Airline stocks worth it?
Looking at the market, most airline stock has dropped by 25-35% over the last 3 months. Do you guys think it’s safe to buy a little anticipating a late year rise? I’m not looking at getting a bunch, probably like $100-200 worth expecting a slight rise over the next 3-6 months. Is this foolish?
$American Airlines(AAL.US$ $Delta Air Lines(DAL.US$
$American Airlines(AAL.US$ $Delta Air Lines(DAL.US$
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Deep Sea : If oil price drops, it will be a boost to airlines earnings. The airline stocks have dropped cheap recently due to rise in oil prices and higher for longer interest rates. DELTA is one of them that has dropped from above $40 high.
Deep Sea : Possible to go high if rate hike cycle ends this year. Also, u need to watch out for oil price movement that will affect the share price. This is my view.