NETWORK SYSTEM (ONS) AND THE COMMUNICATION MANAGEMENT UNIT PROVISIONS
|
***
|
***
|
***
|
2322E516A03
|
CMU - INSTALLATION OF HONEYWELL MARK II ARINC 758 LEVEL AOA CMU W/ARINC SERVICE PROVIDER - DATA LINK RECORDING CAPABLE - P/N 965-0758-006 - BFE / SPE
|
***
|
***
|
***
|
2324D197A18
|
EMERGENCY LOCATOR TRANSMITTER (ELT) - ACR ELECTRONICS AUTOMATIC FIXED - WITH NAVIGATION INTERFACE UNIT (NIU) - MODE S BROADCAST - WITH ANTENNA P/N 110-337 - BFE/SPE
|
***
|
***
|
***
|
2331B754B15
|
PASSENGER ADDRESS (PA) SYSTEM - ARINC 715 - ROCKWELL COLLINS AMPLIFIER - BFE/SPE
|
***
|
***
|
***
|
2331E097A10
|
PRAM/BMM SYSTEM - PANASONIC - FASTEN SEAT BELT/DECOMPRESSION DISCRETES ACTIVATED - BFE/SPE
|
***
|
***
|
***
|
2350A150D50
|
AUDIO INTEGRATING - INHIBIT AURAL ALERT TRANSMISSIONS THROUGH CAPTAIN, FIRST OFFICER'S AND FIRST OBSERVER'S HEADPHONES
|
***
|
***
|
***
|
2350B872A08
|
AUDIO CONTROL PANEL - INTEGRATED SELCAL, CREW CALL, AND SATCOM FUNCTIONS - INSTALLATION - 3 VHF/2 HF
|
***
|
***
|
***
|
2351-000042
|
CONTROL WHEEL PUSH TO TALK (PTT) SWITCH - STANDARD THREE POSITION
|
***
|
***
|
***
|
2351A213A33
|
AUDIO INTEGRATION - INSTALLATION - TWO-PLUG AUDIO JACKS IN THE FLIGHT DECK
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
5
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
2351A213B77
|
BOOM MICROPHONE HEADSETS - CAPTAIN AND FIRST OFFICER - TELEX AIRMAN 750 - P/N 64300-200 - BFE/SPE
|
***
|
***
|
***
|
2351D360C80
|
PASSENGER CABIN MEDICAL COMMUNICATIONS SYSTEM - BOEING SKY INTERIOR
|
***
|
***
|
***
|
2371B628B32
|
VOICE RECORDER AND MICROPHONE/MONITOR - HONEYWELL - 2 HOUR RECORDING TIME - WITH DATALINK RECORDING CAPABILITY - P/N 980-6032-001 & P/N 980-6116-001 - BFE/SPE
|
***
|
***
|
***
|
2371B628B41
|
VOICE RECORDER - RECORDER INDEPENDENT POWER SUPPLY (RIPS) - AFT LOWERED CEILING
|
***
|
***
|
***
|
2371E437C25
|
MP - VOICE RECORDER - REPLACEMENT - VOICE RECORDER WITH 90 DAY BATTERY IN LIEU OF VOICE RECORDER WITH 30 DAY BATTERY - HONEYWELL INTERNATIONAL INC - BFE
|
***
|
***
|
***
|
2451B750A96
|
GALLEY G2 POWER - 17.25 KVA - COMPLETE PROVISIONS
|
***
|
***
|
***
|
2451B815K32
|
POWER DISTRIBUTION - WIRING INSTALLATION FOR ADDITIONAL CAPACITY
|
***
|
***
|
***
|
2451D360M03
|
MP - MOD STD SEL - GALLEY G4B POWER - REVISION - 12 KVA INSTALLATION AND PROVISIONS FOR 17.25 KVA IN LIEU OF COMPLETE INSTALLATION
|
***
|
***
|
***
|
2451E447B64
|
GALLEY G1 & G7 POWER - 12 KVA
|
***
|
***
|
***
|
2454E484B59
|
IN-SEAT POWER OUTLETS - INSTALLATION - FULL CABIN WITH 59 USB POWER SUPPLIES AND 175 HIGH POWER USB OUTLETS - ASTRONICS AES - BFE/SPE
|
***
|
***
|
***
|
2454E484C79
|
MP - IN-SEAT POWER OUTLETS - DELETION - FULL CABIN WITH 59 USB POWER SUPPLIES AND 175 HIGH POWER USB OUTLETS - ASTRONICS AES - BFE
|
***
|
***
|
***
|
2500E559K65
|
MP - CLOSET - REPLACEMENT - FWD RH FULL HEIGHT CLOSET IN LIEU OF FULL HEIGHT/HALF HEIGHT G2 GALLEY - STA 325 - 343 - ENCORE - BFE
|
***
|
***
|
***
|
2500E559K83
|
MP - INTERIOR ARRANGEMENT - REVISION - DETACHABLE EMERGENCY EQUIPMENT - BFE
|
***
|
***
|
***
|
2500E559M56
|
MP - MOD STD SEL - CABIN INTERPHONE SYSTEMS - ATTENDANT HANDSETS WITH UNIQUE FACEPLATE
|
***
|
***
|
***
|
2500E559R44
|
MP - INTERIOR ARRANGEMENT - REVISION - ADDITION OF SLIDE-OUT STOWAGE IN LAVS D & E AND REVISION TO EMERGENCY EQUIPMENT
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
6
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4 Price Per A/C |
2011 $
A/P 5 - 8 Price Per A/C |
2011 $
A/P 9 & on Price Per A/C |
2500E559Y62
|
MP - NON-CERTIFIED FLYAWAY KIT - ADDITION - FIRST AID KIT BRACKET
|
***
|
***
|
***
|
2513C410C22
|
FLIGHT COMPARTMENT ACCOMMODATIONS - EMERGENCY EVACUATION CHECKLIST PLACARD ON THE CAPTAIN AND FIRST OFFICER'S CONTROL COLUMNS
|
***
|
***
|
***
|
2513E437A99
|
LOG BOOK HOLDER - INSTALLATION - ON AFT FACE OF P8 AISLESTAND
|
***
|
***
|
***
|
2514E559T12
|
MP - SIDEWALL LINING AND AIR RETURN GRILLE - REVISION - ENHANCED FASTENING PROVISIONS
|
***
|
***
|
***
|
2520E559D17
|
INTERIOR COLOR AND MATERIAL - STANDARD OFFERING
|
***
|
***
|
***
|
2520E559L37
|
MP - PASSENGER COMPARTMENT - REVISION - DECORATIVE LAMINATE - FORWARD MONUMENTS
|
***
|
***
|
***
|
2523E559E42
|
PASSENGER SERVICE UNITS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2525A627A07
|
DOUBLE ATTENDANT SEAT - WALL MOUNTED - STA 304
|
***
|
***
|
***
|
2525C204F39
|
LARGE LOWER STOWAGE BOX FOR DOUBLE ATTENDANT SEAT - STA 304 LH
|
***
|
***
|
***
|
2525C204F40
|
LARGE LOWER STOWAGE BOX FOR DOUBLE ATTENDANT SEAT - STA 949 LH
|
***
|
***
|
***
|
2525C204F41
|
LARGE LOWER STOWAGE BOX FOR DOUBLE ATTENDANT SEAT - STA 949 RH
|
***
|
***
|
***
|
2525C204K04
|
HIC AND FEMUR LOAD COMPLIANCE - ECONOMY CLASS SEATS
|
***
|
***
|
***
|
2525C204K05
|
HIC AND FEMUR LOAD COMPLIANCE - ATTENDANT SEATS
|
***
|
***
|
***
|
2525E559D22
|
ECONOMY CLASS SEATS - BFE/SPE
|
***
|
***
|
***
|
2527E559H50
|
FLOOR COVERING - CARPET - BFE/SPE
|
***
|
***
|
***
|
2527E559H51
|
FLOOR COVERING - GALLEY AND ENTRYWAY FLOOR MAT - BFE/SPE
|
***
|
***
|
***
|
2528C204J16
|
FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2528C204J18
|
SECOND FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2528C204J20
|
FIRST MID CABIN CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
7
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
2528C204J22
|
SECOND MID-CABIN CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT AND LIFE RAFTS - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2528E559D23
|
LITERATURE POCKETS
|
***
|
***
|
***
|
2528E559D24
|
OVERHEAD STOWAGE BINS - ADDITIONAL FEATURES - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2529D360B52
|
FORWARD ATTENDANT WORKSTATION - PANEL & HANDSET - UNIQUE FACEPLATE DISPLAY
|
***
|
***
|
***
|
2530D383A11
|
G1 GALLEY - AFT STATION 297 - BFE/SPE
|
***
|
***
|
***
|
2530E559D10
|
GALLEY G2 - STA 325-343 - BFE/SPE
|
***
|
***
|
***
|
2530E559D27
|
G7 GALLEY - AFT OF DOOR 1, LEFT - AFT STA 374 - BFE/SPE
|
***
|
***
|
***
|
2530E559D29
|
GALLEY INSERT PART NUMBERS - BFE/SPE
|
***
|
***
|
***
|
2530E559K27
|
MP - GALLEY - REVISION - G1 GALLEY AFT STA 293 IN LIEU OF STA 297
|
***
|
***
|
***
|
2530E624B45
|
GALLEY PART NUMBERS - STANDARD EFFORT - BFE/SPE
|
***
|
***
|
***
|
2530E624B63
|
GALLEY CHILLER - AFT G4B GALLEY - PROVISIONS
|
***
|
***
|
***
|
2540D347A92
|
LA ADVANCED LAVATORY
|
***
|
***
|
***
|
2540E559D31
|
LA ADVANCED LAVATORY SELECTABLES
|
***
|
***
|
***
|
2540E559D32
|
LD ADVANCED LAVATORY SELECTABLES
|
***
|
***
|
***
|
2540E559D33
|
LE ADVANCED LAVATORY SELECTABLES
|
***
|
***
|
***
|
2540E559N20
|
MP - LAVATORIES - REVISION - LAVS D AND E - NON-SPACEWALL IN LIEU OF SPACEWALL
