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3 Airline Stocks To Trade On Weak Oil Prices

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Some of CNBC's "Fast Money" traders shared three stocks in the airline industry to trade on weak oil.

2015 was a great year for many airlines like Southwest Airlines Co (NYSE: LUV), Delta Air Lines, Inc. (NYSE: DAL) and JetBlue Airways Corporation (NASDAQ: JBLU), among others. These stocks managed to comfortably beat the broader market, mainly on the back of lower oil prices which have a big impact on their cost structures.

JetBlue

The first idea that the Fast Money traders provided was JetBlue. According to Guy Adami, the company has “the most ability to go higher in terms of their stock price.” Even though shares gained more than 47 percent over the year, "there's still a lot of leverage to be pulled there."

United Continental

Karen Finerman said that, after such a spike, airline stocks "can only go down."

Dan Nathan seemed to agree with this idea, and cited the example of United Continental Holdings Inc (NYSE: UAL), which lost almost 13 percent over 2015. It seems like airlines hit a peak, he said.

Spirit Airlines

David Seaburg took a look into Spirit Airlines Incorporated (NASDAQ: SAVE), which plummeted more than 44 percent over the year, and named it as "the No. 1 pick" in the space.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

 

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