Jim Cramer Says Signs Point To Airline Stocks Getting Grounded

There are more price wars going on in the airline industry than people realize and that should make investors wary about jumping into airline stocks, says Jim Cramer.
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There are more price wars going on in the airline industry than people realize and that should make investors wary about jumping into airline stocks, said TheStreet's Jim Cramer.  He said United (UAL) - Get Report did not report a strong quarter and American Airlines (AAL) - Get Report is having problems with a strong dollar. Delta (DAL) - Get Report and Southwest (LUV) - Get Report are in better positions in his view, nevertheless, the low multiples in the stocks are projecting that the airlines as a group will miss earnings estimates for the current quarter.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.