LCC fell 7%. I think we'll show a 2Q profit between $600-700M on record revenue. Oil is up to $92/barrel due to 'tensions in the Gulf', aka 'Iran'.

On a good note:

4 Top-Performing Airline Stocks With Strong Futures - Seeking Alpha

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Delta Air Lines, Inc. (DAL)

Delta, like Allegiant, has been one of the biggest winners and surprises over the past year. Delta soared over 60% since last August, and has been one of the great success stories making such a strong comeback after its shaky past, dealing with bankruptcy and restructuring issues, and failing to become relevant in a tough industry. Well it is relevant now!

We don't expect the stock to duplicate its amazing past yearly performance, though we're still confident investors will see nice steady gains. The stock is relatively cheap compared with the rest of the sector, making it a good potential investment. Along with that, the business from top to bottom is solid, holding a PEG ratio of 0.12 and it has a lot of great things going for it—paving the way to a great 2012 second-half performance.