<ARTICLE> 5
<RESTATED> 
<CIK> 0000092380
<NAME> SOUTHWEST AIRLINES CO.
<MULTIPLIER> 1,000
       
                                               
<PERIOD-TYPE>                     3-MOS          6-MOS            9-MOS
<FISCAL-YEAR-END>           DEC-31-1996     DEC-31-1996     DEC-31-1996
<PERIOD-START>               JAN-1-1996      JAN-1-1996      JAN-1-1996
<PERIOD-END>                MAR-31-1996     JUN-30-1996     SEP-30-1996
<CASH>                          324,680         478,285         594,030
<SECURITIES>                          0               0               0
<RECEIVABLES>                    97,473          98,963          84,299
<ALLOWANCES>                          0               0               0
<INVENTORY>                      47,940          49,857          52,397
<CURRENT-ASSETS>                502,960         664,553         773,954
<PP&E>                        3,916,963       4,006,272       3,995,105
<DEPRECIATION>                1,054,191       1,102,754       1,152,884
<TOTAL-ASSETS>                3,369,291       3,751,512       3,619,515
<CURRENT-LIABILITIES>           681,926         758,297         720,914
<BONDS>                               0               0               0
<PREFERRED-MANDATORY>                 0               0               0
<PREFERRED>                           0               0               0
<COMMON>                        144,574         144,790         144,985
<OTHER-SE>                    1,321,698       1,409,121       1,470,046
<TOTAL-LIABILITY-AND-EQUITY>  3,369,291       3,571,512       3,619,515
<SALES>                               0               0               0
<TOTAL-REVENUES>                772,529       1,682,837       2,574,329
<CGS>                                 0               0               0
<TOTAL-COSTS>                   715,136       1,483,238       2,271,795
<OTHER-EXPENSES>                      0               0               0
<LOSS-PROVISION>                      0               0               0
<INTEREST-EXPENSE>               14,902          29,924          44,642
<INCOME-PRETAX>                  54,771         194,760         295,005
<INCOME-TAX>                     21,771          76,443         115,828
<INCOME-CONTINUING>              33,000         118,317         179,177
<DISCONTINUED>                        0               0               0
<EXTRAORDINARY>                       0               0               0
<CHANGES>                             0               0               0
<NET-INCOME>                     33,000         118,317         179,177
<EPS-PRIMARY>                      0.15            0.55            0.83
<EPS-DILUTED>                      0.15            0.52            0.79
<FN>
On September 25, 1997, the Company's Board of Directors declared a
three-for-two stock split on the Company's Common Stock, distributed on
November 26, 1997.  All per share data in this exhibit have been restated to
give effect to the stock split.
</FN>