US Airways: Can the Run Continue?

Aug.20.08 | About: American Airlines (AAL)

We put our neck out on the line on June 24th with our US Airlines: a Put on Oil? piece. Call it luck (I certainly do), but US Airways (LCC), which we referenced in that piece, is up 220 percent since then.

And it truly was all about oil. The inevitable oil pullback has brought many an airlines stock price back too life.

Can the run continue? I for one still believe oil prices are headed lower, but the airline bet is now too risky for my blood. I will venture to say that's the last two bagger in two months time you'll ever read about here.

Disclosure: The author does not have a position in US Airways.