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Confidence in airline stocks picks up again

Mar. 21, 2015 11:46 AM ETAmerican Airlines Group Inc. (AAL) StockLUV, ALK, HA, DAL, UAL, AAL, JETSBy: Clark Schultz, SA News Editor7 Comments
  • Positive commentary from the analyst community and some help from the oil patch helped the airline sector outperform for the week.
  • American Airlines Group (NASDAQ:AAL) ran up a gain of 11% off of news the company would be added to the S&P 500 Index.
  • Plenty of bets were laid out on American with volume on Friday at 137.8M shares vs. 15.33M daily average.
  • Analysts thinks the inclusion of American to the S&P 500 to join Southwest Airlines (NYSE:LUV) and Delta Air Lines (NYSE:DAL) effectively boxes out United Continental (NASDAQ:UAL) and Alaska Airlines (NYSE:ALK) from the prized index until at least 2016.
  • A positive read from Southwest on efficiency also helped to buoy sentiment.
  • Even beaten-down Hawaiian Holdings (NASDAQ:HA) perked up during the week with a 8.56% run. The carrier has under-performed recently due in part to some hedging losses.
  • ETF fans are set to have their catch-all airline investment opportunity soon with the expected launch of the U.S. Global Jets ETF (NYSEARCA:JETS) next month.

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