Airline stocks now a favorite of Citi too

Nov. 18, 2016 9:21 AM ETAllegiant Travel Company (ALGT)LUV, ALGT, DAL, AAL, JETSBy: Clark Schultz, SA News Editor5 Comments
  • Citi is piggybacking off of Warren Buffett to turn bullish on several airline stocks.
  • Allegiant Travel (NASDAQ:ALGT), Southwest Airlines (NYSE:LUV), Delta Air Lines (NYSE:DAL) and American Air Group (NASDAQ:AAL) are all fresh Buys at the investment firm on the broad theme that sector consolidation and an improved economy will reap benefits.
  • The big Citi endorsement may be even to give the U.S. Global Jets ETF (NYSEARCA:JETS) a push higher today. The catch-all airline ETF has outperformed the S&P 500 Index YTD, +7.9% vs. +7.4%.
  • Previously: Buffett buys airlines (Nov. 14)
  • Previously: Airline sector on watch after big boost of confidence from Omaha (Nov. 15)

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