Airline stocks are priced for disaster right now, but that disaster isn't fundamentally sound, S&P Global Market Intelligence analyst Jim Corridore said Tuesday.
That means a good buying opportunity, he said.
"If you look at it on a valuation basis, these stocks are trading at levels we haven't seen in about a decade when the industry was fundamentally different — much more risky," Corridore said in an interview with CNBC's "Power Lunch."
While the airlines rallied Tuesday, they have been slammed over the last few months. Many are still sitting near 52-week lows, he said.