Lou Whiteman

So I'm focused on airlines and in particular JetBlue, ticker J-B-L-U.

And guys, there's a lot of drama in this sector right now, right?

Sky high fuel prices, chaos at the airports.

This week, just to add to the drama, JetBlue has come in and said, we are looking for an exit.

They've reportedly hired bankers to explore a sale.

On paper, a deal makes sense.

JetBlue is getting squeezed by the industry's big four.

There's no clear path for growth, in part because they weren't allowed to buy someone.

All the rumored buyers, United, Southwest, and Alaska, they all have reasons where this would make sense, but also they all have their kind of own internal drama or internal priorities other than this to deal with.

And airline mergers are historically really difficult to integrate.

It all just makes for a big mess.

For now, I'm mostly just making popcorn and watching because I think it'd be fun to play out.

But I will say the most interesting company out of all of this is one I haven't mentioned.

Delta Airlines, best mix of balance sheet and product.

And if one of their competitors decides to do this, it could really, really benefit them in terms of just grabbing assets at airports and also just letting the chaos play out.

Real interesting sector to watch right now, but JetBlue with a little shout out to Delta.

That's what I'm watching.

Is this actually an investable space or is this just popcorn like you said?

I think it's more investable now than it used to be.

The big four are a lot healthier, but it is still highly cyclical.