75 unchanged sentences
3.1 Restated Certificate of Formation of the Company, effective May 18, 2012 (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2012 (File No.
−Removed: 3.2 Fourth Amended and Restated Bylaws of the Company, effective February 2, 2024 (incorporated by reference to Exhibit 3.2 to the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (File No.
+Added: 3.2 Fifth Amended and Restated Bylaws of the Company, effective May 16, 2025 (incorporated by reference to Exhibit 3.1 to the Company's Current Report on Form 8-K filed May 19, 2025 (File No.
4.1 Specimen certificate representing common stock of the Company (incorporated by reference to Exhibit 4.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 1994 (File No.
10 unchanged sentences
10.1 Form of Amended and Restated Executive Service Recognition Plan Executive Employment Agreement between the Company and certain Officers of the Company (incorporated by reference to Exhibit 10.2 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 (File No.
−Removed: 10.2 Letter Agreement between Southwest Airlines Co.
−Removed: Kelly, effective as of February 1, 2022 (incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (File No.
−Removed: 10.2(a) Amendment No.
−Removed: 1 to the Letter Agreement between Southwest Airlines Co.
−Removed: Kelly, effective as of October 31, 2024.
10.2 Southwest Airlines Co.
+Added: Senior Executive Short Term Incentive Plan (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed January 30, 2013 (File No.
+Added: 10.3 Southwest Airlines Co.
+Added: Deferred Compensation Plan for Senior Leadership and Non-Employee Members of the Southwest Airlines Co.
+Added: Board of Directors (as amended and restated, effective as of January 1, 2018) (incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 (File No.
+Added: 10.4 Southwest Airlines Co.
Amended and Restated Severance Plan for Directors (as amended and restated effective May 19, 2009) (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 (File No.
1 unchanged sentence
Outside Director Incentive Plan (as amended and restated effective May 16, 2007) (incorporated by reference to Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2007 (File No.
−Removed: 10.5 Southwest Airlines Co.
−Removed: Amended and Restated 2007 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed May 20, 2024 (File No.
+Added: 10.6 Form of Indemnification Agreement between the Company and its Directors (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed January 22, 2009 (File No.
10.7 Southwest Airlines Co.
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2005 Excess Benefit Plan (as amended and restated, effective as of January 1, 2018) (incorporated by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 (File No.
−Removed: 10.10 Form of Indemnification Agreement between the Company and its Directors (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed January 22, 2009 (File No.
10.11 Southwest Airlines Co.
+Added: Amended and Restated 2007 Equity Incentive Plan (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed May 20, 2024 (File No.
+Added: 10.12 Southwest Airlines Co.
Amended and Restated 2007 Equity Incentive Plan Form of Notice of Grant and Terms and Conditions for Restricted Stock Unit grants (incorporated by reference to Exhibit 10.13(a) to the Company's Annual Report on Form 10-K for the year ended December 31, 2020 (File No.
+Added: 10.13 Southwest Airlines Co.
+Added: Amended and Restated 2007 Equity Incentive Plan Form of Notice of Grant and Terms and Conditions for Performance-Based Restricted Stock Unit grants (incorporated by reference to Exhibit 10.20(a) to the Company's Annual Report on Form 10-K for the year ended December 31, 2020 (File No.
+Added: 10.14 Southwest Airlines Co.
+Added: Amended and Restated 2007 Equity Incentive Plan Form of Notice and Grant and Terms and Conditions for Performance-Based Restricted Stock Unit grants associated with Southwest Even Better Awards.
+Added: 10.15 Form of Performance-Based Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.27 to the Company's Annual Report on Form 10-K for the year ended December 31, 2020 (File No.
+Added: 10.16 Form of Restricted Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (File No.
+Added: 10.17 Form of Career Investment Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.33 to the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (File No.
10.18 $1,000,000,000 Revolving Credit Facility Agreement among the Company, the Banks party thereto, Barclays Bank PLC, as Syndication Agent, Bank of America, N.A., BNP Paribas, Goldman Sachs Bank USA, Morgan Stanley Senior Funding, Inc., U.S.
57 unchanged sentences
22 (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (File No.
−Removed: 10.18(a) Supplemental Agreement No.
−Removed: 23 to Purchase Agreement No.
+Added: Supplemental Agreement No.
+Added: 23 (incorporated by reference to Exhibit 10.18(a) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 (File No.
+Added: Supplemental Agreement No.
+Added: 24 (incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 (File No.
+Added: 10.24(a) Supplemental Letter Agreement No.
+Added: 03729-LA-2504996 to Purchase Agreement No.
3729, dated December 13, 2011, between The Boeing Company and the Company.
