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American Airlines Group Inc. (AAL $11.27)
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Delta Air Lines Inc. (DAL $52.52)
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Southwest Airlines Company (LUV $29.75)
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United Airlines Holdings Inc. (UAL $87.01)
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Air Canada Voting and Variable Voting Shares (AC $19.06)
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WestJet Airlines Ltd. variable voting and common voting shares (WJA $30.99)
Q: Hello, Air Canada has been very strong for quite some time. AC's PE now sits at around 13X wheras US carriers are sitting ~7-8X PE. With the risk of oil prices spiking likely sitting at all time lows, the previous "highly cyclical sector" knock on the airline business, seems less of a problem. What are your thoughts on taking a position in an airline at this time? If you were to take a position, which would be your preference in order - and why?