There are more price wars going on in the airline industry than people realize and that should make investors wary about jumping into airline stocks, said TheStreet's Jim Cramer. He said United (UAL) did not report a strong quarter and American Airlines (AAL) is having problems with a strong dollar. Delta (DAL) and Southwest (LUV) are in better positions in his view, nevertheless, the low multiples in the stocks are projecting that the airlines as a group will miss earnings estimates for the current quarter.
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