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American Airlines Group Inc. (AAL)
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Delta Air Lines Inc. (DAL)
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Southwest Airlines Company (LUV)
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United Airlines Holdings Inc. (UAL)
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Air Canada Voting and Variable Voting Shares (AC)
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WestJet Airlines Ltd. variable voting and common voting shares (WJA)
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?