airline news...

Airbus is out of the picture, and in the news. This is probably the fifth or sixth story about Airbus's woes that I've seen and it begs the question, "how can an investor profit from this?" Well, since most of Boeing's capacity is already consumed by orders from foreign airlines, this bodes well for airlines. It also bodes well for Boeing (BA), but that is already priced in by the market (Boeing's P/E is 33). Domestic Airlines, however, will benefit from a smaller supply of new planes.