Dirt Cheap Airline Stocks
The below airline analyst from Wolfe Research makes some interesting points regarding the airline industry and oil prices. Interesting to see the point regarding the hedging book as being a liability. Basically unless you're the best hedger in the industry, all a hedge does is rack up expenses over time.
The best part was possibly the Fast Money guy knocking down the value on the airline stocks while the research analyst was clear that the stocks remain dirt cheap.
Disclosure: Long LCC. Please review the disclaimer page for more details.