SOUTHWEST AIRLINES PROJECT REPORT

		Growth	Price-Recovery	Productivity
	2017	Components	Components	Components	2016
Revenues (driver = RPM)	$ 21,171,000,000	$ 694,499,505	$ 51,500,495	?	$ 20,425,000,000
Personnel-Related (driver = EEs)	$ 7,319,000,000	$ 231,148,476	$ 191,545,752	$ 98,305,772	$ 6,798,000,000
Trip-Related (driver = Trips)	$ 5,232,000,000	$ 165,183,774	$ 239,241,261	$ (30,425,035)	$ 4,858,000,000
Aircraft-Related (driver = Seats)	$ 2,417,000,000	$ 84,836,047	$ (64,164,469)	$ (98,671,578)	$ 2,495,000,000
Other (driver = Seats)	$ 2,688,000,000	$ 85,482,093	$ 198,252,785	$ (109,734,879)	$ 2,514,000,000
Operating Income	$ 3,515,000,000	$ 127,849,113	$ (513,374,833)	$ 140,525,720	$ 3,760,000,000
		Growth	Price-Recovery	Productivity
	2016	Components	Components	Components	2015
Revenues (driver = RPM)	$ 20,425,000,000	$ 1,231,052,168	$ (626,052,168)	?	$ 19,820,000,000
Personnel-Related (driver = EEs)	$ 6,798,000,000	$ 396,458,425	$ (92,352,565)	$ 110,894,140	$ 6,383,000,000
Trip-Related (driver = Trips)	$ 4,858,000,000	$ 297,017,733	$ (91,609,357)	$ (129,408,376)	$ 4,782,000,000
Aircraft-Related (driver = Seats)	$ 2,495,000,000	$ 140,248,022	$ 145,007,345	$ (48,255,367)	$ 2,258,000,000
Other (driver = Seats)	$ 2,514,000,000	$ 141,676,589	$ 139,946,253	$ (48,622,842)	$ 2,281,000,000
Operating Income	$ 3,760,000,000	$ 255,651,399	$ (727,043,844)	$ 115,392,446	$ 4,116,000,000
		Growth	Price-Recovery	Productivity
	2015	Components	Components	Components	2014
Revenues (driver = RPM)	$ 19,820,000,000	$ 1,629,947,541	$ (414,947,541)	?	$ 18,605,000,000
Personnel-Related (driver = EEs)	$ 6,383,000,000	$ 476,062,077	$ 569,401,227	$ (96,463,304)	$ 5,434,000,000
Trip-Related (driver = Trips)	$ 4,782,000,000	$ 561,041,873	$ (1,812,754,496)	$ (370,287,377)	$ 6,404,000,000
Aircraft-Related (driver = Seats)	$ 2,258,000,000	$ 193,701,371	$ (96,593,543)	$ (50,107,829)	$ 2,211,000,000
Other (driver = Seats)	$ 2,281,000,000	$ 204,214,336	$ (203,596,109)	$ (50,618,227)	$ 2,331,000,000
Operating Income	$ 4,116,000,000	$ 194,927,884	$ 1,128,595,380	$ 567,476,737	$ 2,225,000,000
		Growth	Price-Recovery	Productivity
	2014	Components	Components	Components	2013
Revenues (driver = RPM)	$ 18,605,000,000	$ 625,355,626	$ 280,644,374	?	$ 17,699,000,000
Personnel-Related (driver = EEs)	$ 5,434,000,000	$ 177,900,762	$ 182,480,240	$ 38,618,998	$ 5,035,000,000
Trip-Related (driver = Trips)	$ 6,404,000,000	$ 242,595,160	$ (175,813,823)	$ (528,781,337)	$ 6,866,000,000
Aircraft-Related (driver = Seats)	$ 2,211,000,000	$ 81,548,154	$ (110,519,911)	$ (68,028,243)	$ 2,308,000,000
Other (driver = Seats)	$ 2,331,000,000	$ 78,156,203	$ 112,564,210	$ (71,720,414)	$ 2,212,000,000
Operating Income	$ 2,225,000,000	$ 45,155,347	$ 271,933,658	$ 629,910,995	$ 1,278,000,000
		Growth	Price-Recovery	Productivity
	2017	Components	Components	Components	2013
Revenues (driver = RPM)	$ 21,171,000,000	$ 4,188,332,435	$ (716,332,435)	?	$ 17,699,000,000
Personnel-Related (driver = EEs)	$ 7,319,000,000	$ 1,191,494,085	$ 932,510,936	$ 159,994,979	$ 5,035,000,000
Trip-Related (driver = Trips)	$ 5,232,000,000	$ 1,624,786,174	$ (2,189,197,844)	$ (1,069,588,330)	$ 6,866,000,000
Aircraft-Related (driver = Seats)	$ 2,417,000,000	$ 546,170,476	$ (152,287,818)	$ (284,882,658)	$ 2,308,000,000
Other (driver = Seats)	$ 2,688,000,000	$ 523,452,813	$ 269,371,591	$ (316,824,405)	$ 2,212,000,000
Operating Income	$ 3,515,000,000	$ 302,428,886	$ 423,270,700	$ 1,511,300,414	$ 1,278,000,000

Revenue Reconciliation 2013 to 2017:

Revenue Effect of Growth: _________________________.

Revenue Effect of Price Recovery: _________________________.

Expense Reconciliations 2013 to 2017:

Personnel-Related Expenses (Driver = Employees):

Cost Effect of Growth: _________________________.

Cost Effect of Price Recovery: _________________________.

Cost Effect of Productivity: _________________________.

Trip-Related Expenses (Driver = Trips):

Cost Effect of Growth: _________________________.

Cost Effect of Price Recovery: _________________________.

Cost Effect of Productivity: _________________________.

Fixed Costs Aircraft-Related Expenses (Driver = Aircraft Seats):

Cost Effect of Growth: _________________________.

Cost Effect of Price Recovery: _________________________.

Cost Effect of Productivity: _________________________.

Fixed Costs Other Expenses (Driver = Aircraft Seats):

Cost Effect of Growth: _________________________.

Cost Effect of Price Recovery: _________________________.

Cost Effect of Productivity: _________________________.

Operating Income Reconciliation (aggregated over revenue and expense components) 2013 to 2017:

Operating income - 2013: _________________________.

Aggregate Effect of Growth: _________________________.

Aggregate Effect of Price Recovery: _________________________.

Aggregate Effect of Productivity: _________________________.

Operating income - 2017: _________________________.