NEW YORK (TheStreet) -- TheStreet's Jim Cramer has not recommended an airline stock since 1984, but he has embraced them wholeheartedly now thanks to the American Airlines (AAL) and U.S. Airways merger, which he believes should never have been approved by the U.S. Department of Justice.
The merger creates a formidable carrier, but Cramer says there are numerous routes for which there is no competition now. This has provided a boost to American Airlines Group, which has doubled, and Cramer thinks it can climb even higher.
He also likes Delta Air Lines (DAL), which he calls "incredibly well run." Cramer is also willing to buy United Continental (UAL) and Spirit Airlines (SAVE), but his main focus is on American Airlines Group. "If that stock comes down," he says, "buy it."
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