By Wall St. Cheat Sheet
May 16 2011
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Oil (NYSE:USO) prices were giving airlines a very hard time. However, now fuel costs are doing the opposite.
This morning JP Morgan (NYSE:JPM) is upgrading JetBlue (NASDAQ:JBLU) and AMR Corporation (NYSE:AMR) because fuel costs are falling:
?Jet fuel prices have declined 30 cents a gallon from April 29, representing a potential annualized industry benefit approaching $3.5 billion (net of slightly softer revenue).?
We don?t care much about the specific companies analysts upgrade or downgrade because they have inherent conflicts of interests which can negatively impact retail investors. However, the general thesis is true and can be applied equally across the board to the entire airline sector.
The good news is spreading to the other airlines.?Delta Air Lines (NYSE:DAL) is up almost 1.5%, US Airways (NYSE:LCC) is up 2.1%,?United Continental (NYSE:UAL) is up 1.7%, and?Southwest Airlines (NYSE:LUV) is up 0.7% and?Alaska Air (NYSE:ALK) is up 0.3%.
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Source: http://wallstcheatsheet.com/trading/investing-in-airlines-heres-why-stocks-are-flying-now.html/
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