‘Not all airlines are created equal’: Two stock traders give their favorite picks

‘Not all airlines are created equal’: Two stock traders give their favorite picks

Are any airline stocks worth buying on sale? Two traders grappled with that question on Tuesday as the group slid on concerns around a fuel shortage stemming from this weekend's . The (JETS), a basket of 39 airline stocks, ended trading down more than 1.5% on Tuesday. It is down about 8% from its recent highs made in March. "Not all airlines are created equal," said Nancy Tengler, chief investment officer at Laffer Tengler Investments. " is in a unique position to come out of this stronger," she told CNBC's on Tuesday, noting the company's "strong history in hedging oil prices." Southwest has hedges in place that become profitable when crude oil prices reach $65 and $70-80 a barrel. Another "really aggressive hedging program" will begin in 2022, Tengler said. prices rose to just over $65 a barrel on Tuesday. that it will start hiring new flight attendants for the first time since before the Covid pandemic put a pause on the economy on account of strong demand. "Once the pipeline gets back on track, this is a company that you would want to take advantage of the weakness in because it's going to be a strong medium and long-term