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Chart analyst: As oil tumbles, buy these stocks

Commercial airplane taking off
Greg Bajor | Getty Images

One positive effect resulting from the slide in oil prices is that transportation costs are far cheaper than they were in years past.

While this trend hasn't yet materialized among rail stocks, the airlines sector is already reaping the benefits, with many individual names trading near 52-week highs.

Airline stocks, as a group, are taking off, breaking out of a consolidation range they remained stuck at for most of 2015, when compared with the Dow Transports.

The spike in airlines arrives at a time WTI crude oil futures prices trade below $35 per a barrel for the first time since February 2009.

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As oil struggles to find a bottom on the back of oversupply concerns, here are some of the airline stocks that will likely continue to trend higher.