Colin Scarola, Equity Analyst at CFRA Research, added United Airlines (UAL) as a buy rating this week. They are recommending to keep buy airlines in the next two years as they think this is a good time to buy as oil has spiked, based on situations similar in the past. Kevin Green, Senior Derivatives Manager of Charles Schwab, says if the EU has a recession, it will slow down international travel. Kevin points to rising oil prices affecting airlines and slower consumer demand due to higher prices on goods. Colin likes ALK, DAL, LUV, UAL, and BA. He thinks the sell-off has been extremely short-term focused.
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