Southwest's Annual Report arrived this week, and as usual there are all kinds of interesting tid-bits about America's best run airline: - If you bought $10,000 worth of LUV stock when they started in 1972, it would be worth $10.2 million dollars today! - Southwest finished the year with $1.8 billion dollars in unrestricted cash! - 75% of the LUV fleet is owned..not leased! - Almost a third of the fleet is composed of Boeing 737NG's! - The 737-200s will be phased out in three years or less! - Almost 50% of LUV's ticket sales are made on their web site! - Herb Kelleher owns 8.2 million shares of LUV! - June Morris (remember Morris Air?) owns more than 3x the stock as LUV COO Colleen Barrett! - While the Wright Amendment allows big jets to fly to seven states from Dallas Love Field, LUV flies to only five! - And the award for the most convoluted sentence in this year's Annual Report goes to this gem: "...If, beyond the planned 4 to 5 per cent increase, serendipitous opportunities for profitable seat mile expansion should present themselves, we believe that we are also better prepared to take advantage of such a positive eventuality than any other major U.S. airline." Like I've always said...Serendipity always seems to rule at LUV! RT Simpson Phoenix