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| | Exhibit 5.1 |
February 10, 2020
Southwest Airlines Co.
2702 Love Field Drive
Dallas, Texas 75235
Re: 2.625% Notes due 2030
Dear Ladies and Gentlemen:
We have acted as counsel for Southwest Airlines Co., a Texas corporation (the “Company”), with respect to certain legal matters in connection with the registration by the Company under the Securities Act of 1933 (the “Securities Act”) of the offer and sale by the Company of $500,000,000principal amount of 2.625% Notes due 2030 (the “Notes”), pursuant to the Underwriting Agreement, dated February 5, 2020 (the “Underwriting Agreement”), among the Company and Barclays Capital Inc., Citigroup Global Markets Inc., and U.S. Bancorp Investments, Inc., for themselves and as representatives of the underwriters party thereto (the “Underwriters”).
The Notes have been offered for sale pursuant to a prospectus supplement, dated February 5, 2020, filed with the Securities and Exchange Commission (the “Commission”) pursuant to Rule 424(b) on February 6, 2020, to the prospectus, dated February 9, 2018 (as amended and supplemented by the prospectus supplement, the “Prospectus”), that constitutes a part of the Company’s Registration Statement on FormS-3 (RegistrationNo. 333-222963), filed with the Commission on February 9, 2018 (the “Registration Statement”), which Registration Statement became effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act. The Notes will be issued under an indenture, dated as of September 17, 2004, between the Company and Wells Fargo Bank, N.A., as trustee (in such capacity, the “Trustee”), as supplemented by that certain officers’ certificate of the Company, dated February 10, 2020, establishing the terms of the Notes (together, the “Indenture”).
We have examined originals or copies, certified or otherwise identified to our satisfaction, of (i) the Company’s Restated Certificate of Formation and the Second Amended and Restated Bylaws of the Company, (ii) certain resolutions adopted by the Board of Directors of the Company relating to the Registration Statement and related matters, (iii) certain resolutions adopted by the Pricing Committee of the Board of Directors of the Company relating to the issuance and sale of the Notes, (iv) the Registration Statement, (v) the Prospectus, (vi) the Indenture and (vii) such other certificates, instruments and documents as
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