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Fly News Breaks for March 29, 2016
UAL, LUV, AAL, DAL
Mar 29, 2016 | 07:35 EDT
Stephens analyst Jack Atkins initiated coverage of the U.S. passenger airlines with a positive bias, saying that he believes the industry's structural changes in the past 10 years have created an operating environment that can allow legacy airlines to remain profitable throughout an economic cycle. The analyst, who expects multiples to move up as the airlines prove the sustainability and profitability of their models, started Delta (DAL) and Southwest (LUV) with Overweight ratings and American Airlines (AAL) and United Continental (UAL) with Equal Weight ratings.
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