|
***
|
***
|
***
|
2560-000269
|
CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER - CAPTAIN'S SEAT BACK
|
***
|
***
|
***
|
2560C410D09
|
CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER - EASTERN AERO MARINE INC - P/N P01202-301C - BFE/SPE
|
***
|
***
|
***
|
2562E559E21
|
OVERWATER EMERGENCY EQUIPMENT - BFE/SPE - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
2562E559K34
|
MP - OVERWATER EMERGENCY EQUIPMENT - DELETION - LIFE RAFTS - EASTERN AERO MARINE - BFE
|
***
|
***
|
***
|
2562E559U37
|
MP - OVERWATER EMERGENCY EQUIPMENT - REPLACEMENT - PASSENGER LIFE VEST - EASTERN AERO MARINE INC - BFE
|
***
|
***
|
***
|
2564E559D98
|
DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT - BFE/SPE - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
8
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
2564E559X35
|
MP - DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT - DELETION - FIRST AID KIT - MINE SAFETY APPLIANCES CO - BFE
|
***
|
***
|
***
|
2622E088A14
|
APU FIRE EXTINGUISHER BOTTLE - COMMON WITH ENGINE BOTTLES
|
***
|
***
|
***
|
2841-000004
|
STANDARD FUEL SYSTEM ACCURACY - NO FUEL DENSITOMETERS
|
***
|
***
|
***
|
2841-000012
|
FUEL QUANTITY INDICATORS ON RIGHT WING FUELING PANEL
|
***
|
***
|
***
|
2844-000019
|
FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION TABLES IN U.S. GALLONS
|
***
|
***
|
***
|
2911-000042
|
ENGINE-DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE - EATON (VICKERS) - 10-62167
|
***
|
***
|
***
|
2911-000044
|
AC MOTOR-DRIVEN HYDRAULIC PUMPS - EATON (VICKERS) - 10-60556
|
***
|
***
|
***
|
2911E684D00
|
MP - AC MOTOR DRIVEN HYDRAULIC PUMPS - INSTALL TWO PARKER (ABEX) IN LIEU OF TWO EATON (VICKERS) - SFE
|
***
|
***
|
***
|
3041-000003
|
NO HEATED FLIGHT COMPARTMENT NUMBER 3 WINDOW
|
***
|
***
|
***
|
3131-000143
|
ACCELEROMETER - HONEYWELL P/N 971-4193-001 - BFE/SPE
|
***
|
***
|
***
|
3131B628B16
|
DIGITAL FLIGHT DATA RECORDER (DFDR) - HONEYWELL - 1024 WORDS PER SECOND MAXIMUM DATA RATE - P/N 980-4750-009 - BFE/SPE
|
***
|
***
|
***
|
3131E103A15
|
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) - CATIIIB/IAN/GLS/NPS CAPABLE - WITH ACMS CAPABILITY - ONS - SFE
|
***
|
***
|
***
|
3131E437C26
|
MP - FLIGHT DATA RECORDER SYSTEM - REPLACEMENT - FLIGHT DATA RECORDER WITH 90 DAY BATTERY IN LIEU OF FLIGHT DATA RECORDER WITH 30 DAY BATTERY - HONEYWELL INTERNATIONAL INC - BFE
|
***
|
***
|
***
|
3132E437D35
|
MP - ARINC 615 PORTABLE DATA LOADER CONNECTOR - INSTALLATION - FLIGHT DECK - P61-4 MAINTENANCE BITE PANEL
|
***
|
***
|
***
|
3133-000123
|
ARINC 740 PRINTER PROVISIONS IN THE FLIGHT DECK AISLESTAND
|
***
|
***
|
***
|
3135E437D40
|
MP - ONBOARD NETWORK SYSTEM - QUICK ACCESS RECORDER - DAR OUTPUT 23300
|
***
|
***
|
***
|
3161-000133
|
ENGINE FUEL FLOW - FULL TIME DISPLAY - PRIMARY ENGINE DISPLAY UNIT
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
9
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
3161C175A22
|
ENGINE OIL QUANTITY DISPLAY - PERCENT - ENGINE DISPLAY
|
***
|
***
|
***
|
3162-000018
|
ATTITUDE COMPARATOR - FLASHING - ADI
|
***
|
***
|
***
|
3162-000022
|
FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI
|
***
|
***
|
***
|
3162-000028
|
RADIO ALTITUDE - BELOW ADI
|
***
|
***
|
***
|
3162-000030
|
RISING RUNWAY - DISPLAYED ON THE ADI
|
***
|
***
|
***
|
3162-000036
|
LANDING ALTITUDE REFERENCE BAR - PRIMARY FLIGHT DISPLAY
|
***
|
***
|
***
|
3162-000040
|
BARO MINIMUMS POINTER - DISPLAYED ON SELECTION OF RADIO ALTITUDE MINIMUMS - PRIMARY FLIGHT DISPLAY
|
***
|
***
|
***
|
3162-000044
|
TCAS RESOLUTION ADVISORY - VSI
|
***
|
***
|
***
|
3162-000051
|
ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT OR FLIGHT DIRECTOR MODE
|
***
|
***
|
***
|
3162-000059
|
MAP MODE ORIENTATION - TRACK UP - NAVIGATION DISPLAY
|
***
|
***
|
***
|
3162-000064
|
RANGE ARCS - NAVIGATION DISPLAY
|
***
|
***
|
***
|
3162-000079
|
MANUALLY TUNED VOR SELECTED COURSE LINES DISPLAYED - NAVIGATION DISPLAY
|
***
|
***
|
***
|
3162-000084
|
TCAS 3 NM RANGE RING - NAVIGATION DISPLAY
|
***
|
***
|
***
|
3162-000088
|
AIRSPEED BUG - ENABLED - 80 KNOT SETTING - MACH AIRSPEED INDICATOR
|
***
|
***
|
***
|
3162A627A36
|
CDS - SOFTWARE ACTIVATION - VNAV SPEED BANDS - ENABLE
|
***
|
***
|
***
|
3162C594A29
|
CDS - SOFTWARE ACTIVATION - NAVIGATION PERFORMANCE SCALES - ENABLE
|
***
|
***
|
***
|
3162E437C95
|
MP - FLIGHT AND NAVIGATION DISPLAYS - LANDING SYS ELECTRONIC PLACARD WORKSHEET - AUXILIARY DISPLAY
|
***
|
***
|
***
|
3244-000008
|
SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER PANEL
|
***
|
***
|
***
|
3245B290A77
|
WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS - GOODRICH - INSTALLATION WITH SFE 12 PR, 235 MPH RATED RADIAL TIRES
|
***
|
***
|
***
|
3245B290A92
|
BRAKES - CARBON - GOODRICH
|
***
|
***
|
***
|
3245C927A08
|
WHEELS AND TIRES - MAIN LANDING GEAR - WHEELS FOR CARBON BRAKES - GOODRICH - INSTALLATION WITH 30-PR, 235 MPH RADIAL TIRES
|
***
|
***
|
***
|
3321C869A65
|
PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
10
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
3324C195A04
|
NO SMOKING SIGN - SILK SCREENED SYMBOL AND RETAIN CHIME FUNCTION
|
***
|
***
|
***
|
3327D380B90
|
GALLEY LIGHTS - 28 VDC POWER - GALLEY G7 / CLOSET
|
***
|
***
|
***
|
3327E559L81
|
MP - GALLEY LIGHTS - 28 VDC POWER - DELETION - GALLEY G7 / CLOSET
|
***
|
***
|
***
|
3350E097A38
|
EMERGENCY ESCAPE PATH LIGHTING - FLOOR MOUNTED - NARROW COLOR PHOTOLUMINESCENT
|
***
|
***
|
***
|
3412-000022
|
DUAL ELEMENT NON-ASPIRATED TAT PROBE
|
***
|
***
|
***
|
3430B866A28
|
ILS/GPS MULTI-MODE RECEIVER (MMR) - HONEYWELL - P/N 066-50029-1201 - BFE/SPE
|
***
|
***
|
***
|
3430E437D65
|
MP - MULTI-MODE RECEIVER (MMR) AND VOR/MARKER BEACON - REPLACEMENT - HONEYWELL 3G MMR P/N 69002600-0101 IN LIEU OF EXISTING HONEYWELL MMR P/N 066-50029-1201 AND HONEYWELL VOR/MARKER BEACON P/N 69001410-100 - BFE
|
***
|
***
|
***
|
3430E437D69
|
MP - MULTI-MODE RECEIVER (MMR) AND VOR/MARKER BEACON - CHANGE INCORP - REPLACEMENT - HONEYWELL 3G MMR P/N 69002600-0101 IN LIEU OF EXISTING HONEYWELL MMR P/N 066-50029-1201 AND HONEYWELL VOR/MARKER BEACON P/N 69001410-100 - BFE
|
***
|
***
|
***
|
3431C175A06
|
NAVIGATION CONTROL PANEL (NCP) - GNSS LANDING SYSTEM (GLS) CAPABLE - GABLES - P/N G7501-01- BFE/SPE
|
***
|
***
|
***
|
3433C594A98
|
LOW RANGE RADIO ALTIMETER (LRRA) - CAT IIIB CAPABLE - HONEYWELL - P/N 066-50007-0531- BFE/SPE
|
***
|
***
|
***
|
3436E640B45
|
MP - HEAD UP DISPLAY (HUD) SYSTEM - INSTALLATION - SINGLE ROCKWELL COLLINS HEAD-UP GUIDANCE SYSTEM (HGS) MODEL 6000 WITH MCDU INTERFACE - STC CERTIFIED - BFE
|
***
|
***
|
***
|
3443B696L73
|
