Analysts bullish on Delta and United Continental

Victoria
By Victoria October 5, 2011 08:01

Analysts bullish on Delta and United Continental

Deutsche Bank analysts have given a bullish performance review of Delta Air Lines and United Continental Holdings, as well as Alaska Airlines. Analysts say because all three airlines are deleveraging their balance sheets and have improved their financial position compared to the competition over the past two years, they make a strong case of investment. The fact the airlines’ full year 2011 pretax income forecast is unchanged at $2 billion is also impressive given the uncertain outlook. Although there are signs travel demand is slowing, there are some offset benefits from the reduction in jet fuel costs, say the Deutsche analysts. Even though they also add that the biggest near-term industry risk is fuel price volatility.

Victoria
By Victoria October 5, 2011 08:01
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