True, except for FedEx, which is supposedly the "bellweather" of the economy.
If you're investing for short term gains however, risky stocks = most profits if it pays off, so I can see investing in airlines if you had $100,000 that you figured would be fun to gamble, and you didn't care what happened to it. However, if you're investing for the long term, investing in airlines is like playing russian roulette with 5 bullets, sure you might get away with it, but you won't really get anything out of it even if you do.
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