Airline stocks could fly high in 2017, thanks to Donald Trump's plans for fiscal stimulus. A Deutsche Bank analyst says although U.S. airline profits peaked in 2015, he's revised his view, and says that stronger demand is ahead.
The analyst says airlines are on the verge of positive unit revenue growth, and potentially a much stronger trading period for their stocks. His favorite stocks, in order, are Southwest (LUV) , JetBlue (JBLU) , Spirit (SAVE) , Allegiant (ALGT) and Alaska Air (ALK) . His favorite major airline is Delta (DAL) .
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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