DAB250724
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25 Jul 2024

DAB250724

  

      

    

  • N751AL Boeing 757-2Q8 c/n 28167 Galactic Holdings Air Test at San Antonio 22/06/24 ex EI-LBR.
  • VP-CRQ Airbus A330-343 c/n 1060 Aergo Capital Ferried to Teruel 16/07/24.

  

  • @airlinewriter And TD Cowen downgrades @AmericanAir to Hold from Buy, citing concern over "aggressive discounting this summer," risk to second-half revenue trends. Analyst says $AAL needs "significant investments to close the gap" with $DAL and $UAL; paying down debt could suffer.
  • @airlinewriter Deutsche Bank analysts report "a growing gap" between airline haves and have-nots. They say $DAL $UAL $AAL $SNCY and $ALK should  maintain or expand on returns that exceed their cost of capital, but only $SKYW among the other publicly traded airlines will do so in 2024.
  • @airlinewriter TD Cowen downgrades $SAVE to Sell from Hold. "We do not forecast a quarterly operating profit until summer 2026." @SpiritAirlines is negotiating with creditors over upcoming payments, and new lead airlines analyst says it could end in a prepackaged bankruptcy filing.
  • @airlinewriter The @Delta CEO says other airlines need to control capacity to end a glut of seats that's holding down prices. Higher costs and low base fares sent $DAL's 2Q profit down 29%, and it offered a relatively weak 3Q outlook.

 

 


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Tags:
  • Daily Aviation Brief