I can't believe this. My SWA Account shows I hit the 110,000 Points in early JAN 2014 which would earn me Companion Pass for 2014 & 2015. I sent SWA a nice sweet message & they responded with the following (bold face mine). As Dan says, this is a hugely valuable benefit as your companion can travel free even if you're traveling on points! I can't believe it. Anyone experience this before & what method did you use to prevail?
Thank you for your inquiry. To earn a Companion Pass, a Member must fly 100 qualifying one-way flights or earn 110,000 Qualifying Points in one calendar year. Once you earn a Companion Pass, you can designate whomever you like as your Companion, and he/she can travel along with you for free (taxes and fees are still required) for the remainder of the calendar year in which you qualified and the entire calendar year immediately following the year in which you qualified. With that being said, we show you earned 110,356 points by December 31, 2013. That earned you a Companion Pass for January 1, 2014 to December 31, 2014. So the points you have earned so far for 2014 will go towards 2015.