Budget air carriers have been snatching up travelers and market share from troubled legacy carriers for the better part of two decades, and now they're whipping them on the Internet, too.

We look at why this company is winning at a time when most travel-related companies are losing.

Airline stocks are mixed in early trading as the price for oil tops $80 a barrel, with most of the major carriers trading down.

Fares are rising and passengers are returning. It could be clear skies ahead for airlines.

Christian Andreach isn’t betting on a strong rebound here in the US. But the 36-year-old professional stock picker is wagering on faster growth overseas a view confirmed by the many C-suite executives he chats with every week.“They see things getting a little better ” says Andreach a managing director at Manning & Napier Advisors. “Things are stabilizing. That said those same companies are looking abroad for the next leg of growth.”Andreach agrees. So along with six other managers and analysts that run Manning & Napier’s Equity Series fund (EXEYX) he has placed big bets on companies with large global ...

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by RothmanResearch.com.