Rising fuel prices has caused leading analysts to cut earnings estimates for a number of airlines. Recommendations for JetBlue Airways and AMR, American Airlines parent company, were downgraded from hold to sell, and moved a number of others from buy to hold. Analysts have projected that US airlines 2011 profits will total $1.53 billion, which is down from $2.48 billion before the revisions caused by fuel costs. However all airlines except AMR are still expected to earn a profit in 2011. Wrote Becker wrote in her report: “The current $3.41/gallon price does not bode well for airline margins for at
This content is restricted to site members.
If you are an existing user, please login below.
New users may register below.