Historically, the airline sector has been one of the most turbulent sectors to invest in. A myriad of issues have, for decades, plagued the sector, bringing pain to airline investors. Bankruptcies, debt, and labor strife have historically been a regular occurrence in the airline industry. However, over the past several years, many airlines have undergone something of a renaissance. Billions of debt has been cut, labor peace has been reached at many airlines, and capacity has been tamed.
As the chart above shows, many of America's domestic airlines have seen triple digit returns over the past 5 years, driven by both consolidation and fundamental shifts in the industry. However, as the domestic industry turns towards the stall...
Only subscribers can access this article, which is part of the PRO research library covering 3,741 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: