Why are Southwest Airlines shares just jumping



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<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What happened"data-reactid =" 11 ">What happened

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Southwest Airlines (NYSE: LUV) stock is – what else? – taking off today on a pair of news, one confirmed and the other not much. "data-reactid =" 12 ">Southwest Airlines (NYSE: LUV) stock is – what else? – Take off today on a pair of news, one confirmed and the other less.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "What is confirmed is that yesterday, after the close of trading, it was announced that the Federal Aviation Administration had officially authorized the Southwest to begin transporting passengers between the west coast and Hawaii. Southwest was looking for this authorization already exists and should probably be – but now it is official. "data-reactid =" 13 "> What is confirmed, it is that yesterday, after the closing of the markets, it was announced that the Federal Aviation Administration had officially authorized Southwest to start carrying We knew that Southwest was already looking for this authorization and probably would, but it is now official.

<p class = "canvas-atom-text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "And unconfirmed: Bloomberg apparently reported that Warren had Buffett Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) plans to acquire Southwest in its entirety. "data-reactid =" 14 "> And unconfirmed: Bloomberg apparently reports that Warren Buffett's Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) plans to acquire Southwest in its entirety.

Compass pointing to the north.

The takeover interest rumors have southwestern shares pointing to the north today. Source of the image: Getty Images.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "So what"data-reactid =" 27 ">So what

If you ask me, although the news in Hawaii is the most important for Southwest business, it is the rumor of Buffett that is more likely to move the stock. Bloomberg noted that @StockTradersNET had tweeted this last rumor earlier in the day, offering a $ 75 buy price that Buffett could pay to acquire Southwest. This price, nearly $ 20 more than the price today from the southwest, was to attract attention.

For the record, Southwest's answer is:

There have been rumors that Warren Buffett may be looking to buy an airline for some time and that Southwest may be suitable. In general, we do not comment on speculation, but appreciate Berkshire's continued support for Southwest Airlines.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Now what"data-reactid =" 32 ">Now what

<p class = "canvas-atom web-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "As the denunciations non-disparaging go, it seems rather propitious Southwest does not say that the rumor is true, but he seems to be very happy not to say that the rumor is UNtrue, be it. "data-reactid =" 33 "> Sounds good enough, Southwest does not say that the rumor is true, but it seems very happy not to say that the rumor is UNtrue either.

One could even call the company's answer … encouraging.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from The Motley Fool "data-reactid =" 35 "> More from The Motley Fool

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Rich Smith has no position in the mentioned actions. The Motley Fool owns shares and recommends Berkshire Hathaway (B shares) and Southwest Airlines. The Motley Fool has a disclosure policy."data-reactid =" 43 ">Rich Smith has no position in any of the actions mentioned. The Motley Fool owns shares and recommends Berkshire Hathaway (B shares) and Southwest Airlines. Motley Fool has a disclosure policy.

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