Southwest Airlines compensation policy for flight delays or cancellations often involves providing passengers with travel funds or vouchers rather than monetary compensation. The specific compensation may vary based on the circumstances, and Southwest is known for its flexibility and customer-friendly approach. Passengers affected by delays or cancellations are typically offered rebooking options and may receive compensation in the form of travel credits for future flights. For the most accurate and up-to-date information, it is advisable to check Southwest Airlines' official website or contact their customer service directly.