It should be as good as any airline stock can be in the current environment. Looks like all of their risk has been stabilized. Three questions...
- I assume CAL pays for ALL of their fuel?
- What are they going to do about the lease payments on those branded ERJ's?
- Is DAL paying leases for the LAX ERJ's?
Of course if CAL goes into Ch.11 all bets are off.
Personally, as a long-term investor, I stay out of airline stocks...too many things that can go wrong with no warning.