It was tempting a few weeks ago when I bought at $33. It is still tempting but I think it could have some wild swings in the next year. SWA has by far the best balance sheet of of the large airlines. Of course, most of the competition has been through Chapter 11 at least once and I wouldn’t be shocked if a few of them — AA for one — go through it again. In addition to a solid balance sheet, SWA doesn’t have the boat anchor of international flights to drag it down.
Buffett dumped all airlines, for what that’s worth.