Exhibit 99.5

SOUTHWEST AIRLINES CO.
CONDENSED CONSOLIDATED STATEMENT OF INCOME (As adjusted--See Note)
(in millions except per share amounts)
(unaudited)
	Three months ended			Three months ended
	Sept. 30, 2005			Dec. 31, 2005
OPERATING REVENUES:
Passenger	$	1,912		$	1,906
Freight		32			35
Other		45			46
Total operating revenues		1,989			1,987
OPERATING EXPENSES:
Salaries, wages, and benefits		712			725
Fuel and oil		337			395
Maintenance materials and repairs		116			112
Aircraft rentals		36			42
Landing fees and other rentals		118			109
Depreciation and amortization		121			121
Other operating expenses		301			343
Total operating expenses		1,741			1,847
OPERATING INCOME		248			140
OTHER EXPENSES (INCOME):
Interest expense		32			32
Capitalized interest		(10	)		(11	)
Interest income		(13	)		(16	)
Other (gains) losses, net		(104	)		22
Total other expenses (income)		(95	)		27
INCOME BEFORE INCOME TAXES		343			113
PROVISION FOR INCOME TAXES		133			43
NET INCOME	$	210		$	70
NET INCOME PER SHARE:
Basic	$	.27		$	.09
Diluted	$	.26		$	.09
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic		789			797
Diluted		802			816
NOTE:
The Company's first and second quarter 2005 adjusted statements of income have been previously
published as part of the Company's first and second quarter 2006 earnings announcements. See our Form 10-Q
filings related to first and second quarter 2006 for further information.
The above statements of income for third and fourth quarter 2005, as retrospectively adjusted for the
Company's January 1, 2006 adoption of SFAS 123R and change in accounting for airframe maintenance, are
being provided for informational purposes only and have been included in this filing only to aid in the
assessment of the Company's prior year quarterly results as adjusted for the January 1, 2006 accounting changes.