In its report, J.P. Morgan writes, “AMR capacity reductions are expected to divert revenue and increase profitability at its competitors. Our J.P. Morgan Shrink-o-lator explores these estimated benefits, driving substantial improvement to 2012 estimates and price targets… we remain confident AMR's filing will ultimately be recognized as a seminal event, serving to rekindle investor interest in the space. Combined with robust current demand trends and seasonal track record for Autumnal potential upside, risk/reward in US airlines has significantly improved – particularly in light of an anticipated surge in consensus as AMR capacity benefits become more widely understood.”
Companies included in the J.P. Morgan report are: AMR Corp. AMR, Alaska Air Group ALK, Delta Air Lines DAL, JetBlue Airways Corp. JBLU, Southwest Airlines Co. LUV, United Continental Holdings UAL, and US Airways Group LCC
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