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Morgan Stanley: CapEx Won't Kill the Airline Rally
2014-10-06 23:16:28| Airlines - Topix.net
With the oldest average fleet second only to Africa, investors often question whether or not the US Airlines are underinvesting in their fleets and to what extent this might be a headwind to future FCF growth. Most prominently, this debate focuses on Delta Air Lines which is differentiated vs. American Airlines and United Continental in its relatively low runrate capex burden.
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Category:Transportation and Logistics
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