American Airlines Group Inc (AAL)

[bettyfordallstar]

Cramer had a segment on mad money about the recent airline woes over the last several wks. First, he said over the last year airlines have had a remarkable run,to the point where they are slightly over inflated. he then added that with all the recent plane incidences,it has people very nervous. with all of these planes going down, the airlines are about to be hit with higher insurance costs. Also, there is talk that with all the sanctions levied against Russia, that Russia may ban flights over its air space in retaliation, which is huge, considering how big the country is and where it is located. Also, Russia being a major oil source, there are huge concerns that oil prices could spike due to their retaliation. Overall, he feels that the industry as a whole could fall further,another 10%-15%. God I hope he is wrong. P.S. F the commies!!!! Go AAL!!!! Long and strong!