SINGLE WEATHER RADAR SYSTEM CONTROL PANEL - HONEYWELL RDR-4000 RADAR SYSTEM - P/N 930-5101-001 - BFE/SPE
|
***
|
***
|
***
|
3443E032A44
|
SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE WINDSHEAR - HONEYWELL RDR-4000, VERSION 2 TRANSCEIVER - 930-2000-001 - BFE/SPE
|
***
|
***
|
***
|
3445C594B01
|
TCAS SYSTEM - HONEYWELL TCAS COMPUTER P/N 940-0351-001 - TCAS CHANGE 7.1 COMPLIANT - BFE/SPE
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
11
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
3446-000046
|
LOW VOLUME FOR ALTITUDE CALLOUTS
|
***
|
***
|
***
|
3446-000049
|
500 SMART CALLOUT INHIBITED
|
***
|
***
|
***
|
3446-000057
|
GROUND PROXIMITY WARNING SYSTEM ALTITUDE CALLOUTS - 100, 50, 30, 10
|
***
|
***
|
***
|
3446C174A14
|
ENHANCED GROUND PROXIMITY WARNING SYSTEM (EGPWS) - BANK ANGLE CALLOUT (VARIABLE CALLOUT BELOW 130 FT) - ENABLE
|
***
|
***
|
***
|
3451E097A30
|
VOR/MARKER BEACON - HONEYWELL RECEIVER P/N 69001410-100 - BFE/SPE
|
***
|
***
|
***
|
3453E052A56
|
ATC SYSTEM - HONEYWELL INTERNATIONAL INC ATC TRANSPONDER P/N 066-01212-0301 - ADS-B OUT DO-260B COMPLIANT - HONEYWELL INTERNATIONAL INC CONTROL PANEL P/N 071-01503-2601 - BFE/SPE
|
***
|
***
|
***
|
3455D338A05
|
DISTANCE MEASURING EQUIPMENT (DME) SCANNING INTERROGATOR- HONEYWELL P/N 066-50013-0111 - BFE/SPE
|
***
|
***
|
***
|
3461A150B73
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ENGINE-OUT STANDARD INSTRUMENT DEPARTURES (SID'S) - ENABLE
|
***
|
***
|
***
|
3461A425A10
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION DATABASE - CUSTOMER SUPPLIED
|
***
|
***
|
***
|
3461A425A17
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIRLINE OPERATIONAL COMMUNICATION DATA LINK (AOC DL) - FEATURE ACTIVATION
|
***
|
***
|
***
|
3461A425A30
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ABEAM WAYPOINTS- ENABLE
|
***
|
***
|
***
|
3461A425A48
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ACTIVATE COLOR OPERATION
|
***
|
***
|
***
|
3461A890A76
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION DISPLAY - MISSED APPROACH IN CYAN UNTIL ACTIVE - ENABLE
|
***
|
***
|
***
|
3461B430C49
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - REQUIRED NAVIGATION PERFORMANCE (RNP) DEFAULT VALUE CHANGE
|
***
|
***
|
***
|
3461B696E14
|
MP - FMCE - ADDITIONAL CONTROL DISPLAY UNIT FIX PAGES - ENABLE
|
***
|
***
|
***
|
3461B696K97
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - VERTICAL RNP DEFAULT VALUE - REVISION
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
12
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
3461C175A11
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIR TRAFFIC SERVICES DATA LINK (ATS DL) - FANS FEATURE ACTIVATION
|
***
|
***
|
***
|
3461C175A14
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - FANS CAPABLE MCDU WITH ATC KEYBOARD - INSTALLATION-SFE
|
***
|
***
|
***
|
3461C175A32
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - COMMON VNAV - ENABLE
|
***
|
***
|
***
|
3461C175A34
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - SPEED PROPAGATION FROM THE CRUISE PAGE TO THE DESCENT PAGE - ENABLE
|
***
|
***
|
***
|
3461C430J05
|
FLIGHT MANAGEMENT COMPUTING SYSTEM (FMCS) - VOR INHIBIT
|
***
|
***
|
***
|
3461C594A26
|
FLIGHT MANAGEMENT COMPUTING SYSTEM (FMCS) - INTENT DATA TRANSMITTED TO ACARS - ENABLE
|
***
|
***
|
***
|
3511B873B93
|
CREW OXYGEN MASK - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - SECOND OBSERVER - AV-OX INC - BFE/SPE
|
***
|
***
|
***
|
3511B873B94
|
CREW OXYGEN MASK - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - FIRST OBSERVER - AV-OX INC - BFE/SPE
|
***
|
***
|
***
|
3511B873B95
|
CREW OXYGEN MASKS - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - CAPTAIN AND FIRST OFFICER - AV-OX INC - BFE/SPE
|
***
|
***
|
***
|
3811-000017
|
POTABLE WATER - SERVICEABLE TO 40 GALLONS
|
***
|
***
|
***
|
3812-000002
|
NO WATER QUANTITY GAUGE - WATER SERVICE PANEL
|
***
|
***
|
***
|
3832-000076
|
NO SENSOR FOULED LIGHT - COVER PLATE
|
***
|
***
|
***
|
3832-000078
|
NO WASTE QUANTITY GAUGE - COVER PLATE
|
***
|
***
|
***
|
3910E437A86
|
AFT ELECTRONICS PANEL ARRANGEMENT WITH TWO RADIO TUNING PANELS AND ARINC 740 PRINTER PROVISIONS
|
***
|
***
|
***
|
4435E484C78
|
MP - HIGH SPEED COMMUNICATION - STRUCTURAL PROVISIONS - KU BAND RADOME INSTALLATION - 737 BOEING SKY INTERIOR 159200
|
***
|
***
|
***
|
4435E484D01
|
MP - HIGH SPEED COMMUNICATION - PARTIAL PROVISIONS - GLOBAL EAGLE ENTERTAINMENT CABIN NETWORK SYSTEM WITH KU BAND CONNECTIVITY - THREE WIRELESS ACCESS POINTS (WAP) - 737 BOEING SKY INTERIOR
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
13
|
BOEING PROPRIETARY
|
|
CR
|
Title
|
2011 $
A/P 1 - 4
Price
Per A/C
|
2011 $
A/P 5 - 8
Price
Per A/C
|
2011 $
A/P 9 & on
Price
Per A/C
|
4435E484D80
|
MP - HIGH-SPEED COMMUNICATIONS - INSTALLATION INTO PARTIAL PROVISIONS - WIRELESS CABIN NETWORK WITH 3 CWLU'S AND KU BAND CONNECTIVITY - GLOBAL EAGLE ENTERTAINMENT - CSE/SPE
|
***
|
***
|
***
|
4435E484H13
|
MP - HIGH SPEED COMMUNICATION - REPLACEMENT - TRI-BAND RADOME IN LIEU OF KU BAND RADOME
|
***
|
***
|
***
|
4435E484H15
|
MP - HIGH SPEED COMMUNICATION - CHANGE INCORP - REPLACEMENT - TRI-BAND RADOME IN LIEU OF KU BAND RADOME
|
***
|
***
|
***
|
4610E437C72
|
MP - GROUND BASED CONNECTIVITY - INSTALLATION - AIRCRAFT WIRELESS LAN UNIT CELLULAR - TELEDYNE CONTROLS - BFE
|
***
|
***
|
***
|
4610E437E26
|
MP - ONBOARD NETWORK SYSTEM - ACTIVATION OF ONS-ACARS CMU INTERFACE
|
***
|
***
|
***
|
4610E437E28
|
MP - ONBOARD NETWORK SYSTEM - CHANGE INCORP - ACTIVATION OF ONS-ACARS CMU INTERFACE
|
***
|
***
|
***
|
4610E839A41
|
MP - ONBOARD NETWORK SYSTEM - REPLACEMENT - AIRCRAFT WIRELESS LAN UNIT - CELLULAR AND WIFI IN LIEU OF CELLULAR GROUND BASED CONNECTIVITY ONLY - TELEDYNE CONTROLS - BFE
|
***
|
***
|
***
|
5231A561C54
|
CARGO DOOR - SOLID SKIN
|
***
|
***
|
***
|
5300-000027
|
UNDERSEAT FLOOR PANELS, LOW TRAFFIC CAPABILITY
|
***
|
***
|
***
|
5352A298A28
|
RADOME- NORDAM- SFE
|
***
|
***
|
***
|
7200D422A12
|
CFM LEAP-1B ENGINES - 1B28B1 RATING
|
***
|
***
|
***
|
7200E430E27
|
MP - CFM LEAP -1B ENGINES - CHANGE INCORP - REVISION - 1B28 RATING IN LIEU OF 1B28B1 RATING
|
***
|
***
|
***
|
7200E684E22
|
MP - CFM LEAP -1B ENGINES - REVISION - 1B28 RATING IN LIEU OF 1B28B1 RATING
|
***
|
***
|
***
|
MISC THRUST
|
SIDE LETTER PRICING
|
***
|
***
|
***
|
7900-000116
|
LUBRICATING OIL - MOBIL JET II
|
***
|
***
|
***
|
MISC
|
INTERIOR ALLOWANCE
|
***
|
***
|
***
|
|
TOTALS:
|
***
|
***
|
***
|
SWA-PA-03729
|
|
SA-8
|
Page A1-
14
|
BOEING PROPRIETARY
|
|
737-7 AIRCRAFT CONFIGURATION
|
|
between
|
|
THE BOEING COMPANY
|
|
and
|
|
Southwest Airlines Co.
