Is There Any Reason Why Investors Should Still Own Airline Shares? (Well, Yes, Actually, There Is)
Submitted by EnergyTechStocks.com
Don’t say they didn’t warn you. Back in June 2006, the International Air Transport Association’s (IATA) chief economist told an Agence France-Presse reporter, “Oil prices of $100 a barrel or more are a possibility that would seriously threaten airlines.”
With oil now well above $100 a barrel, is there any reason why an investor would still want to own airline stocks? Well, yes, actually, there is – but only if you aren’t the sort who reaches for the barf bag when your flight encounters severe turbulence.
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