Southwest's balance sheet remains strong. The airline ended the quarter with $1.9 billion in cash and an available unsecured credit line of $575 million.
Seems they are scared. Also, are they not Fuel Hedged until 2007 at some very low prices?
The pain isn't equally shared, however. Southwest Airlines (LUV: news, chart, profile) , which is "buy" rated by Merrill, has 85 percent of its fuel hedged at $26 a barrel.
Seems they are scared. Also, are they not Fuel Hedged until 2007 at some very low prices?
The pain isn't equally shared, however. Southwest Airlines (LUV: news, chart, profile) , which is "buy" rated by Merrill, has 85 percent of its fuel hedged at $26 a barrel.
