Tweet
Originally posted by billyjoe
View Post
-
I'm with you! -
What a whacking today! AAL down 6% DAL down 5.5%, LUV down 4.5%... and on and on we go with the airlines...
If this the end of the run or just a blip on the chart?
I have two airlines in my portfolio.Comment
-
Bought more LUV on sale this morning probably because of flight cancellations due to weather. They beat on earnings about 10 days ago. In my mind I just gained another 2.75%. Time will tell.
------------------billyComment
-
Added to LUV again. I don't think oil will continue a fast reversal. If it does I'm screwed.
---------------billyComment
-
billy,Originally posted by billyjoe View Post
I listened to a former CEO of an oil company today on Squawk Box. He predicted that the supply and demand for oil would level off in the summer. Then the price per barrel would increase going into the end of the year - possibly to $70-72 per barrel.
I assume the airlines gain significant profit when the price of oil decreases - and has just the opposite effect when it rises.
T.Tim - Retired Problem SolverComment
-
mimo, I don't even have to look at oil prices to know what crude is doing. Today must be down because LUV is up. Used to be seats filled, consolidation, steady or slow rise in oil prices, and airlines were up. Now oil controls airline prices to an exaggerated degree.
-----------------billyComment
-
Ouch! (from SA) "Southwest Airlines took 128 of its jets out of service late Tuesday, or roughly one-fifth of its fleet, after informing federal regulators that it "inadvertently omitted" required maintenance checks on the planes' backup hydraulic systems. Dozens of flights were immediately canceled as a result, while officials from Southwest (NYSE:LUV) and the FAA discussed plans to complete the maintenance checks and return the planes to service."Comment
-
Only thing worse would be if they found #*snakes on the $#*@ ing planes.
-------------billyComment
Comment