Ownership Submission
FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Jordan Robert E
2. Date of Event Requiring Statement (Month/Day/Year)
11/16/2006
3. Issuer Name and Ticker or Trading Symbol
SOUTHWEST AIRLINES CO [LUV]
(Last)
(First)
(Middle)
SOUTHWEST AIRLINES CO., 2702 LOVE FIELD DRIVE
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP Strategy,Procurement, Tec
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75235
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 3,438
I
ProfitSharing (1)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option (right to buy) 01/23/1998(3) 01/23/2008 Common Stock 48,600 (2) $ 7.87 D  
Option (right to buy) 01/22/2001 01/22/2009 Common Stock 482 (4) $ 11.72 D  
Option (right to buy) 01/22/2001 01/22/2009 Common Stock 3,269 (5) $ 11.72 D  
Option (right to buy) 01/19/2002 01/29/2010 Common Stock 2,120 (2) $ 10.35 D  
Option (right to buy) 01/19/2002 01/19/2010 Common Stock 3,380 (5) $ 10.35 D  
Option (right to buy) 12/31/2000 12/31/2010 Common Stock 734 (5) $ 22.8 D  
Option (right to buy) 02/15/2003 02/15/2011 Common Stock 487 (2) $ 21.3 D  
Option (right to buy) 02/15/2003 02/15/2011 Common Stock 5,513 (5) $ 21.3 D  
Option (right to buy) 06/19/2006(6) 06/19/2011 Common Stock 4,992 (2) $ 17.11 D  
Option (right to buy) 06/19/2004(7) 06/19/2011 Common Stock 1,508 (5) $ 17.11 D  
Option (right to buy) 01/01/2002 01/01/2012 Common Stock 734 (5) $ 18.73 D  
Option (right to buy) 01/18/2004 01/18/2012 Common Stock 6,600 (5) $ 17.78 D  
Option (right to buy) 01/23/2005 01/23/2013 Common Stock 7,098 (5) $ 13.19 D  
Option (right to buy) 01/23/2005 01/23/2013 Common Stock 162 (2) $ 13.19 D  
Option (right to buy) 01/23/2006 01/23/2014 Common Stock 8,605 (5) $ 15.51 D  
Option (right to buy) 01/23/2006 01/23/2014 Common Stock 195 (2) $ 15.51 D  
Option (right to buy) 01/20/2006(8) 01/20/2015 Common Stock 9,420 (5) $ 14.25 D  
Option (right to buy) 12/31/2005(9) 12/31/2015 Common Stock 20,000 (5) $ 16.43 D  
Option (right to buy) 12/31/2008 03/17/2016 Common Stock 4,826 (2) $ 17.53 D  
Option (right to buy) 12/31/2006(10) 03/17/2016 Common Stock 15,174 (5) $ 15.174 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Jordan Robert E
SOUTHWEST AIRLINES CO.
2702 LOVE FIELD DRIVE
DALLAS, TX 75235
      EVP Strategy,Procurement, Tec  

Signatures

On behalf of and attorney-in-fact for Robert E. Jordan /s/ Deborah Ackerman 11/20/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) These shares were acquired pursuant to Southwest Airlines Co. ProfitSharing Plan in a transcation exempt from Rule 16(a)-3(f)(1)(B). The information reported herein is based on a plan statement dated as of 12/31/2005.
(2) Options granted from 1996 ISO Plan
(3) Options are exercisable as follows: 36,720 currently exercisable and 11,880 on 1/23/2006
(4) Options granted from 1991 ISO Plan.
(5) Options granted from 1996 NQ Plan.
(6) Options are exercisable as follows: 1,612 currently exercisable and 380 on 6/19/2007, 900 on 6/19/2008, 1,000 on 6/19/2009, and 1,100 on 6/19/2010.
(7) Options are exercisable as follows: 1,088 currently exercisable and 420 on 6/19/2007.
(8) Options are exercisable as follows: 6,280 currently exercisable and 3,140 on 1/20/2007.
(9) Options are exercisable as follows: 6,667currently exercisable, 6,666 on 12/31/2006, and 6,667 on 12/31/2007.
(10) Options are exercisable as follows: 6,667 on 12/31/2006, 6,666 on 12/31/2007, and 1,841 on 12/31/2008.

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