Southwest Airlines finishes strong Q3 with $13.7bn in cash

Southwest Airlines ended the third quarter of 2022 with $13.7 billion in cash and short-term investments and a fully available revolving credit line of $1.0 billion. The airline recorded a net income of $277 with operating revenue of $6.2, a steady 10.3% increase over Q3 of 2019, and liquidity of $14.7bn, well in excess of its debt outstanding of 8.7bn. Bob Jordan, Chief Executive Officer, said:  “We are pleased to report solid third quarter 2022 profits and record third quarter operating revenues. Following record summer leisure travel demand, revenue trends remained strong in September 2022, bolstered by improving business travel trends post-Labor Day. Leisure