Why Bill Miller is flying high on airline stocks...

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Airline stock prices are soaring after Warren Buffett bought stakes in the four major airline companies, and Bill Miller is reaping the benefits. Miller, known for beating the S&P 500 15 years in a row, said on CNBC Tuesday he has made five times his money off his stakes in Southwest Airlines, American Airlines, United Continental Holdings and Delta Air Lines. He believes airline stocks are still cheap with the potential for high yields. “It’s a commodity business but the incentive structure for…