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Fly News Breaks for February 27, 2020
SKYW, MESA, ALGT, UAL, SAVE, JBLU, DAL, ALK, AAL
Feb 27, 2020 | 08:58 EDT
Deutsche Bank analyst Michael Linenberg downgraded American Airlines (AAL), Alaska Air (ALK), Delta Air Lines (DAL), JetBlue (JBLU), Spirit Airlines (SAVE) and United Airlines (UAL), all to Hold from Buy, given his concerns about the increasing risk that the spread of the Covid-19 coronavirus will disrupt travel patterns beyond just China. He also expressed concern that the coronavirus will start to negatively impact peak travel periods - like spring break, Easter and early summer - and worries about the growing number of restrictions on business travelers, "one of the industry's most lucrative revenue streams." Despite the worries, Linenberg is maintaining Buy ratings on regional airlines Allegiant Travel (ALGT), Mesa Air (MESA) and SkyWest (SKYW), noting that Mesa and SkyWest are contract carriers and roughly 75% of Allegiant's markets are sole-served.
News For AAL;ALK;DAL;JBLU;SAVE;UAL;ALGT;MESA;SKYW From the Last 2 Days
JBLU
Oct 27, 2020 | 12:26 EDT
Equity futures were modestly firmer in early trading as the sharp declines yesterday provided an opportunity for dip buyers, although that bargain shopping did not support the major averages for long after the open. Near midday, the... To see the rest of the story go to thefly.com. See Story Here
JBLU
Oct 27, 2020 | 08:53 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER - SPI... To see the rest of the story go to thefly.com. See Story Here