Market experts have noted a really positive trend in the Airlines stocks in the American markets, where almost all the mainstream Airlines entities are flying high with their good and elevated stock rates and activity. Gordon Bethune, former CEO of Continental Airlines, during an interview on CNBC said that this is because of a positive market trend that took place since the start of 2014.
“I think there is a modest growth in everybody’s portfolios so I don’t see anyone doing anything stupid that would really cause revenue to fall,” said Bethune, who made high profits for Continental Airlines, which is now United Continental Holdings Inc (NYSE:UAL).
Bethune also predicted that the rest of the year 2014 will be stable and good for the Airlines amid the good market trends that suffice for any positive IPO. Bethune admitted that United Continental Holdings Inc (NYSE:UAL) is not moving at the same swift rate as Delta Air Lines, Inc (NYSE:DAL) is.
In response to the question about which Airline is on the top, Bethune was of the view that out of all the mainstream and famous Airlines, Delta Air Lines, Inc (NYSE:DAL) conquers the market.
“Well right now Delta is clearly on the hit, because they have got their game together, they have really smart people over there,” said Bethune.
Bethune also shed some light on the reasons of the merger of his former company, Continental Airlines and labeled the price as the main and prime factor behind the deal. In addition he commeted on the new business class offer initiated by the by JetBlue Airways Corporation (NASDAQ:JBLU) and said that JetBlue Airways Corporation (NASDAQ:JBLU) was losing a lot of high end traffic which will now be ceased because of this new step.