Forty years ago, Southwest Airlines made its debut as a small airline in Dallas, Texas, struggling to keep pace in the business. Today, Southwest is the top domestic carrier in the United States. But on the way to becoming the travel bellwether it is now, Southwest has been met with plenty of tension and turbulence.
Even in the face of an ongoing debt crisis, Europe is still an attractive investment opportunity, David Mussafer, co-chairman of Advent International Company, a global private equity firm, told CNBC Wednesday.
Despite extreme turmoil in the credit markets abroad -- first in Greece and now in Portugal -- the U.S. leveraged loan market has been "holding up pretty well," Mark Okada, co-founder and CIO of Highland Capital, told CNBC Wednesday.
Though rating agencies have warned that they would cut Greece's credit rating to default levels if a Greek rollover debt occurred, this would not trigger any credit default swap payout, David Geen, general counsel of the International Swaps and Defaults Association, told CNBC Tuesday.