Stable oil prices could prompt airline stocks to triple, analyst says

06/26/2008 |

If oil prices stabilize, airline stocks could double or triple, according to a Wall Street analyst. "Once oil stabilizes, and it becomes clear to the broad group of investors and pundits that the legacy airlines are not all going out of business, we expect a doubling or tripling in airline share prices," said Avondale Partners analyst Bob McAdoo.

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