Unfortunately, if the market goes into correction then the airlines will get hit a little more. The only plus I see going in now is the observation of oil prices decreasing due to the slower fall season coming and lack of hurricanes in the gulf. As one poster who has posted for years, the airlines tend to fall into early september and then go up in the fall although can be the later of the financial groups to see a rise in prices. UAL and DAL seem to be the best ones to buy at this time if one wants to bottom fish thinking the bottom is in. My biased hope is to get them even cheaper in the next few weeks.
hopefully, i have been in this for 3 years waiting for that, it seems its always about 1 year away, i hope they can get there this time. the problem is the hedge funds seem to short it at 25 they have done it numerous times already.