With long lines, security checks, and cancelled flights, traveling on commercial airlines can be bumpy at best. But all is not lost. On Thursday’s Fast Money Sector Trade we take you inside a growing travel trend: the private jet.
Guy Adami explains that private jet travel is up about 40% since 2002, in part because it’s been made more affordable by companies such as Blue Star Jets.
He adds one third of the Blue Star’s clients are sports and entertainment customers, another third are corporate executives and the final third are up-and-comers.
Guy says the trade is General Dynamics (GD) the company making the Gulfstream and Textron (TXT) the company making the Cessna, as well as Rockwell Collins (COL) for instrumentation.
Guy also recommends Embraer-Empresa Brasileir de Aero (ERJ) a Brazil based company that also makes jets.
Eric Bolling agrees.
Jeff Macke tells the panel this trend is the reason why airports are becoming so clogged and consequently commercial airlines are experiencing such long delays. He jokes that they should all short the airlines.
Pete Najarian likes Morton’s (MRT), Tiffany & Co. (TIF) and Allergan (AGN) as plays on the luxury market.
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Trader disclosure: On Aug 2nd 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (ATVI), (HAS), (DIS); Bolling Owns (MPEL), (BP), (T), (XOM),Gold; Bolling Is Short Natural Gas; WWE Programs Air On Networks Of NBC Universal; NBC Universal Is The Parent Company Of CNBC