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Buy & Sell These Airlines Amid Rising Oil: Analyst

Tuesday, 12 Apr 2011 | 12:07 PM ET

The supply-demand is in favor of the airlines right now, said Jim Corridore, analyst at Standard & Poor’s.

Bet on Vegas & Airline Stocks?
Business travel is picking up. Is it time to bet on Vegas and airline stocks? Robert LaFleur, Hudson Securities Gaming and Lodging analyst, and Jim Corridore, Standard & Poor's airline analyst, discuss the best bets in these sectors.

“There’s less elasticity of demand for business travel than there is for leisure travel, so if airlines continue to raise air fares to offset rising oil…business travelers are still going to continue to travel,” Corridore told CNBC.

Corridore’s Picks:

Alaska Air

Delta Airlines

US Airways

Southwest Air

United Continental

Corridore has "buy" ratings on the airline firms above.

However, Corridore has "sell" ratings on JetBlue and AMR .

"[These firms are] less well positioned for rising oil prices," he commented.

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Scorecard—What They Said:

  • Corridore's Previous Appearance on CNBC (Dec. 15, 2010)
  • LaFleur's Previous Appearance on CNBC (Dec. 7, 2010)

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CNBC Slideshows:

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CNBC Data Pages:

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Disclosures:

Corridore does not own shares of ALK, DAL, LCC< LUV, UAL, JBLU or AMR.

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Disclaimer

  Price   Change %Change
ALK
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AAL
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DAL
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JBLU
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USG1
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LUV
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UAL
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