Appaloosa Cashes In as Airline Stocks Soar

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Jan. 3 (Bloomberg) –- Bloomberg’s Su Keenan reports on Appaloosa’s big play on airline stocks and how the hedge fund remains bullish on airlines for 2014. She speaks to Deirdre Bolton on Bloomberg Television’s “Money Moves.” (Source: Bloomberg)

Delta airlines reported a 10% jump in passenger revenue for december.

It also boosted its outlook.

You saw airline stocks soar across the board.

Stranded passengers typically weigh on airline stocks.

Airlines were his big plate at a time when many hedge funds were looking the other way.

The big play versus the market is airlines.

We are the biggest holder of all these different airlines.

No hedge funds knows as many airlines as we did.

Delta, ual, u.s. air, amr.

We own big percentages in all those stocks.

They did pretty good.

That is an understatement.

Delta and united sword.

One of the best-performing funds at the time, it is $7 billion in assets.

The filing shows he has $600 million invested in delta and united.

And you spoke to him for briefly -- spoke to him briefly about this rally.

Dow he said his view of the airlines has not changed.

He remains a bowl in 2013. su keenan with the very latest on david tepper from appaloosa and his stake in

This text has been automatically generated. It may not be 100% accurate.

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