Cramer Thinks American Airlines Goes Much Higher
The only disagreement is that Cramer says the deal shouldn't have been approved, but I tend to disagree. The U.S. needs a healthy airline industry in order to update facilities and expand and the only way this is possible was via consolidation. The country now has 3 legacy airlines along with a very strong Southwest Airlines (LUV). Cramer might be correct about several routes lacking competition, but the discount airlines will work over the next few years to correct that. Some displacements in the short-term shouldn't alter the need for strong airlines.