|
|
Exhibit A2 to Purchase Agreement Number PA-03729
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
Exhibit A To
|
||
Boeing Purchase Agreement
|
||
|
|
Price
|
CR
|
Title
|
Per A/C $
|
0110-000030
|
MAJOR MODEL 737 AIRPLANE
|
***
|
0110E911A01
|
MINOR MODEL 737-7150 AIRPLANE
|
***
|
0170B401A73
|
CLIMATE - NORMAL WEATHER OPERATIONS
|
***
|
0170B871A31
|
GALLEY AFT COMPLEX - G4B GALLEY - DOMED AFT BULKHEAD (BASELINE)
|
***
|
0170C430H07
|
PC - FLIGHT DECK - ROLLER SUNSHADES - DELETION - NUMBER 2 AND 3 WINDOWS - FLIGHT DECK - SFE
|
***
|
0170C939A02
|
COMMUNICATIONS - BASIC COMMUNICATIONS CONFIGURATION WITH HF
|
***
|
0170D387A08
|
AVIONICS - DUAL FMC WITH MULTI-CONTROL DISPLAY UNIT
|
***
|
0170D837A13
|
FLEXIBLE CERTIFICATION
|
***
|
0170E173B00
|
FLIGHT DECK - TWO OBSERVERS
|
***
|
0170E388X59
|
PC - GALLEY G4B POWER - 12 KVA INSTALLATION AND PROVISIONS FOR 17.25 KVA IN LIEU OF COMPLETE INSTALLATION
|
***
|
0170E388X60
|
PC - LAVATORY AFT COMPLEX - NO CURTAIN AND TRACK
|
***
|
0170E526A93
|
LAVATORY AFT COMPLEX - TWO ADVANCED LAVATORIES WITH ONE DOUBLE ATTENDANT SEAT
|
***
|
0170E806A23
|
CARGO LINERS- HEAVY DUTY - FORWARD
|
***
|
0170E806A26
|
CARGO LINERS- HEAVY DUTY- AFT
|
***
|
0170E911A03
|
AIRFRAME - 737-7
|
***
|
0220E308A03
|
TYPE CERTIFICATE & CERTIFICATE OF AIRWORTHINESS
|
***
|
0221-000026
|
TAKEOFF AND LANDING WITH TAILWIND UP TO 15 KNOTS
|
***
|
0221A609B52
|
DISPATCH WITH GEAR EXTENDED FOR REVENUE FLIGHT
|
***
|
0221E029A02
|
SKID-RESISTANT RUNWAY TAKEOFF WITH ANTISKID SYSTEM INOPERATIVE
|
***
|
0224E173A42
|
EXTENDED OPERATIONS (ETOPS)
|
***
|
0226C594A32
|
GNSS LANDING SYSTEM (GLS) - CATEGORY I APPROACH CAPABILITY - ACTIVATION
|
***
|
0228E308A06
|
AIRPLANE FLIGHT MANUAL
|
***
|
0252A541A02
|
ENGLISH UNITS FOR FLIGHT AND OPERATIONS MANUALS, CDS INDICATIONS, AND FMCS PARAMETERS - CELSIUS TEMPERATURE
|
***
|
0254-000003
|
USPHS CERTIFICATE OF SANITARY CONSTRUCTION
|
***
|
0315E447F96
|
CERTIFIED OPERATIONAL WEIGHTS AND STRUCTURAL DESIGN WEIGHTS
|
***
|
1110E388X57
|
EXTERIOR REGULATORY MARKINGS AND COLOR SCHEME
|
***
|
1110E388X58
|
EXTERIOR NON-REGULATORY MARKINGS
|
***
|
1110F086A19
|
MP - EXTERIOR COLOR SCHEMES AND MARKINGS - REPLACEMENT - ETOPS HERO LIVERY
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
1130E308A14
|
LIGHTED SIGNS - BI-LINGUAL ENGLISH/SPANISH
|
***
|
1130E388X53
|
INTERIOR PLACARDS AND MARKERS
|
***
|
1130E559Y11
|
CARGO COMPARTMENT PLACARDS - ENGLISH ONLY
|
***
|
2103D839A04
|
AC HEAT EXCHANGER OUTLET TEMPERATURE MONITORING SENSOR - INSTALLATION
|
***
|
2130-000010
|
600 FPM CABIN PRESSURE ASCENT RATE
|
***
|
2130-000015
|
750 FPM CABIN PRESSURE DESCENT RATE
|
***
|
2160-000025
|
CABIN TEMPERATURE INDICATION - DEGREES FAHRENHEIT
|
***
|
2170-000021
|
OZONE CONTROL - SPACE PROVISIONS FOR CATALYTIC CONVERTERS
|
***
|
2210-000003
|
AUTOFLIGHT - INHIBIT GLIDE SLOPE CAPTURE PRIOR TO LOCALIZER CAPTURE
|
***
|
2210-000123
|
AUTOFLIGHT - FLIGHT DIRECTOR TAKEOFF MODE WINGS LEVEL
|
***
|
2210-000128
|
AUTOFLIGHT - CONTROL WHEEL STEERING WARNING
|
***
|
2210-000142
|
AUTOFLIGHT - ALTITUDE ALERT - 300/900 FEET
|
***
|
2210C175A38
|
AUTOFLIGHT - GO-AROUND ROLL MODE - LNAV
|
***
|
2230-000137
|
AUTOTHROTTLE - FMCS - TAKEOFF PROFILE THRUST REDUCTION ALTITUDE
|
***
|
2310C410A91
|
COMMUNICATIONS CONTROL PANELS - DUAL GABLES RADIO TUNING PANELS CAPABLE OF (2) HF SYSTEMS AND (3) VHF SYSTEMS (8.33 KHZ CAPABLE) - P/N G7404-124 - BFE/SPE
|
***
|
2310E437G55
|
MP - COMMUNICATIONS CONTROL PANELS - DELETION OF REDUNDANT WIRING
|
***
|
2312A639A46
|
VHF COMMUNICATIONS - ACTIVATION OF KEYLINE TIMER
|
***
|
2312E173A49
|
VHF COMMUNICATIONS - TRIPLE HONEYWELL ARINC 750 RTA-50D VHF FM IMMUNE TRANSCEIVERS WITH 8.33 KHZ CHANNEL SPACING, VDL MODE 2, AND CMC INTERFACE CAPABILITY - P/N 965-1696-021 - BFE/SPE
|
***
|
2315D347A65
|
SATCOM - PARTIAL WIRING AND MOUNTING PROVISIONS - ROCKWELL COLLINS ICS-300 IRIDIUM SATCOM SYSTEM WITH A SINGLE TOP MOUNTED DUAL ELEMENT IRIDIUM ANTENNA
|
***
|
2321-000050
|
SELCAL - AVTECH FIVE CHANNEL DECODER - P/N 1200008-000 - BFE/SPE
|
***
|
2321-000063
|
SELCAL - ANNUNCIATION ON AUDIO SELECTOR PANELS
|
***
|
2322C939A06
|
COMMUNICATIONS MANAGEMENT UNIT (CMU) - DATA LINK RECORDING ACTIVATION
|
***
|
2322E516A03
|
CMU - INSTALLATION OF HONEYWELL MARK II ARINC 758 LEVEL AOA CMU W/ARINC SERVICE PROVIDER - DATA LINK RECORDING CAPABLE - P/N 965-0758-006 - BFE / SPE
|
***
|
2322E516A28
|
CMU - INSTALLATION OF PARTIAL PROVISIONS FOR A SINGLE CMU IN ACCORDANCE WITH ARINC 758
|
***
|
2324D197A18
|
EMERGENCY LOCATOR TRANSMITTER (ELT) - ACR ELECTRONICS AUTOMATIC FIXED - WITH NAVIGATION INTERFACE UNIT (NIU) - MODE S BROADCAST - WITH ANTENNA P/N 110-337 - BFE/SPE
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 4
|
|
BOEING PROPRIETARY
|
|
2331B754B15
|
PASSENGER ADDRESS (PA) SYSTEM - ARINC 715 - ROCKWELL COLLINS AMPLIFIER - BFE/SPE
|
***
|
2331E097A10
|
PRAM/BMM SYSTEM - PANASONIC - FASTEN SEAT BELT/DECOMPRESSION DISCRETES ACTIVATED - BFE/SPE
|
***
|
2342E559Y13
|
CABIN INTERPHONE SYSTEMS - ATTENDANT HANDSETS WITH UNIQUE MARKINGS
|
***
|
2350A150D50
|
AUDIO INTEGRATING - INHIBIT AURAL ALERT TRANSMISSIONS THROUGH CAPTAIN, FIRST OFFICER'S AND FIRST OBSERVER'S HEADPHONES
|
***
|
2350B872A08
|
AUDIO CONTROL PANEL - INTEGRATED SELCAL, CREW CALL, AND SATCOM FUNCTIONS - INSTALLATION - 3 VHF/2 HF
|
***
|
2351-000042
|
CONTROL WHEEL PUSH TO TALK (PTT) SWITCH - STANDARD THREE POSITION
|
***
|
2351A213A33
|
AUDIO INTEGRATION - INSTALLATION - TWO-PLUG AUDIO JACKS IN THE FLIGHT DECK
|
***
|
2351A213B77
|
BOOM MICROPHONE HEADSETS - CAPTAIN AND FIRST OFFICER - TELEX AIRMAN 750 - P/N 64300-200 - BFE/SPE
|
***
|
2351D360C80
|
PASSENGER CABIN MEDICAL COMMUNICATIONS SYSTEM - BOEING SKY INTERIOR
|
***
|
2371B628B41
|
VOICE RECORDER - RECORDER INDEPENDENT POWER SUPPLY (RIPS) - AFT LOWERED CEILING
|
***
|
2371E568A71
|
VOICE RECORDER AND MICROPHONE/MONITOR - HONEYWELL - 2 HOUR RECORDING TIME - WITH DATALINK RECORDING CAPABILITY - P/N 980-6032-003 AND P/N 980-6116-001 - BFE/SPE
|
***
|
2451-000036
|
GALLEY G1 POWER - 12 KVA
|
***
|
2451A694A83
|
GALLEY G2 POWER PROVISIONS- 17.25 KVA
|
***
|
2500E388Y03
|
ATTENDANT STATION - PARTIAL PROVISIONS - DOUBLE ATTENDANT SEAT, HANDSET, ATTENDANT WORKLIGHT, EMERGENCY EQUIPMENT, AND ATTENDANT SERVICE UNIT - STA 949 RH
|
***
|
2500E559Y59
|
NON-CERTIFIED FLYAWAY KIT - FIRST AID KIT BRACKETS
|
***
|
2513C410C22
|
