Buckingham downgraded Alaska Air to Neutral citing balanced risk/reward. The firm's analyst trimmed estimates after factoring in modestly higher fuel and non-fuel costs as well as a reduced buyback program, which resulted in a lower valuation and the change in rating. Additionally, the Buckingham expects the Virgin Atlantic integration risk to weigh on shares near-term.
Boeing (BA) is expected to report results on its fiscal first quarter on Wednesday, April 24, with a conference call scheduled for 10:30 am EDT. What to watch... To see the rest of the story go to thefly.com. See Story Here