Southwest Airlines CEO Calls Recession, Why Option Traders Jumped

Southwest Airlines Today During earnings season, airlines have cited some worries about lower future spending on travel, a typical reaction as consumers become more budget-conscious in the volatility and uncertainty currently present in the financial markets. The latest comments came from the CEO of Southwest Airlines Co. NYSE: LUV, who admitted that the entire industry is in recession already, but that was more of a strategic comment than a regretful one, it turns out. Confidence Remains in Southwest Airli ...