Quote Originally Posted by YmoBeThere View Post
FWIW, I did short an airline into yesterday’s strength. I don’t think there is huge downside, but the reality of more canceled flights and lower passenger loads will be even more evident soon. The companies are better run than they used to be, but the industry has a short term problem. (Strictly a trade for me.)
And here I was thinking about buying JETS (airline ETF) given the 30% drop in 3 weeks. I definitely think they're going to get crushed on earnings, but that has been priced in now. It's currently at levels not seen in 5 years...Having said that, seems a bit risky right now, but may jump in if there's some price stabilization. I think the long-term prospects of airlines hasn't changed, certainly short-term they have.