Favorable Trends Create A Buying Opportunity For Airlines

US airlines will begin reporting February traffic next week, and Morgan Stanley’s Rajeev Lalwani and team take a look at the airline space Tuesday, writing that trends remain favorable for the group. Lalwani writes that through the fourth quarter, fundamentals for the group are holding up. Stable pricing, along with supply and demand, isn’t reflected in the “choppy” performance of the stocks, creating a buy opportunity, in his opinion.