S&P Capital IQ sees fuel costs for Delta Airlines (DAL) falling 25%-35% in 2015, as DAL benefits from operating its oil refinery, as well as from lower oil prices, partly offset by losses on hedging contracts entered into at higher fuel prices.

There are a number of industrial ETFs that have exposure to the airline industry.

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This article was written by Todd Rosenbluth, Director of ETF and Mutual Fund Research.

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