FLIGHT COMPARTMENT ACCOMMODATIONS - EMERGENCY EVACUATION CHECKLIST PLACARD ON THE CAPTAIN AND FIRST OFFICER'S CONTROL COLUMNS
|
***
|
2513E437A99
|
LOG BOOK HOLDER - INSTALLATION - ON AFT FACE OF P8 AISLESTAND
|
***
|
2514E388X62
|
PASSENGER CABIN LINING - ENHANCED AIR RETURN GRILLE FASTENING PROVISIONS
|
***
|
2520C995T39
|
INTERIOR COLOR AND MATERIAL - UNIQUE DECORATIVE LAMINATE - VERTICAL WALLS
|
***
|
2520E388X63
|
INTERIOR COLOR AND MATERIAL - STANDARD OFFERING
|
***
|
2523E388X64
|
PASSENGER SERVICE UNITS - 737 BOEING SKY INTERIOR
|
***
|
2524E388X73
|
FULL HEIGHT WINDSCREEN/STOWAGE UNIT - AFT OF DOOR 1, LEFT - BFE/SPE
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 5
|
|
BOEING PROPRIETARY
|
|
2524E388X75
|
FORWARD RIGHT HAND FULL HEIGHT CLOSET - AFT STA 343 - BFE/SPE
|
***
|
2525A627A07
|
DOUBLE ATTENDANT SEAT - WALL MOUNTED - STA 304
|
***
|
2525C204K04
|
HIC AND FEMUR LOAD COMPLIANCE - ECONOMY CLASS SEATS
|
***
|
2525C204K05
|
HIC AND FEMUR LOAD COMPLIANCE - ATTENDANT SEATS
|
***
|
2525E388X66
|
ECONOMY CLASS SEATS - BFE/SPE
|
***
|
2525F135B11
|
MP - PASSENGER COMPARTMENT SEATS - REVISION - MERIDIAN SEAT UPDATES - ROCKWELL COLLINS INC - BFE
|
***
|
2527E388X67
|
FLOOR COVERING - CARPET - BFE/SPE
|
***
|
2527E388X68
|
FLOOR COVERING - GALLEY AND ENTRYWAY FLOOR MAT - BFE/SPE
|
***
|
2528C204J16
|
FIRST FORWARD CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT OR LIFE RAFT - 737 BOEING SKY INTERIOR
|
***
|
2528C204J20
|
FIRST MID CABIN CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT OR LIFE RAFT - 737 BOEING SKY INTERIOR
|
***
|
2528C204J22
|
SECOND MID-CABIN CENTER OVERHEAD STOWAGE COMPARTMENT - PROVISIONED FOR PALLETIZED EQUIPMENT OR LIFE RAFT - 737 BOEING SKY INTERIOR
|
***
|
2528E388X69
|
LITERATURE POCKETS
|
***
|
2528E388X71
|
OVERHEAD STOWAGE BINS - 737 BOEING SKY INTERIOR
|
***
|
2529C204J81
|
FORWARD ATTENDANT WORKSTATION - PANEL & HANDSET - BOEING SKY INTERIOR
|
***
|
2530E388X74
|
GALLEY PART NUMBERS - STANDARD EFFORT - BFE/SPE
|
***
|
2530E388X76
|
GALLEY INSERT PART NUMBERS - BFE/SPE
|
***
|
2530E388X77
|
GALLEY CHILLER - AFT G4B GALLEY - PROVISIONS
|
***
|
2530E559K26
|
GALLEY G1 - AFT STATION 293 - BFE/SPE
|
***
|
2540D347A92
|
LA ADVANCED LAVATORY
|
***
|
2540E388X78
|
LA ADVANCED LAVATORY 2.0 SELECTABLES
|
***
|
2540E388X79
|
LD ADVANCED LAVATORY 2.0 SELECTABLES
|
***
|
2540E388X80
|
LE ADVANCED LAVATORY 2.0 SELECTABLES
|
***
|
2560-000269
|
CREW LIFE VEST STOWAGE - FLIGHT DECK, SECOND OBSERVER - CAPTAIN'S SEAT BACK
|
***
|
2560C410D09
|
CREW LIFE VESTS - FLIGHT DECK, WITH SECOND OBSERVER - EASTERN AERO MARINE INC - P/N P01202-301C - BFE/SPE
|
***
|
2562E388X81
|
OVERWATER EMERGENCY EQUIPMENT - BFE/SPE - 737 BOEING SKY INTERIOR
|
***
|
2564E388X93
|
DETACHABLE EMERGENCY EQUIPMENT - PASSENGER COMPARTMENT - BFE/SPE - 737 BOEING SKY INTERIOR
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 6
|
|
BOEING PROPRIETARY
|
|
2564F086A27
|
MP - DETACHABLE EMERGENCY EQUIPMENT - ADDITION - PASSENGER COMPARTMENT - OXYGEN BOTTLE AND MASK - AVOX - BFE
|
***
|
2622E088A14
|
APU FIRE EXTINGUISHER BOTTLE - COMMON WITH ENGINE BOTTLES
|
***
|
2841-000004
|
STANDARD FUEL SYSTEM ACCURACY - NO FUEL DENSITOMETERS
|
***
|
2841-000012
|
FUEL QUANTITY INDICATORS ON RIGHT WING FUELING PANEL
|
***
|
2844-000019
|
FUEL MEASURING STICKS IN LINEAR UNITS WITH CONVERSION TABLES IN U.S. GALLONS
|
***
|
2911-000042
|
ENGINE-DRIVEN HYDRAULIC PUMPS WITH VESPEL SPLINE - EATON (VICKERS) - 10-62167
|
***
|
2911-000043
|
AC MOTOR-DRIVEN HYDRAULIC PUMPS - PARKER (ABEX) - 10-60556
|
***
|
3041-000003
|
NO HEATED FLIGHT COMPARTMENT NUMBER 3 WINDOW
|
***
|
3131-000143
|
ACCELEROMETER - HONEYWELL P/N 971-4193-001 - BFE/SPE
|
***
|
3131E103A15
|
DIGITAL FLIGHT DATA ACQUISITION UNIT (DFDAU) - CATIIIB/IAN/GLS/NPS CAPABLE - WITH ACMS CAPABILITY - ONS - SFE
|
***
|
3131E568A70
|
DIGITAL FLIGHT DATA RECORDER (DFDR) - HONEYWELL - 1024 WORDS PER SECOND MAXIMUM DATA RATE - P/N 980-4750-003 - BFE/SPE
|
***
|
3132E437D33
|
ARINC 615 PORTABLE DATA LOADER CONNECTOR - INSTALLATION - FLIGHT DECK - P61-4 MAINTENANCE BITE PANEL
|
***
|
3133-000123
|
ARINC 740 PRINTER PROVISIONS IN THE FLIGHT DECK AISLESTAND
|
***
|
3135E526B33
|
ONBOARD NETWORK SYSTEM - QUICK ACCESS RECORDER - DAR OUTPUT
|
***
|
3161-000133
|
ENGINE FUEL FLOW - FULL TIME DISPLAY - PRIMARY ENGINE DISPLAY UNIT
|
***
|
3161C175A22
|
ENGINE OIL QUANTITY DISPLAY - PERCENT - ENGINE DISPLAY
|
***
|
3162-000018
|
ATTITUDE COMPARATOR - FLASHING - ADI
|
***
|
3162-000022
|
FLIGHT DIRECTOR COMMAND DISPLAY - SPLIT AXIS - ADI
|
***
|
3162-000028
|
RADIO ALTITUDE - BELOW ADI
|
***
|
3162-000030
|
RISING RUNWAY - DISPLAYED ON THE ADI
|
***
|
3162-000036
|
LANDING ALTITUDE REFERENCE BAR - PRIMARY FLIGHT DISPLAY
|
***
|
3162-000040
|
BARO MINIMUMS POINTER - DISPLAYED ON SELECTION OF RADIO ALTITUDE MINIMUMS - PRIMARY FLIGHT DISPLAY
|
***
|
3162-000044
|
TCAS RESOLUTION ADVISORY - VSI
|
***
|
3162-000051
|
ILS LOCALIZER DEVIATION EXPANDED SCALE - AUTOPILOT OR FLIGHT DIRECTOR MODE
|
***
|
3162-000059
|
MAP MODE ORIENTATION - TRACK UP - NAVIGATION DISPLAY
|
***
|
3162-000064
|
RANGE ARCS - NAVIGATION DISPLAY
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 7
|
|
BOEING PROPRIETARY
|
|
3162-000079
|
MANUALLY TUNED VOR SELECTED COURSE LINES DISPLAYED - NAVIGATION DISPLAY
|
***
|
3162-000084
|
TCAS 3 NM RANGE RING - NAVIGATION DISPLAY
|
***
|
3162-000088
|
AIRSPEED BUG - ENABLED - 80 KNOT SETTING - MACH AIRSPEED INDICATOR
|
***
|
3162A627A36
|
CDS - SOFTWARE ACTIVATION - VNAV SPEED BANDS - ENABLE
|
***
|
3162C594A29
|
CDS - SOFTWARE ACTIVATION - NAVIGATION PERFORMANCE SCALES - ENABLE
|
***
|
3162E437C94
|
FLIGHT AND NAVIGATION DISPLAYS - LANDING SYS ELECTRONIC PLACARD WORKSHEET - AUXILIARY DISPLAY
|
***
|
3244-000008
|
SERVICE INTERPHONE CONNECTOR - EXTERNAL POWER PANEL
|
***
|
3245B290A77
|
WHEELS AND TIRES - NOSE LANDING GEAR - WHEELS - GOODRICH - INSTALLATION WITH SFE 12 PR, 235 MPH RATED RADIAL TIRES
|
***
|
3245B290A92
|
BRAKES - CARBON - GOODRICH
|
***
|
3245C927A08
|
WHEELS AND TIRES - MAIN LANDING GEAR - WHEELS FOR CARBON BRAKES - GOODRICH - INSTALLATION WITH 30-PR, 235 MPH RADIAL TIRES
|
***
|
3321C869A65
|
PASSENGER CABIN LIGHTING - SINGLE-ZONE CONTROL - 737 BOEING SKY INTERIOR
|
***
|
3324C195A04
|
NO SMOKING SIGN - SILK SCREENED SYMBOL AND RETAIN CHIME FUNCTION
|
***
|
3350E097A38
|
EMERGENCY ESCAPE PATH LIGHTING - FLOOR MOUNTED - NARROW COLOR PHOTOLUMINESCENT
|
