The Best Time to Buy Airlines is When There's Blood in the Aisles

In front of Delta Airlines reporting earnings tomorrow morning, and against the backdrop of  United Airlines' terrible publicity, two of the relatively smaller cap airlines are acting well.

Both JetBlue, which we looked at last week, and now Southwest Airlines, make logical buyout targets for a big name like Berkshire Hathaway who already owns stakes in several airlines and make make an outright takeover soon. 

If we do see Delta rally the sector further tomorrow, JBLU and LUV would certainly be on my radar long. 

Nonetheless, the lingering issue with this market is the weakness in big banks, not to mention the semis suddenly losing some near-term luster as the VIX catching a stronger bid than at any time since last year. 

More in my recap after the bell.