The Law Office of Robbins Umeda LLP announces an investigation of the acquisition of AirTran

If the transaction is completed, AirTran shareholders will receive at least $3.75 in cash and 0.321 shares of Southwest common stock for each share of AirTran common stock they hold, for an implied value of approximately $7.69 per share. The merger consideration is based on the average trading price of Southwest stock for a twenty-day trading period up to and including three trading days prior to the closing of the merger, and is not to exceed a value of $7.75. The transaction is expected to close by the first half of 2011.

Robbins Umeda LLP's investigation concerns whether the Board of Directors of AirTran undertook a fair process to obtain fair consideration for all shareholders of AirTran. Specifically, our investigation concerns whether the Company's Board of Directors breached their fiduciary duties to AirTran shareholders by failing to adequately shop the Company before entering into the transaction with Southwest. Notably, at least one analyst has set a price target for AirTran of $9.00 per share. Further, AirTran recently reported revenues of $701 million for the second quarter of 2010, a 16.1% increase over its revenues for the same period last year.

If you are a shareholder of AirTran, plan to continue to hold your shares, and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.