***
|
3412-000022
|
DUAL ELEMENT NON-ASPIRATED TAT PROBE
|
***
|
3430E717A25
|
MULTI-MODE RECEIVER (MMR) - HONEYWELL - P/N 69002600-0101 - BFE/SPE
|
***
|
3431C175A06
|
NAVIGATION CONTROL PANEL (NCP) - GNSS LANDING SYSTEM (GLS) CAPABLE - GABLES - P/N G7501-01- BFE/SPE
|
***
|
3433E954A02
|
LOW RANGE RADIO ALTIMETER (LRRA)- CAT IIIB CAPABLE - HONEYWELL - P/N 066-50007-0631 - BFE/SPE
|
***
|
3436D972A01
|
HEAD-UP DISPLAY (HUD) - PARTIAL PROVISIONS FOR SINGLE ROCKWELL COLLINS HEAD-UP GUIDANCE SYSTEM (HGS) MODEL 6000 WITH MCDU INTERFACE
|
***
|
3436D972A02
|
HEAD-UP DISPLAY (HUD) - INSTALLATION OF SINGLE ROCKWELL COLLINS HEAD-UP GUIDANCE SYSTEM (HGS) MODEL 6000 WITH MCDU INTERFACE - STC CERTIFIED - BFE/SPE
|
***
|
3443B696L73
|
SINGLE WEATHER RADAR SYSTEM CONTROL PANEL - HONEYWELL RDR-4000 RADAR SYSTEM - P/N 930-5101-001 - BFE/SPE
|
***
|
3443E032A44
|
SINGLE WEATHER RADAR SYSTEM - WITH PREDICTIVE WINDSHEAR - HONEYWELL RDR-4000, VERSION 2 TRANSCEIVER - 930-2000-001 - BFE/SPE
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 8
|
|
BOEING PROPRIETARY
|
|
3443E706F79
|
MP - WEATHER RADAR (WXR) SYSTEM - REPLACEMENT - HONEYWELL MODEL RDR-4000 - WITH VERSION 2 SOFTWARE - WXR TRANSMITTER/RECEIVER P/N 930-2000-010 IN LIEU OF P/N 930-2000-001 - BFE
|
***
|
3445C594B01
|
TCAS SYSTEM - HONEYWELL TCAS COMPUTER P/N 940-0351-001 - TCAS CHANGE 7.1 COMPLIANT - BFE/SPE
|
***
|
3446-000046
|
LOW VOLUME FOR ALTITUDE CALLOUTS
|
***
|
3446-000049
|
500 SMART CALLOUT INHIBITED
|
***
|
3446-000057
|
GROUND PROXIMITY WARNING SYSTEM ALTITUDE CALLOUTS - 100, 50, 30, 10
|
***
|
3446C174A14
|
ENHANCED GROUND PROXIMITY WARNING SYSTEM (EGPWS) - BANK ANGLE CALLOUT (VARIABLE CALLOUT BELOW 130 FT) - ENABLE
|
***
|
3453E052A56
|
ATC SYSTEM - HONEYWELL ATC TRANSPONDER P/N 066-01212-0301 - ADS-B OUT DO-260B COMPLIANT - HONEYWELL CONTROL PANEL P/N 071-01503-2601 - BFE/SPE
|
***
|
3455E954A03
|
DISTANCE MEASURING EQUIPMENT (DME) - SCANNING INTERROGATOR - HONEYWELL P/N 066-50013-1511 - BFE/SPE
|
***
|
3461A150B73
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ENGINE-OUT STANDARD INSTRUMENT DEPARTURES (SID'S) - ENABLE
|
***
|
3461A425A10
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION DATABASE - CUSTOMER SUPPLIED
|
***
|
3461A425A17
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIRLINE OPERATIONAL COMMUNICATION DATA LINK (AOC DL) - FEATURE ACTIVATION
|
***
|
3461A425A30
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS)- ABEAM WAYPOINTS- ENABLE
|
***
|
3461A425A48
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ACTIVATE COLOR OPERATION
|
***
|
3461A890A76
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - NAVIGATION DISPLAY - MISSED APPROACH IN CYAN UNTIL ACTIVE - ENABLE
|
***
|
3461B430C49
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - REQUIRED NAVIGATION PERFORMANCE (RNP) DEFAULT VALUE CHANGE
|
***
|
3461B696K97
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - VERTICAL RNP DEFAULT VALUE - REVISION
|
***
|
3461C175A11
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - AIR TRAFFIC SERVICES DATA LINK (ATS DL) - FANS FEATURE ACTIVATION
|
***
|
3461C175A14
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - FANS CAPABLE MCDU WITH ATC KEYBOARD - INSTALLATION-SFE
|
***
|
3461C175A32
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - COMMON VNAV - ENABLE
|
***
|
3461C175A33
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - ADDITIONAL CONTROL DISPLAY UNIT (CDU) FIX PAGES - ENABLE
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 9
|
|
BOEING PROPRIETARY
|
|
3461C175A34
|
FLIGHT MANAGEMENT COMPUTER SYSTEM (FMCS) - SPEED PROPAGATION FROM THE CRUISE PAGE TO THE DESCENT PAGE - ENABLE
|
***
|
3461C430J05
|
FLIGHT MANAGEMENT COMPUTING SYSTEM (FMCS) - VOR INHIBIT
|
***
|
3461C594A26
|
FLIGHT MANAGEMENT COMPUTING SYSTEM (FMCS) - INTENT DATA TRANSMITTED TO ACARS - ENABLE
|
***
|
3511E837B11
|
CREW OXYGEN MASK - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - FIRST OBSERVER - AVOX - BFE/SPE
|
***
|
3511E837B17
|
CREW OXYGEN MASKS - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - CAPTAIN AND FIRST OFFICER - AVOX - BFE/SPE
|
***
|
3511E837B22
|
CREW OXYGEN MASK - FULL FACE MASK WITH BUILT-IN SMOKE GOGGLES - SECOND OBSERVER - AVOX - BFE/SPE
|
***
|
3811-000017
|
POTABLE WATER - SERVICEABLE TO 40 GALLONS
|
***
|
3812-000002
|
NO WATER QUANTITY GAUGE - WATER SERVICE PANEL
|
***
|
3832-000076
|
NO SENSOR FOULED LIGHT - COVER PLATE
|
***
|
3832-000078
|
NO WASTE QUANTITY GAUGE - COVER PLATE
|
***
|
3910E437A86
|
AFT ELECTRONICS PANEL ARRANGEMENT WITH TWO RADIO TUNING PANELS AND ARINC 740 PRINTER PROVISIONS
|
***
|
4435E484D00
|
HIGH SPEED COMMUNICATION - PARTIAL PROVISIONS - GLOBAL EAGLE ENTERTAINMENT CABIN NETWORK SYSTEM WITH KU BAND CONNECTIVITY - THREE WIRELESS ACCESS POINTS (WAP) - 737 BOEING SKY INTERIOR
|
***
|
4435E484D49
|
HIGH-SPEED COMMUNICATIONS - SYSTEM INSTALLATION INTO PARTIAL PROVISIONS FOR A WIRELESS CABIN NETWORK WITH 3 CABIN WIRELESS LAN UNITS (CWLU) AND KU BAND CONNECTIVITY - GLOBAL EAGLE ENTERTAINMENT - CSE/SPE
|
***
|
4435E484D79
|
HIGH-SPEED COMMUNICATIONS - BROADBAND CONTROL PANEL WITH THREE POSITION SWITCH
|
***
|
4435E484D92
|
HIGH-SPEED COMMUNICATIONS - INSTALLATION - OPERATIONAL SOFTWARE - GLOBAL EAGLE ENTERTAINMENT - CSE/SPE
|
***
|
4435E526E63
|
HIGH-SPEED COMMUNICATIONS - STRUCTURAL PROVISIONS - TRI-BAND RADOME
|
***
|
4435E837C85
|
HIGH-SPEED COMMUNICATIONS - TRI-BAND RADOME INSTALLATION - BLUE COLOR (BAC 51705)
|
***
|
4610E526A81
|
ONBOARD NETWORK SYSTEM - PARTIAL PROVISIONS - GROUND BASED CONNECTIVITY
|
***
|
4610E526B92
|
ONBOARD NETWORK SYSTEM - CELLULAR AND WIFI GROUND BASED CONNECTIVITY - WIRELESS WIDE AREA NETWORK UNIT (WWU) - BFE/SPE
|
***
|
4610E526E60
|
ONBOARD NETWORK SYSTEM - ACTIVATION OF ONS-ACARS CMU INTERFACE
|
***
|
5231A561C54
|
CARGO DOOR - SOLID SKIN
|
***
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 10
|
|
BOEING PROPRIETARY
|
|
5300-000027
|
UNDERSEAT FLOOR PANELS, LOW TRAFFIC CAPABILITY
|
***
|
5352A298A28
|
RADOME- NORDAM- SFE
|
***
|
7200D422A09
|
CFM LEAP-1B ENGINES - 1B27C RATING
|
***
|
MISC THRUST-1
|
THRUST PRICING ADJUSTMENT FOR SIDE LETTER PRICING
|
***
|
7900-000116
|
LUBRICATING OIL - MOBIL JET II
|
***
|
MISC
|
INTERIOR ALLOWANCE
|
***
|
|
|
|
|
TOTALS:
|
***
|
|
|
|
SWA-PA-03729-EXA2
|
|
SA-8
|
|
|
Page 11
|
|
BOEING PROPRIETARY
|
|
SWA-PA-03729-BFE2
|
|
SA-8
|
|
BOEING PROPRIETARY
|
Page
1
|
1.
