Aviation Sector Looks Positive: Southwest Airlines (LUV) Among Favorites

The aviation sector seems to be getting over the challenging times, according to a report from CNBC’s Phil Lebouf.

Continental Airlines Inc. (NYSE: CAL) reported an EPS of $0.03 for Q4FY09, which is $0.10 above the street estimates. The aviation company also posted $3 billion in revenue.

Another aviation company Southwest Airlines (NYSE: LUV) reported the Q4FY09 EPS at $0.10 which beat the market estimates by $0.03. Both the firms kept their capacities limited during the year. Talking with CNBC, Eric Marshall of Hodges Capital Management said that aviation sector has a good future ahead on the basis of improvements in the general economy and an uptrend in business and international travel.