Flying Again - Airline Stocks

The whole airline industry is on the brink of total collapse with gasoline price soaring above $110 per barrel and major airlines forcing to ground the fleet due to safety concern began when FAA found fuselage cracks at some of Southwest Airline's fleet. Worried investors flee away from the airline stocks as the big B word - bankruptcy arises in each one's mind. So all the sudden a lot of the brand name carriers such as Northwest Airline, Delta Airline, US Airways and American Airlines are all trading in single digits.

However while everybody is jumping off the airline industry, the smart investors are steping in and grab shares in deep discount just like what they did for financial and home builders. And the recent merger between Delta and Northwest probably signals the bottom. Take a look at how much these airline stocks have dug out from the low point this year:

• Delta Air Lines Inc. (DAL): Low - $6.5, Current - $8.5, Percent Up - 30%.
• Northwest Airlines Corp. (NWA): Low - $7.06, Current - $9.83, Percent Up - 39%.
• AMR Corporation (AMR): Low - $6.81, Current - $9.38, Percent Up - 37.7%.
• US Airways Group, Inc. (LCC): Low - $6.1, Current - $8.72, Percent Up - 43%
• UAL Corporation (UAUA): Low - $12.78, Current - $15.89, Percent Up - 24%
• Continental Airlines, Inc. (CAL): Low - $15.82, Current - $18.79, Percent Up - 18.8%.