SOUTHWEST AIRLINES ANNOUNCES REALIGNMENT OF BOARD SIZE

Core Viewpoint - Southwest Airlines is undergoing a board realignment, reducing its board size from 13 to 11 members following the departure of Directors David Cush and Gregg Saretsky, effective February 23, 2026. This change is part of the company's ongoing transformation and positioning for long-term success [1]. Group 1: Board Changes - Directors David Cush and Gregg Saretsky are stepping down from the Board, effective February 23, 2026 [1]. - The Board will reduce its size from 13 to 11 members in connection with these departures [1]. Group 2: Company Overview - Southwest Airlines operates one of the most admired airlines globally, serving 118 airports across 11 countries [1]. - The airline aims to provide friendly, reliable, and low-cost air travel, having carried more air travelers flying nonstop within the U.S. than any other airline [1]. - As of December 31, 2025, the company employs over 72,000 full-time equivalent active employees [1]. - In 2025, Southwest Airlines served over 134 million customers, reflecting its commitment to community and customer service [1].