With stock market sliding, airlines look like a good bet

10/8/2008 | Forbes

As the stock market continues a steep slide, analysts say airline companies are well-positioned to profit through a recession. "I think the market is concerned about companies that are capital intensive such as airlines," says Raymond Neidl of Calyon Securities. "My own analysis is airlines had a credit crisis earlier this year and have adjusted to high oil prices and a possible recession so they're in better shape than most people think to take on the credit crisis as long as it doesn't take too long." Despite the generally upbeat forecast, major airline stocks slumped up to 25% Tuesday in the wake of a broad market sell-off.

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