On August 5, 2024, Elliott Management Corporation announced that it would continue to seek to engage in a dialogue with Southwest Airlines Co.?s Board and/or management about the matters set forth in the Board Letters and other strategic opportunities to maximize shareholder value. Elliott Management Corporation stated that it may also seek to communicate with shareholders and other third parties about such matters. In particular, Elliott Management Corporation has identified and had discussions with a number of qualified former airline executives, industry leaders and other qualified persons with relevant experience who are eager to serve on the Board and intends to provide shareholders with an opportunity to elect new qualified Board members, whether by requesting that the Company call a special meeting of shareholders or at an annual meeting of shareholders.