Imperial Capital analyst Michael Derchin downgraded Alaska Air Group to In-Line and lowered his price target for the shares to $61 from $90. The company's margin target may not be achievable by fiscal 2020 due to weaker transcontinental fares, competitive pressures in Hawaii that could spread to key California markets, tougher comparisons starting in the second half of 2019, and higher fuel costs, Derchin tells investors in a research note. The analyst now estimates Alaska Air's pre-tax margins reaching 12% in fiscal 2020, below the company's 13%-15% guidance.

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