Material Agreement Form 8 K

On October 25, 2024, Southwest Airlines Co. (the "Company") and Equiniti Trust Company, LLC (the "Rights Agent") entered into the Amendment to the Rights Agreement (the "Amendment"), which amended the Rights Agreement, dated as of July 2, 2024, by and between the Company and the Rights Agent (the "Rights Agreement").

The Amendment terminated the Rights Agreement by advancing the expiration time of the Company's common stock purchase rights (collectively, the "Rights") to 5:00 P.M., New York City time, on October 25, 2024. At the time of the termination of the Rights Agreement, all of the Rights, which were previously distributed to holders of the Company's issued and outstanding common stock, par value $1.00, pursuant to the Rights Agreement, expired.

The Amendment is attached hereto as Exhibit 4.2 and is incorporated herein by reference. The description of the Amendment herein does not purport to be complete and is qualified in its entirety by reference to Exhibit 4.2.