With the current state of the economy, how you guys think the airlines will hold up? Anymore it seems that fuel prices are about the only thing that drives airline stock. For example, crude oil hit $79.84 today, and US’ stock rose by 22%. It’s interesting, though, seeing tons of other stocks plummeting and airlines kind of holding steady.
What do you think?
[quote=“weatherman”]
With the current state of the economy, how you guys think the airlines will hold up? Anymore it seems that fuel prices are about the only thing that drives airline stock. For example, crude oil hit $79.84 today, and US’ stock rose by 22%. It’s interesting, though, seeing tons of other stocks plummeting and airlines kind of holding steady.
What do you think?[/quote]
I don’t think many airlines stocks can get any lower.
Most of the airlines cut capacity to reflect higher fuel prices, now fuel is coming down but the economy is getting worse and this new level of capacity is well suited for the worse economy.
True. In this economy, who in the world is going to want to fly.
Me! 
Me too! Let me reword that.
In this economy, who in the world is going to have enough $$$ to fly?
Our stock was on s nose dive, and made it to $63 per share. Tough I know, but it had been over $90 for the longest time. Yesterday, it closed up $5 and some change.