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Fly News Breaks for October 11, 2019
UAL, DAL
Oct 11, 2019 | 07:20 EDT
Argus analyst John Staszark downgraded Delta Air Lines (DAL) to Hold from Buy following the company's Q3 results, saying that while Delta is among the best managed airlines, he thinks better returns are available elsewhere, as Delta is facing prospects for rising costs and slowing revenue growth. He recommends shares of United Continental (UAL) over Delta. Longer term, he expects Delta to benefit from solid industry fundamentals, including moderate capacity growth, growing ancillary revenue, and rising demand for air travel.
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