Yahoo! Services

Make Y! My Home Page

Account Options

New User? Sign Up Sign In Help

Yahoo! Search

1 Vote

Avatar for Jennifer O

First Buzzed By: Jennifer O

Southwest battens down the hatches, picks up an extra $600 million

Submitted: May 12, 2008 - Southwest Airlines disclosed late Monday afternoon that it borrowed $600 million Friday by mortgaging 21 of its Boeing 737-700s.

The disclosure and a spokeswoman said it would be for general corporate purposes.

Southwest already had $3.12 billion in cash and short-term investments as of March 31 and probably the best liquidity of any big U.S. carrier. So perhaps we should worry when Noah begins…

» Full Story on The Dallas Morning News