My earlier post produced a couple of notes to me from readers and I have to admit —  the story here may not be the fact that Southwest is pulling some of its leverage levers to increase its cash balance in the bank.

The story is ….why.

The airline has a $500 million credit line. (Or is it $600 million?) One of the two.

And it had $3.1 billion, give or take, at the end of the first quarter.

So the question has to be …why would they take on the “cost” to borrow another $600 million and mortgage 21 aircraft  if the airline has roughly $3.1 billion in the bank?

Is Southwest getting ready to buy something? Or someone?

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