Investing

How to trade airlines amid travel concerns

Airline stocks broadly dipped Tuesday amid sustained terrorism concerns, but some “Fast Money” traders saw a buying opportunity in the sector.

Tunisia suffered the latest in a string of deadly attacks Tuesday, one day after the U.S. State Department issued a worldwide travel alert for citizens. Shares of several large airlines — including American, Deltaand JetBlue — fell Tuesday.

“There is a little bit of pressure. I think it could be lingering for a while,” said trader Pete Najarian.

Customers check in at the JetBlue counter at John F. Kennedy Airport

Getty Images
Customers check in at the JetBlue counter at John F. Kennedy Airport

JetBlue shares — which have soared about 60 percent this year — look enticing on weakness, he said. He also touted Hawaiian Holdings, which was flat Tuesday but has climbed more than 40 percent this year.

Trader Steve Grasso added that he sees opportunity in the sector’s “winners.” He pointed to JetBlue and SkyWest.

[“source -cncb”]

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