The investment thesis remains that the airline industry has changed from the money-losing sector of the past.
Airlines like AAL haven't seen the stocks benefit from the lower fuel prices and large profits.
Industry moves related to suddenly higher oil prices are signs of the changing industry for the good.
The airline sector and American Airlines Group (NASDAQ:AAL) in particular are trading at multi-year lows due to fears of an industry relapsing to problems of the past. The market though appears to be overlooking some industry facts in the process of quickly rushing to a negative judgment.