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Airlines Drop as Bulls Get Less Bullish
2015-05-27 07:42:02| Airlines - Topix.net
Some of the market's biggest airline bulls are getting less bullish, even as they argue that they're still bullish. Case in point: UBS analysts Darryl Genovesi and Raymond Wong , who argue that airlines can continue to grow capacity as long as they keep a tight grip on their wallets-even as they slashed their price targets on Delta Air Lines , American Airlines , United Continental , Southwest Airlines and Alaska Air They explain: With domestic capacity appearing likely to grow another 4-5% in 2016, investors have begun wondering if capacity discipline has broken down , driving multiple compression across the group.
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Category:Transportation and Logistics