Southwest Airlines Receives SEAL Award for Sustainability Innovation and Focus on Sustainable Aviation Fuels

Recognizing airlines for their leadership in investing in sustainability and sustainable aviation fuel projects

DALLAS, May 30, 2023 /PRNewswire/ — Southwest Airlines (NYSE:LUV) named 2023 Sustainability, Environmental Achievement and Leadership (SEAL) Business Awards for Environmental Initiatives for investment in SAFFiRE Renewables was selected as the winner of LLC (SAFFiRE1) is a pilot project supporting the development and production of sustainable aviation fuel (SAF). The SEAL Awards honor and recognize individual programs and initiatives that advance environmental progress and demonstrate leadership towards a sustainable future.

Helen Giles, Director of Environmental Sustainability, Southwest Airlines, said, “For Southwest Airlines, SAF is the most important tool we need to reach our climate goals. That’s why we support initiatives like SAFFiRE. there is,” he said. “In a hard-to-reduce sector like aviation, we need all the tools available to drive meaningful progress on environmental sustainability. We are grateful to be recognized at the Awards.”

The spotlight on SAFSAF will help Southwest Airlines’ environmental sustainability plans and pathways to reach net zero carbon emissions by 2050, and Southwest Airlines has signed multiple offtake agreements and memorandums of understanding with SAF producers. Announced. The company has set a goal of replacing 10% of total jet fuel consumption with SAF by 2030.

In June 2022, Southwest announced an investment in SAFFiRE, a company founded by D3MAX LLC as part of a Department of Energy (DOE)-backed project to develop and manufacture scalable SAFs. The project utilizes technology developed at the Department of Energy’s National Renewable Energy Laboratory (NREL) to convert corn stover, a widely available agricultural residue in the United States, into renewable ethanol, which is then upgraded to SAF. are expected to do so. According to NREL, this could lead to mass production of his SAF, which is cost-competitive.

Southwest Airlines also recently released its 2022 One Report highlighting its revamped climate strategy, which includes targets to reduce its carbon intensity by 25% by 2030 and 50% by 20352. The comprehensive report contains information on the airline’s sustainability goals and efforts and provides the following snapshots: A four-pillar strategy of reducing, replacing, offsetting and partnering. To read the 2022 One Report, please visit southwestonereport.com.

1 Sustainable Aviation Fuel [i] Renewable Ethanol2 Southwest carbon intensity reduction target compared to 2019 baseline on a revenue ton-kilometer basis [including Scope 1, Scope 2, and Scope 3 Category 3 emissions (upstream emissions of jet fuel)] Includes use of sustainable aviation fuel, but excludes use of carbon offsets.

Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain forward-looking statements include, but are not limited to, statements relating to: (i) our environmental sustainability and carbon emissions plans, expectations, targets and projections; (ii) our expectations regarding the scalability, cost competitiveness and technical feasibility of converting corn stover to renewable ethanol and subsequently upgrading to SAF; (iii) our plans and beliefs regarding the amount of SAF we may produce or use, including through 2030, and opportunities to expand beyond that; Forward-looking statements involve risks, uncertainties, assumptions and other factors that are difficult to predict and could cause actual results to differ materially from those indicated by or in the statements. Factors include, inter alia: (i) negative developments at every stage of his SAFFiRE business development, from current conception to commercialization, including limited availability of raw materials, transportation and refineries; You can (ii) continued government support for renewable fuels in general, including SAFFiRE’s goals and SAF; (iii) our reliance on third parties for the production, transportation, storage, blending and distribution of particularly sustainable aviation fuels, and the impact of delays or failures by third parties on our goals and plans; (iv) our ability to timely and effectively implement and maintain the processes necessary to support the use of sustainable aviation fuel; (v) the result of competition from other existing and new sources of aviation fuel, whether sustainable or not; (vi) the ability to obtain and protect intellectual property rights related to the development and commercialization of technologies that convert corn stover into renewable ethanol; (vii) Government regulations and other government actions, including carbon emissions, sustainable aviation fuel, sustainable aviation fuel tax credits, environmental compliance requirements, and other sustainability matters, affect our business plans and operations; impact. (viii) economic conditions, climate-related conditions and events, fuel prices, competitor behavior, demographic trends, consumer perceptions and other factors beyond our control may affect our business plans, expectations; and impact on goals. (ix) other factors set forth in our filings with the Securities and Exchange Commission; This includes the detailed factors discussed under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31. 2022. You should be careful not to place undue reliance on our forward-looking statements. These statements represent only our views as of the date of this release. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Southwest Airlines Inc. Southwest Airlines Inc. operates one of the world’s most admired and award-winning airlines, offering unique value and hospitality at 121 airports in 11 countries. Southwest Airlines began operations in 1971 with the goal of democratizing aviation through friendly, reliable, and low-cost air travel, and today serves more air travelers within the United States than any other airline. It operates on direct flights with3. Based in Dallas and renowned for its employee-first culture, Southwest maintains an unprecedented record of no involuntary furloughs or layoffs in its history. By enabling its approximately 70,0004 employees to provide unparalleled hospitality, this maverick airline will become a passionate loyal customer among her more than 126 million customers in 2022. I cherish That success formula has delivered industry-leading prosperity to Southwest Airlines shareholders and his 47th consecutive year of 5 profitability (NYSE: LUV). Southwest leverages its unique heritage and mission to serve communities around the world, leveraging the power of its people and purpose to put communities at the heart of its success. For more information, visit Southwest.com/citizenship. Southwest Airlines, an airline with a heart, has set a goal to work towards achieving net zero carbon emissions by 2050. Southwest Airlines also sets short-term goals and her four-pronged strategy to meet its environmental goals. For more information, visit Southwest.com/planet.

3 U.S. Department of Transportation Latest Report on Domestic Passenger Boardings 4 Full Time Equivalent Active Employees 51,973 Annual Profitability 2019

Source: Southwest Airlines Co., Ltd.

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