Oil under $50 - Buy the Airline Stocks (JBLU, DAL)
Stockmasters Staff (December 2nd, 2008) Writes:
OPEC is scared, oil keeps dropping, and there's only one thing to buy besides the DUG. The Airline Stocks. Yes, the horrible never-hit-a-profit Airline sector but have to stay in business. Its time to Fly and Buy!
Delta Airline President Ed Bastian said today his airline could see a $5 billion benefit in 2009 if oil prices stay near $50.
Gitty up.
However, Airlines are also posting their monthly results this week, and thus far it's shaping up to be another period of weakness. Come on, our economy sucks, but the low oil prices are going to ...
Tags for this Post:
Airline, Alaska Air Group Inc, AMR Corporation, Delta Air Lines Inc, Delta Airline;, Ed Bastian;, ExpressJet Holdings Inc;, Hawaiian Holdings Inc., low oil prices, Market Commentary, Oil, Organization Of Petroleum Exporting Countries, Pinnacle Airlines Corp;, recent oil prices;, Skywest Inc., UAL Corporation, Us Airways Group Inc, USD
Airline, Alaska Air Group Inc, AMR Corporation, Delta Air Lines Inc, Delta Airline;, Ed Bastian;, ExpressJet Holdings Inc;, Hawaiian Holdings Inc., low oil prices, Market Commentary, Oil, Organization Of Petroleum Exporting Countries, Pinnacle Airlines Corp;, recent oil prices;, Skywest Inc., UAL Corporation, Us Airways Group Inc, USD


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The market knows from experience that infrastructure problems can emerge long after a hurricane strikes; early reports following Katrina's landfall in 2005 erroneously said the flooding in New Orleans was not going to be problematic. Stocks fell in overseas trading Monday after crude fell below $111 a barrel in electronic trading on the New York Mercantile Exchange, and their declines will weigh on the Dow Jones industrials and other indexes.
First place to look, the 