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Airlines: Just How Big a Deal is the Justice Department Investigation?

2015-07-02 04:15:49| Airlines - Topix.net

Stifel's Joseph DeNardi remains bullish on airlines like United Continental , Delta Air Lines and American Airlines but worries that the Justice Department's investigation into price collusion could have an impact on sentiment and fundamentals. He explains: Investigation Likely Creates Further Headline Risk - Clearly, we have little visibility into what internal emails from airlines will show if that is in fact what the DoJ is interested in seeing, but in terms of what airlines have said publicly and what capacity and pricing trends show, we don't see much of a case for how the industry has colluded.

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