−Removed: 10.19 Southwest Airlines Co.
−Removed: Senior Executive Short Term Incentive Plan (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 8-K filed January 30, 2013 (File No.
−Removed: 10.20 Southwest Airlines Co.
−Removed: Deferred Compensation Plan for Senior Leadership and Non-Employee Members of the Southwest Airlines Co.
−Removed: Board of Directors (as amended and restated, effective as of January 1, 2018) (incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2017 (File No.
−Removed: 10.21 Southwest Airlines Co.
−Removed: Amended and Restated 2007 Equity Incentive Plan Form of Notice of Grant and Terms and Conditions for Performance-Based Restricted Stock Unit grants (incorporated by reference to Exhibit 10.20(a) to the Company's Annual Report on Form 10-K for the year ended December 31, 2020 (File No.
10.25 Payroll Support Program Agreement by and between Southwest Airlines Co.
and the United States Department of the Treasury, dated April 20, 2020 (incorporated by reference to Exhibit 10.4 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (File No.
−Removed: 10.23 Promissory Note, from Southwest Airlines Co.
−Removed: to the United States Department of the Treasury, dated April 20, 2020 (incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2020 (File No.
10.26 Payroll Support Program Extension Agreement by and between Southwest Airlines Co.
and the United States Department of the Treasury, dated January 15, 2021 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed January 15, 2021 (File No.
−Removed: 10.25 Promissory Note, from Southwest Airlines Co.
−Removed: to the United States Department of the Treasury, dated January 15, 2021 (incorporated by reference to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed January 15, 2021 (File No.
−Removed: 10.26 Form of Performance-Based Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.27 to the Company's Annual Report on Form 10-K for the year ended December 31, 2020 (File No.
10.27 Payroll Support Program 3 Agreement by and between Southwest Airlines Co.
2 unchanged sentences
to the United States Department of the Treasury, dated April 23, 2021 (incorporated by reference to Exhibit 10.6 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 (File No.
−Removed: 10.29 Form of Restricted Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.1 to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (File No.
−Removed: 10.30 Form of Career Investment Cash Award and Terms and Conditions (incorporated by reference to Exhibit 10.33 to the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (File No.
10.29 Cooperation Agreement, by and among the Company and Elliott Investment Management L.P., Elliott Associates, L.P., Elliott International, L.P.
and The Liverpool Limited Partnership, dated as of October 23, 2024 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed October 24, 2024 (File No.
+Added: 10.29(a) Amendment to Cooperation Agreement, by and among the Company and Elliott Investment Management L.P., Elliott Associates, L.P., Elliott International, L.P.
+Added: and The Liverpool Limited Partnership, dated as of February 19, 2025 (incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed February 19, 2025 (File No.
19.1 Insider Trading Policy and Blackout Procedures.
22 unchanged sentences
SOUTHWEST AIRLINES CO.
−Removed: February 7, 2025 By /s/ Tammy Romo
+Added: February 5, 2026 By /s/ Tom Doxey
Executive Vice President & Chief Financial Officer
(On behalf of the Registrant and in
−Removed: her capacity as Principal Financial
−Removed: & Accounting Officer)
+Added: his capacity as Principal Financial Officer)
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on February 5, 2026, on behalf of the registrant and in the capacities indicated.
3 unchanged sentences
(Principal Executive Officer)
−Removed: /s/ TAMMY ROMO Executive Vice President & Chief Financial Officer (Principal Financial & Accounting Officer)
−Removed: /s/ RAKESH GANGWAL Chair of the Board
−Removed: Rakesh Gangwal
+Added: /s/ TOM DOXEY Executive Vice President & Chief Financial Officer (Principal Financial Officer)
+Added: RYAN MARTINEZ Senior Vice President Finance & Principal Accounting Officer (Principal Accounting Officer)
+Added: Ryan Martinez
+Added: /s/ DOUGLAS H.
+Added: BROOKS Chair of the Board
ATHERTON Director
1 unchanged sentence
BREBER Director
−Removed: /s/ DOUGLAS H.
−Removed: BROOKS Director
−Removed: /s/ EDUARDO F.
−Removed: CONRADO Director
DAVID CUSH Director
−Removed: /s/ SARAH FEINBERG Director
−Removed: Sarah Feinberg
+Added: FEINBERG Director
/s/ ROBERT L.
FORNARO Director
+Added: /s/ RAKESH GANGWAL Director
+Added: Rakesh Gangwal
GRISSEN Director
HESS Director
−Removed: /s/ ELAINE MENDOZA Director
−Removed: Elaine Mendoza
/s/ CHRISTOPHER P.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.