NYSE:LUVAirlines
Southwest Term Loan Reshapes Liquidity And Fuel Cost Risk Profile
Southwest Airlines (NYSE:LUV) has arranged a new $500 million senior secured term loan facility.
The facility is intended to increase the airline’s liquidity and financial flexibility.
The move comes as the company faces higher fuel costs linked to ongoing geopolitical tensions in the Middle East.
Southwest Airlines, trading at $38.75, is taking a fresh look at its balance sheet as operating pressures build. The stock is up 24.6% over the past year, although it has seen a 24.7% decline over...