Dow Jones U.S. Airlines Index (DJUSAR)

[JLS]

I noticed that earlier today (after the trades).

This year's PE ratio for AAL is 9.4.

With next year's predicted earnings, it's 8.5.

Those numbers make it look like the old days, when airlines were a bad investment.

These aren't the old days. Airlines have leverage now.

Check out the other major airlines' current PE. You might be surprised. All the ones I checked were much higher. That should make a difference going forward when comparing AAL to the index.