Get On Board Alaska Air

Airlines are leading the transportation sector so far in 2012, in a strong bid generated by surprisingly resilient economic growth. Industry consolidation is also helping the group, with the AMR Corp.'s (AMR) bankruptcy filing encouraging industry CEOs to look at potential merger combinations. Even fuel prices are cooperating, peaking in April 2011 and entering a steady downtrend.

Of course, we've been down this road several times in the past decade, with the industry perking up and attracting hopeful investors -- who are promptly crushed in the next wave of downgrades and selloffs. Maybe it's different this time, considering how long this particular group of stocks has been trading in the market dumpster....414 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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