TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said he's a fan of Alaska Air's decision to buy Virgin America. Cramer said, 'I want to point out that Delta (DAL) , American (AAL) and United (UAL) are all still very cheap and I think they're terrific. I don't think oil goes through $40. You've got dollar peaking, lower oil prices and, have you ever been on an airline where they don't say they're extremely full? I haven't.'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.