- American Airlines Group Inc. (AAL)
- Delta Air Lines Inc. (DAL)
- Southwest Airlines Company (LUV)
- United Airlines Holdings Inc. (UAL)
- Air Canada Voting and Variable Voting Shares (AC)
- WestJet Airlines Ltd. variable voting and common voting shares (WJA)
Q: Hello, Air Canada has been very strong for quite some time. AC's PE now sits at around 13X wheras US carriers are sitting ~7-8X PE. With the risk of oil prices spiking likely sitting at all time lows, the previous "highly cyclical sector" knock on the airline business, seems less of a problem. What are your thoughts on taking a position in an airline at this time? If you were to take a position, which would be your preference in order - and why?