|
Supplier Selection
.
|
SWA-PA-03729-BFE2
|
|
SA-8
|
|
BOEING PROPRIETARY
|
Page
2
|
Nominal Del Date
|
Aircraft Qty
|
Seats
|
Galley / Furnishings
|
Antennas & Mounting Equipment
|
Avionics
|
Cabin Systems Equipment
|
Misc. Emergency Equipment
|
Textiles / Raw Materials
|
Cargo Systems
|
Provision Kits
|
Radomes
|
Apr-2019
|
3
|
2/20/2019
|
2/13/2019
|
12/25/2018
|
2/13/2019
|
2/13/2019
|
2/13/2019
|
11/9/2018
|
1/30/2019
|
10/9/2018
|
1/15/2019
|
May-2019
|
2
|
3/22/2019
|
3/15/2019
|
1/24/2019
|
3/15/2019
|
3/15/2019
|
3/15/2019
|
12/11/2018
|
3/1/2019
|
11/8/2018
|
2/14/2019
|
Aug-2019
|
2
|
6/24/2019
|
6/17/2019
|
4/26/2019
|
6/17/2019
|
6/17/2019
|
6/17/2019
|
3/13/2019
|
6/3/2019
|
2/8/2019
|
5/17/2019
|
Jan-2023
|
1
|
11/23/2022
|
11/16/2022
|
9/27/2022
|
11/16/2022
|
11/16/2022
|
11/16/2022
|
8/12/2022
|
11/2/2022
|
7/12/2022
|
10/18/2022
|
Feb-2023
|
1
|
12/23/2022
|
12/16/2022
|
10/27/2022
|
12/16/2022
|
12/16/2022
|
12/16/2022
|
9/13/2022
|
12/2/2022
|
8/11/2022
|
11/17/2022
|
Mar-2023
|
1
|
1/20/2023
|
1/13/2023
|
11/24/2022
|
1/13/2023
|
1/13/2023
|
1/13/2023
|
10/11/2022
|
12/30/2022
|
9/8/2022
|
12/15/2022
|
Apr-2023
|
1
|
2/22/2023
|
2/15/2023
|
12/27/2022
|
2/15/2023
|
2/15/2023
|
2/15/2023
|
11/11/2022
|
2/1/2023
|
10/11/2022
|
1/17/2023
|
May-2023
|
1
|
3/22/2023
|
3/15/2023
|
1/24/2023
|
3/15/2023
|
3/15/2023
|
3/15/2023
|
12/9/2022
|
3/1/2023
|
11/8/2022
|
2/14/2023
|
Jun-2023
|
1
|
4/24/2023
|
4/17/2023
|
2/24/2023
|
4/17/2023
|
4/17/2023
|
4/17/2023
|
1/11/2023
|
4/3/2023
|
12/9/2022
|
3/17/2023
|
Jul-2023
|
1
|
5/24/2023
|
5/17/2023
|
3/28/2023
|
5/17/2023
|
5/17/2023
|
5/17/2023
|
2/10/2023
|
5/3/2023
|
1/10/2023
|
4/18/2023
|
Aug-2023
|
1
|
6/22/2023
|
6/15/2023
|
4/26/2023
|
6/15/2023
|
6/15/2023
|
6/15/2023
|
3/13/2023
|
6/1/2023
|
2/8/2023
|
5/17/2023
|
Sep-2023
|
1
|
7/25/2023
|
7/18/2023
|
5/29/2023
|
7/18/2023
|
7/18/2023
|
7/18/2023
|
4/13/2023
|
7/4/2023
|
3/13/2023
|
6/19/2023
|
Oct-2023
|
1
|
8/23/2023
|
8/16/2023
|
6/27/2023
|
8/16/2023
|
8/16/2023
|
8/16/2023
|
5/12/2023
|
8/2/2023
|
4/11/2023
|
7/18/2023
|
Nov-2023
|
1
|
9/22/2023
|
9/15/2023
|
7/27/2023
|
9/15/2023
|
9/15/2023
|
9/15/2023
|
6/13/2023
|
9/1/2023
|
5/11/2023
|
8/17/2023
|
Dec-2023
|
1
|
10/24/2023
|
10/17/2023
|
8/28/2023
|
10/17/2023
|
10/17/2023
|
10/17/2023
|
7/13/2023
|
10/3/2023
|
6/12/2023
|
9/18/2023
|
Jan-2024
|
1
|
11/22/2023
|
11/15/2023
|
9/26/2023
|
11/15/2023
|
11/15/2023
|
11/15/2023
|
8/11/2023
|
11/1/2023
|
7/11/2023
|
10/17/2023
|
Feb-2024
|
1
|
12/25/2023
|
12/18/2023
|
10/27/2023
|
12/18/2023
|
12/18/2023
|
12/18/2023
|
9/13/2023
|
12/4/2023
|
8/11/2023
|
11/17/2023
|
Mar-2024
|
1
|
1/23/2024
|
1/16/2024
|
11/27/2023
|
1/16/2024
|
1/16/2024
|
1/16/2024
|
10/12/2023
|
1/2/2024
|
9/11/2023
|
12/18/2023
|
Apr-2024
|
1
|
2/21/2024
|
2/14/2024
|
12/26/2023
|
2/14/2024
|
2/14/2024
|
2/14/2024
|
11/10/2023
|
1/31/2024
|
10/10/2023
|
1/16/2024
|
May-2024
|
1
|
3/22/2024
|
3/15/2024
|
1/25/2024
|
3/15/2024
|
3/15/2024
|
3/15/2024
|
12/12/2023
|
3/1/2024
|
11/9/2023
|
2/15/2024
|
Jun-2024
|
1
|
4/24/2024
|
4/17/2024
|
2/27/2024
|
4/17/2024
|
4/17/2024
|
4/17/2024
|
1/12/2024
|
4/3/2024
|
12/12/2023
|
3/19/2024
|
Jul-2024
|
1
|
5/22/2024
|
5/15/2024
|
3/26/2024
|
5/15/2024
|
5/15/2024
|
5/15/2024
|
2/9/2024
|
5/1/2024
|
1/9/2024
|
4/16/2024
|
Aug-2024
|
1
|
6/24/2024
|
6/17/2024
|
4/26/2024
|
6/17/2024
|
6/17/2024
|
6/17/2024
|
3/13/2024
|
6/3/2024
|
2/9/2024
|
5/17/2024
|
Sep-2024
|
1
|
7/24/2024
|
7/17/2024
|
5/28/2024
|
7/17/2024
|
7/17/2024
|
7/17/2024
|
4/12/2024
|
7/3/2024
|
3/12/2024
|
6/18/2024
|
Oct-2024
|
1
|
8/22/2024
|
8/15/2024
|
6/26/2024
|
8/15/2024
|
8/15/2024
|
8/15/2024
|
5/13/2024
|
8/1/2024
|
4/10/2024
|
7/17/2024
|
Nov-2024
|
1
|
9/24/2024
|
9/17/2024
|
7/29/2024
|
9/17/2024
|
9/17/2024
|
9/17/2024
|
6/13/2024
|
9/3/2024
|
5/13/2024
|
8/19/2024
|
Total
|
30
|
|
|
|
|
|
|
|
|
|
|
SWA-PA-03729-BFE2
|
|
SA-8
|
|
BOEING PROPRIETARY
|
Page
3
|
SWA-PA-03729-BFE2
|
|
SA-8
|
|
BOEING PROPRIETARY
|
Page
4
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
Subject:
|
Open Matters
|
Reference:
|
Purchase Agreement No. PA‑03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737‑8 and 737-7 aircraft (
Aircraft
)
|
SWA‑PA‑03729‑LA‑1106463R3
|
|
SA-8
|
Open Matters
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1106463R3
|
|
SA-8
|
Open Matters
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
|
|
|
||
SOUTHWEST AIRLINES CO.
|
||
|
|
|
By
|
/s/ Chris Monroe
|
|
|
|
|
Its
|
Chris Monroe
|
|
|
SVP, Finance
|
SWA‑PA‑03729‑LA‑1106463R3
|
|
SA-8
|
Open Matters
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
Subject:
|
Option Aircraft
|
Reference:
|
Purchase Agreement No. PA‑03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737‑8 aircraft and Model 737-7 aircraft
|
SWA‑PA‑03729‑LA‑1106474
R2
|
|
SA-8
|
Option Aircraft
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1106474
R2
|
|
SA-8
|
Option Aircraft
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1106474
R2
|
|
SA-8
|
Option Aircraft
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
|
|
|
||
SOUTHWEST AIRLINES CO.
