Falling crude oil prices might provide a boost for one airline stock, Jamie Baker, senior airline analyst at JPMorgan, said Tuesday.
American Airlines—"It's the only major airline in the United States that doesn't hedge at all," he said. "Lower fuel prices will catch up a little bit more gradually for names like Delta, United, Southwest and others. But if fuel is the only thing that you're looking to play here, American is the way to do it."
Baker has been named the top airlines analyst by Institutional Investor magazine.
On CNBC's "Fast Money," Baker said he was "not particularly concerned about capacity creep" in the industry.