Overlooked Airline Stocks From a 5-Star Manager

JetBlue isn't the only airline inspiring investors: Ric Dillon, chief investment officer at Diamond Hill Investment Group, runs the Morningstar five-star-rated Long-Short Fund; he recommended overlooked airline stocks.

Dillon concedes that factors like uncertain consumer spending make "the near-term very cloudy." But that "gives us the opportunity to enter companies with attractive valuations and good long-term perspectives."

He likes U.S. Airways Group and AirTran Holdings.