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Storms and Oil, Winter of Discontent for Airlines?

You don’t need us to tell you it’s been a wicked winter. With snow and ice storms blanketing half the nation, how should you play airlines?

UBS airlines analyst Kevin Crissey tells the desk when you play the airlines, “fuel matters – and it hasn’t been very pretty of late.”

If you're looking for a long position, Crissey says look at Delta and United .

He likes these names because of their international and corporate business. “That makes it easier for them to pass along higher fuel costs.”

Conversely, he says “it’s hard to feel excited about the low cost carriers. A Jet Blue, Allegiant or Southwest . "They struggle to pass along fuel."



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Trader disclosure: On Feb 2, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Adami's wife works for (MRK); Finerman's firm is short (MDY); Finerman's firm is short (SPY); Finerman's firm is short (IWM); Finerman's firm is short (IJR); Finerman's firm is long S&P puts; Finerman's firm is long Russell 2000 puts; Finerman owns (AAPL); Finerman's firm owns (AAPL); Finerman owns (BAC); Finerman's firm owns (BAC) leaps; Finerman's firm owns (BBY); Finerman owns (BP); Finerman's firm owns (BP); Finerman owns (C); Finerman's owns (GOOG); Finerman owns (HPQ); Finerman's firm owns (HPQ); Finerman's firm owns (IBM); Finerman owns (JPM) and (JPM) leaps; Finerman's firm owns (JPM) and (JPM) leaps; Finerman's firm owns (MCD); Finerman owns (MSFT); Finerman's firm owns (MSFT); Finerman's firm owns (TGT); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC); Cortes is long U.S. Treasuries; Cortes owns (TSN); Cortes owns (EXC); Cortes owns (MO); Cortes owns (PM); Cortes owns (GS); Cortes owns (MS); Cortes owns (SVU); Cortes is short (LVS); Cortes is short (BAC)

BRIAN KELLY
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (BAC)
Accounts Managed By Kanundrum Capital Own (EBAY)
Accounts Managed By Kanundrum Capital Own (GLD)
Accounts Managed By Kanundrum Capital Own (MS)
Accounts Managed By Kanundrum Capital Own (SLV)
Accounts Managed By Kanundrum Capital Own (DBA)
Accounts Managed By Kanundrum Capital Own (JJG)
Accounts Managed By Kanundrum Capital Own (MON)
Accounts Managed By Kanundrum Capital Own (ATW)
Accounts Managed By Kanundrum Capital Own (RDC)
Accounts Managed By Kanundrum Capital Own (TLT)
Accounts Managed By Kanundrum Capital Are Short Australian Dollar
Accounts Managed By Kanundrum Capital Are Short The Yen

JOSHUA BROWN
Brown owns (AAPL) for clients
Brown owns (AIG) and for his clients
Brown owns (AMZN) for clients
Brown owns (ARMH) for clients
Brown owns (AXP) for clients
Brown owns (BA) for clients
Brown owns (BAC) for clients
Brown owns (BP) for clients
Brown owns (C) and for his clients
Brown owns (CSCO) for clients
Brown owns (F) for clients
Brown owns (FCX) for clients
Brown owns (GE) and for his clients
Brown owns (GS) for clients
Brown owns (GDXJ) for clients
Brown owns (GLD) for clients
Brown owns (HPQ) for clients
Brown owns (JPM) and for his clients
Brown owns (MSFT) for clients
Brown owns (MS) for clients
Brown owns (QCOM) and for his clients
Brown owns (VZ) for clients
Brown owns (WFC) and for his clients
Brown owns (COW) for clients

RICH ILCZYSZYN
Ilczyszyn Has No Disclosures

KEITH WIRTZ
Wirtz has no disclosures

KEVIN CRISSEY
Within the past 12 months, UBS AG, its affiliates or subsidiaries has received compensation for investment banking services from (UAL)
UBS AG, it's affiliates or subsidiaries expect to receive or intend to seek compensation for investment banking services from (UAL), (LCC) in next three months
(UAL) is an investment banking client of UBS Securities within the past 12 months
UBS AG, its affiliates or subsidiaries own 1% or more of a class of (UAL), (LCC) common equity
UBS Securities LLC is a market maker in (JBLU), (UAL), (LCC)
UBS Securities LLC is acting as an advisor to Continental Airlines on its announced agreement to merge with UAL Corp

ALEXANDRA LEBENTHAL
Lebenthal has no disclosures

RON SHAH
Shah has no disclosures

WILLIE WILLIAMS
Societe Genarale facilitates transactions in tradeable currencies

SCOTT NATIONS
Nations has no disclosures

FAST MONEY 360
Stifel Nicolaus is a market maker in (CVS)

GUY ADAMI FAST FIRE 12/21/2010
Adami had no disclosures in (JEF) on 12/21/2010

Comcast is the parent company of CNBC
Comcast is the parent company of NBCUniversal
GE owns 49% of NBCUniversal
GE owns 49% of CNBC

CNBC.com with wires.

Symbol
Price
 
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%Change
ALGT
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DAL
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JBLU
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LUV
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UAL
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