Southwest Airlines reports first quarter results

Southwest Airlines reported a first quarter 2009 net loss of $91 million compared to net income of $34 million for first quarter 2008. First quarter 2009 results included special charges totaling $71 million (net), relating to non-cash, mark-to-market and other items associated with a portion of the Company’s fuel hedge portfolio. Refer to the reconciliation in the accompanying tables for further information regarding special items.