|
||
|
|
|
By
|
/s/ Chris Monroe
|
|
|
|
|
Its
|
Chris Monroe
|
|
|
SVP, Finance
|
SWA‑PA‑03729‑LA‑1106474
R2
|
|
SA-8
|
Option Aircraft
|
|
Page 4
|
|
BOEING PROPRIETARY
|
|
|
Attachment 1 To
|
|
|
Letter Agreement No. LA 1106474
|
|
|
Option Aircraft Delivery, Description, Price and Advance Payments
|
|
Airframe Model/MTOW:
|
737-8
|
181,200 pounds
|
|
Detail Specification:
|
|
D019A008-P (5/1/2017)
|
|
|
4Q16 External Fcst
|
Engine Model/Thrust:
|
CFMLEAP-1B28
(1)
|
28,800 pounds
|
|
Airframe Price Base Year/Escalation Formula:
|
|
Jul-11
|
|
ECI-MFG/CPI
|
|
Airframe Price:
|
|
***
|
|
Engine Price Base Year/Escalation Formula:
|
|
N/A
|
|
N/A
|
|
Optional Features:
|
|
***
|
|
|
|
|
|
|
|
Sub-Total of Airframe and Features:
|
|
***
|
|
Airframe Escalation Data:
|
|
|
|
|
|
Engine Price (Per Aircraft):
|
|
***
|
|
Base Year Index (ECI):
|
|
|
***
|
|
|
Aircraft Basic Price (Excluding BFE/SPE):
|
|
***
|
|
Base Year Index (CPI
|
|
|
***
|
|
|
Buyer Furnished Equipment (BFE) Estimate:
|
|
***
|
|
|
|
|
|
|
|
Seller Purchased Equipment (SPE) Estimate:
|
|
***
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Refundable Deposit/Aircraft at Def Agreemt:
|
|
***
|
|
|
|
|
|
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Option
Exercise Date
Deadline
|
Aircraft
Block
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||
Mar-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
May-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Jul-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Aug-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Oct-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Nov-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Dec-2022
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729-LA1106474
107813.TXT
|
Boeing Proprietary
|
Page
1
|
|
Attachment 1 To
|
|
|
Letter Agreement No. LA 1106474
|
|
|
Option Aircraft Delivery, Description, Price and Advance Payments
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Option
Exercise Date
Deadline
|
Aircraft
Block
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||
Dec-2022
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Jan-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Feb-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Mar-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Apr-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
May-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
May-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Jun-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Jul-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Aug-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Sep-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Oct-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Nov-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2023
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Dec-2023
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729-LA1106474
107813.TXT
|
Boeing Proprietary
|
Page
2
|
|
Attachment 1 To
|
|
|
Letter Agreement No. LA 1106474
|
|
|
Option Aircraft Delivery, Description, Price and Advance Payments
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Option
Exercise Date
Deadline
|
Aircraft
Block
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||
Jan-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Feb-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Mar-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Apr-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
May-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
May-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Jun-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Aug-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Sep-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Oct-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Nov-2024
|
1
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2024
|
1
|
***
|
***
|
D
|
***
|
***
|
***
|
***
|
***
|
Dec-2024
|
2
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729-LA1106474
107813.TXT
|
Boeing Proprietary
|
Page
3
|
|
Attachment 1 To
|
|
|
Letter Agreement No. LA 1106474
|
|
|
Option Aircraft Delivery, Description, Price and Advance Payments
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Option
Exercise Date
Deadline
|
Aircraft
Block
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||
May-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2025
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
May-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jun-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Sep-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Oct-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Nov-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Dec-2026
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jan-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Feb-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Mar-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Apr-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
May-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729-LA1106474
107813.TXT
|
Boeing Proprietary
|
Page
4
|
|
Attachment 1 To
|
|
|
Letter Agreement No. LA 1106474
|
|
|
Option Aircraft Delivery, Description, Price and Advance Payments
|
|
Delivery
Date*
|
Number of
Aircraft
|
Escalation
Factor
(Airframe)
|
Option
Exercise Date
Deadline
|
Aircraft
Block
|
Escalation Estimate
Adv Payment Base
Price Per A/P
|
Advance Payment Per Aircraft (Amts. Due/Mos. Prior to Delivery):
|
|||
At Signing
***
|
24 Mos.
***
|
21/18/12/9/6 Mos.
***
|
Total
***
|
||||||
Jun-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Jul-2027
|
3
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
Aug-2027
|
2
|
***
|
***
|
|
***
|
***
|
***
|
***
|
***
|
|
|
SA-8
|
SWA-PA-03729-LA1106474
107813.TXT
|
Boeing Proprietary
|
Page
5
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
Subject:
|
***
|
References:
|
1) Purchase Agreement No. PA‑03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737‑8 and Model 737-7 aircraft
|
SWA‑PA‑03729‑LA‑1106475
R3
|
|
SA-8
|
***
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1106475
R3
|
|
SA-8
|
***
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
3.
|
Assignment
.
|
4.
|
Confidentiality
|
SWA‑PA‑03729‑LA‑1106475
R3
|
|
SA-8
|
***
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
|
|
|
||
SOUTHWEST AIRLINES CO.
|
||
|
|
|
By
|
/s/ Chris Monroe
|
|
|
|
|
Its
|
Chris Monroe
|
|
|
SVP, Finance
|
SWA‑PA‑03729‑LA‑1106475
R3
|
|
SA-8
|
***
|
|
Page 4
|
|
BOEING PROPRIETARY
|
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
Subject:
|
***
|
Reference:
|
Purchase Agreement No. PA-03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737-8 aircraft and Model 737-7 aircraft
|
1.
|
***
|
SWA‑PA‑03729‑LA‑1106476
R2
|
|
SA-8
|
***
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
SWA‑PA‑03729‑LA‑1106476
R2
|
|
SA-8
|
***
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
|
The Boeing Company
|
|
P. O. Box 3707
|
|
|
Seattle, WA 98124-2207
|
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
|
|
|
||
SOUTHWEST AIRLINES CO.
|
||
|
|
|
By
|
/s/ Chris Monroe
|
|
|
|
|
Its
|
Chris Monroe
|
|
|
SVP, Finance
|
SWA‑PA‑03729‑LA‑1106476
R2
|
|
SA-8
|
***
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
|
Subject:
|
***
|
Reference:
|
Purchase Agreement No. PA-03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737-8 and 737-7 aircraft (
Aircraft
)
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 3
|
|
BOEING PROPRIETARY
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
|
|
|
||
SOUTHWEST AIRLINES CO.
|
||
|
|
|
By
|
/s/ Chris Monroe
|
|
|
|
|
Its
|
Chris Monroe
|
|
|
SVP, Finance
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 4
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 5
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 6
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 7
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 8
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 9
|
|
BOEING PROPRIETARY
|
|
|
SWA-PA-03729-LA-1106484R1
|
|
SA-8
|
***
|
|
Page 10
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1301170
R2
|
|
SA-8
|
***
|
|
Page 1
|
|
BOEING PROPRIETARY
|
|
|
SWA‑PA‑03729‑LA‑1301170
R2
|
|
SA-8
|
***
|
|
Page 2
|
|
BOEING PROPRIETARY
|
|
|
THE BOEING COMPANY
|
||
|
|
|
By
|
/s/ Kyle Kersavage
|
|
Its
|
Attorney‑In‑Fact
|
|
|
|
|
ACCEPTED AND AGREED TO this
|
||
|
|
|
Date:
|
December 20, 2017
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SOUTHWEST AIRLINES CO.
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By
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/s/ Chris Monroe
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Its
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Chris Monroe
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SVP, Finance
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SWA‑PA‑03729‑LA‑1301170
R2
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SA-8
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***
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Page 3
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BOEING PROPRIETARY
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Subject:
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***
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Reference:
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Purchase Agreement No.PA‑03729 (
Purchase Agreement
) between The Boeing Company (
Boeing
) and Southwest Airlines Co. (
Customer
) relating to Model 737‑8 and Model 737-7 aircraft
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SWA‑PA‑03729‑LA‑1106467
R2
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SA-8
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***
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Page 1
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BOEING PROPRIETARY
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SWA‑PA‑03729‑LA‑1106467
R2
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SA-8
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***
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Page 2
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BOEING PROPRIETARY
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THE BOEING COMPANY
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By
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/s/ Kyle Kersavage
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Its
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Attorney‑In‑Fact
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ACCEPTED AND AGREED TO this
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Date:
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December 20, 2017
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SOUTHWEST AIRLINES CO.
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By
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/s/ Chris Monroe
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Its
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Chris Monroe
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SVP, Finance
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SWA‑PA‑03729‑LA‑1106467
R2
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SA-8
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***
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Page 3
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BOEING PROPRIETARY
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Name
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State or Other Jurisdiction of Incorporation
or Organization
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AirTran Airways 717 Leasing Corporation
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Delaware
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AirTran Airways, Inc.
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Delaware
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AirTran Holdings, LLC
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Texas
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AirTran Risk Management, Inc.
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Delaware
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Southwest Jet Fuel Co.
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Texas
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Triple Crown Insurance Co., Ltd.
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Bermuda
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By:
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/s/ Gary C. Kelly
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Gary C. Kelly
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Chairman of the Board & Chief Executive Officer
(Principal Executive Officer)
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By:
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/s/ Tammy Romo
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Tammy Romo
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Executive Vice President & Chief Financial Officer
(Principal Financial & Accounting Officer)
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(1)
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The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
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(2)
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The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
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By:
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/s/ Gary C. Kelly
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Gary C. Kelly
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Chairman of the Board & Chief Executive Officer
(Principal Executive Officer)
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By:
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/s/ Tammy Romo
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Tammy Romo
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Executive Vice President & Chief Financial Officer
(Principal Financial & Accounting Officer)
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