Southwest Implements Seabury’s Airline Performance Analysis System (APAS) for Flight Profitability Analysis

Southwest Implements Seabury’s Airline Performance Analysis System (APAS) for Flight Profitability Analysis

NEW YORK/DALLAS, May 21, 2009 — Seabury Solutions LLC and Southwest Airlines (NYSE: LUV) today announced that Southwest has implemented Seabury’s Airline Performance Analysis System (APAS), a decision-support tool that measures the operational and financial performance of individual flights.

The Seabury offering was selected after a competitive RFP and due diligence process by Southwest and implemented in 10 weeks from kickoff to production.

Southwest’s Network & Strategic Analysis department will use APAS to generate flight-by-date profitability reports based on a new and more-sophisticated allocation model developed during the implementation. This will enable Southwest to perform year-over-year and trend analysis using a consistent methodology. APAS also will allow Southwest to analyze proposed schedules and various “what-if” scenarios.

“After reviewing our alternatives, our team felt that APAS offered the best combination of functionality, technical architecture and value,” said Tammy Romo, Vice President, Financial Planning. “We wanted to implement the product and generate results very quickly, and through the combined efforts of the business users, Southwest IT and Seabury, we were able to accomplish our goals. We greatly appreciated the Seabury team’s willingness to take the actions necessary to meet our deadlines.”

“We are proud to add Southwest as a customer,” said Bijoy Mechery, Managing Director, Seabury Solutions LLC. “It was a pleasure to work with such a dedicated and knowledgeable team, both on the business and technical side, and we look forward to their input as we continue to invest in the application to ensure it remains the industry-leading solution.”

About Southwest Airlines

After nearly 38 years of service, Southwest Airlines continues to differentiate itself from other low fare carriers–offering a reliable product with exemplary Customer Service. Southwest Airlines is the most productive airline in the sky and offers Customers a comfortable traveling experience. Southwest recently updated its gate areas and improved its boarding procedure to make flying Southwest convenient and simple. And, best of all, Southwest Airlines is famous for No Hidden Fees! Southwest Airlines (NYSE: LUV) currently serves 65 cities in 33 states. Based in Dallas, Southwest currently operates more than 3,300 flights a day and has more than 35,000 Employees systemwide.http://www.southwest.com

About Seabury

Seabury Solutions LLC, a part of Seabury Capital, is a software development company focused on creating and delivering value-added solutions to the airline industry. The company’s flagship product, APAS, is used by some of the largest airlines in the world. Seabury Capital LLC is the largest investment banking and advisory practice serving aviation, aerospace, cargo and maritime. Through its 175 professionals based in 10 offices on four continents, Seabury provides advisory services spanning investment banking, restructuring/corporate recovery, management consulting, IT development, and advisory services covering human capital. Seabury has advised over 250 clients spanning Africa, Australia, Asia, Europe, the Middle East, and the Americas.

For more information, please visit:

http://www.seaburycapital.com

http://www.flightprof.com

Contact: Karen C. Cook
Director of Communications
kcook@seaburycapital.com
+1 212 475 8132

Contact: Beth Harbin
Southwest Airlines
+1 214 792 4847