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When asked to pick his favorite airline as a weak oil play,'s Jon Najarian says...

When asked to pick his favorite airline as a weak oil play,'s Jon Najarian says it's Delta (DAL) all the way because of its exposure across the U.S. and its timely refinery purchase. Conversely, Southwest's (LUV) hedging strategy works well on the upside, but when crude comes down, it's a drag that will continue to be reflected in the stock price.
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Comments (3)
  • sheeple2012
    , contributor
    Comments (203) | Send Message
    momo chasing clown, what about his other picks that are all down 4-6% today
    1 Jun 2012, 05:19 PM Reply Like
  • mickmars
    , contributor
    Comments (1322) | Send Message
    And how long do we expect oil to stay down? Until QE3 later this month or next?


    I'm guessing DAL will have fewer businessmen flying those European routes this Summer.....
    1 Jun 2012, 05:30 PM Reply Like
  • gdavidson1731
    , contributor
    Comments (159) | Send Message
    Dude, DAL can buys all the oil it can on the futures market at the lowers price, say $75 and when oil goes back to the W Bush premium, say $110. It can operate at $75 and sell the overstock . Its all gravy. I love DAL longterm and at current price the future looks good.
    1 Jun 2012, 05:42 PM Reply Like
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