Southwest Airlines Reports Fourth Quarter Profit And Full Year Results – Southwest Airlines (southwestairlinesinvestorrelations.com)
On it's most recent quarter, Southwest lists current assets at $18B, with $12.5B in cash/cash equivalents.
It also lists its current debts as $9.2B, and it's long term debt minus current maturities as $10.2B.

The interest on that long term debt of $10.2B comes with a $450M payment per quarter, up from $220M a year earlier. So the statement of paying off "all debt" isn't true.

I know the company says they have $15.5B in cash on hand, and $10.7B in liabilities, with a $4.8B net positive cash position. But pretty sure it's a spin job to a certain extent. TECHNICALLY, they can't pay off their long term debt with the cash they have on hand.

Of note, long term debt at the end of 2019 was ~$1.8B, and cash on hand was ~$4B. That cash on hand grew by $10B when they took out $10B in long term debt during the spring of 2020.

1Q 2020
"As of March 31, 2020, the Company had approximately $5.5 billion in cash and short-term investments, including proceeds of $500 million of unsecured notes due 2030, issued February 10, 2020; $1.0 billion from a 364-day secured term loan, entered into March 12, 2020; and $1.0 billion drawn from the Company's revolving credit facility on March 16, 2020, which was subsequently secured. On March 30, 2020, the Company renegotiated its $1.0 billion 364-day term loan to add additional funds of approximately $2.3 billion, which were received on April 1, 2020. On April 24, 2020, the Company received another $350 million in funds pursuant to its approximately $417 million accordion provision as part of the 364-day term loan agreement. Since the beginning of 2020, the Company has bolstered cash on hand by $6.8 billion as of April 24, 2020, including $1.6 billion of PSP proceeds, with the remaining $1.6 billion of PSP proceeds expected to be received by July 2020."
2Q 2020
"As of June 30, 2020, the Company had approximately $14.5 billion in cash and short-term investments, and a fully available revolving credit facility of $1.0 billion. Since the Company's previous update of cash and short-term investments of approximately $13.9 billion as of June 17, 2020, the Company received its third disbursement of PSP proceeds in the amount of $652 million. The remaining $326 million of PSP proceeds is expected to be received by the end of this month. Since the beginning of 2020, the Company has raised cash of approximately $17.3 billion, net of fees, including $12.2 billion in financings and sale-leaseback transactions, $2.2 billion through a common stock offering, and $2.9 billion of PSP proceeds. The Company currently has unencumbered assets worth approximately $12 billion, including approximately $10 billion in aircraft. As of June 30, 2020, the Company was in a net cash position5 of $4.9 billion, and its adjusted debt6 to average invested capital (leverage) was 49 percent."

Second, out of genuine curiosity, i've tried finding it. Can you give me a link on the fuel hedging?