Airline stocks broadly dipped Tuesday amid sustained terrorism concerns, but some "Fast Money" traders saw a buying opportunity in the sector.
Tunisia suffered the latest in a string of deadly attacks Tuesday, one day after the U.S. State Department issued a worldwide travel alert for citizens. Shares of several large airlines — including American, Delta and JetBlue — fell Tuesday.
"There is a little bit of pressure. I think it could be lingering for a while," said trader Pete Najarian.
JetBlue shares — which have soared about 60 percent this year — look enticing on weakness, he said. He also touted Hawaiian Holdings, which was flat Tuesday but has climbed more than 40 percent this year.
Trader Steve Grasso added that he sees opportunity in the sector's "winners." He pointed to JetBlue and SkyWest.
Shares of SkyWest — a regional airline in North America — have risen about 56 percent this year.
Amid possible travel concerns, investors should avoid Priceline and other booking companies, added trader Dan Nathan. Priceline shares fell nearly 2 percent Tuesday.
Trader Guy Adami contended that the stock could approach $1,000 per share, considerably lower than Tuesday's close of about $1,240 per share.
Long AAPL, AMAT, BAC, BMY, BP, CSX, DIS, DISCA, DKS, FOXA, GE, KKR, KO, MRK, PEP, PFE, PHM he is long calls A, ABX, BAC, BEE, DOW, EMR, GLW, MOS, MRK, MSFT, PBR, PFE, POT, UA, UAL, XLF, ZIOP He is long puts FCX, MRO, X
Long PFE buy-write, Long TWTR & Long March Risk Reversal, Long EEM Dec 35/32 Put Spread, long IWM Dec Put Spread, Long UUP call spread, Long XLU Dec Call Spread, Long PYPL Jan Risk Reversal, Long M Jan16 52.50 / 62.50 call spread, Long INTC Dec Put Spread, Long XLF Dec put spread, Long NTAP risk reversal
Steve is Long AAPL, BA, BAC, CC, DD, DIS, DECK, EVGN, KBH, MJNA, MBLY, MU, OLN, PFE, PHM, T, TWTR, GDX firm is long IBM, BP, COP, CVX, MAT, OXY, RIG kids own EFA, EFG, EWJ, IJR, SPY
Guy Adami is long CELG, EXAS, INTC, Guy Adami's wife, Linda Snow, works at Merck.