BA has run up lately, and may be a good stock to short:
1. American airlines cannot afford to buy new planes because of the economy. 2. EU airlines cannot afford to buy new planes because of the economy and the recent volcane. 3. Chinese airlines may want to wait because the US$ depreciation (RMB will worth more in future than today). 4. BA has not won big contracts for a long time.
But what about the tanker? Last time NGC screwed $5B from BA. This time EADS may screw another $5B.