Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

May 11, 1995

Documents

Published on May 11, 1995




EXHIBIT (11)
Page 1 of 2

Southwest Airlines Company
Computation of Earnings Per Share
For the Three Months Ended March 31, 1995



Fully
Primary Diluted

Weighted average shares outstanding 146,367,603 143,367,603

Shares issuable upon exercise of
outstanding stock options
(treasury stock method) 3,164,628 3,164,628

Weighted average common and common
equivalent shares 146,532,231 146,532,231


Earnings for per share computations $11,826,000 $11,826,000

Earnings per common and common
equivalent share $0.08 $0.08





EXHIBIT (11)
Page 2 of 2

Southwest Airlines Company
Computation of Earnings Per Share
For the Three Months Ended March 31, 1994



Fully
Primary Diluted

Weighted average shares outstanding 142,858,363 142,858,363

Shares issuable upon exercise of
outstanding stock options
(treasury stock method) 4,741,909 4,743,379

Weighted average common and common
equivalent shares 147,600,272 147,601,742


Earnings for per share computations $41,847,000 $41,847,000

Earnings per common and common
equivalent share $0.28 $0.28