Supply from Valero is expected to deliver the highest volume of SAF announced to date in Illinois

DALLAS, Oct. 17, 2024 /PRNewswire/ -- Southwest Airlines Co. (NYSE:LUV) today announced a sustainable aviation fuel (SAF) supply agreement with Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to bring SAF to Chicago Midway International Airport (MDW) in the state's largest announced SAF supply agreement.

As part of the two-year agreement, Southwest will purchase a minimum of 3.6 million gallons of neat SAF (about 12 million gallons blended) for use in its operations as early as Q4 2024, with the option to purchase up to 25 million gallons of neat SAF (about 84 million gallons blended) over the agreement's term. On a blended basis, this would represent up to 35% of Southwest's jet fuel out of MDW based on the carrier's usage in the last year.