Jim Cramer on These 7 Travel and Leisure Stocks

2. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 59

Cramer noted American Airlines Group Inc.’s (NASDAQ:AAL) earnings outlook as he said:

“And several other airlines mainly followed suit. American slashed revenue outlook for the first quarter and guided for much larger than expected loss… But honestly, these names have already come down dramatically over the past few weeks. This makes them very interesting to me. After this week’s blood bath, you got a lot of them are down 35 to 40%.

So given all the newfound negativity, why on earth would I stick my neck out and recommend some cheap travel plays? Look, as tough as these airlines, the updates were, the collective news, frankly, it wasn’t that horrible, at least not if you listen closely.”

American Airlines (NASDAQ:AAL) is an air carrier that provides scheduled air transportation services. Interestingly enough, before the airline reported its earnings, on March 11, Cramer commented, “Delta, great Airline but it’s going to miss the numbers big. Same with American Airlines.”