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"There may be money to be made as a trader, but as a long term buy and hold this industry is brutal."

This is true...I think traders are the ones that really drive the airline prices (seeing large swings in the stocks as oil goes up and down or earnings go up or down).

I'm long at this time is that IF oil goes down, the stock prices should go back up. I also believe there is a good opportunity in that it looks as if the airlines are finally being intelligent and cutting back capacity so the smaller guys should do better.
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