J.P. Morgan: Airline Fare Increases Underway?

J.P. Morgan is out with a research alert this afternoon, looking at recent airline fare increases by Delta Air Lines DAL and United Continental Holdings UAL. J.P. Morgan has an Overweight rating on both names. In the report, J.P. Morgan states, "Combined with seasonal trends (the historical observation that November/December is typically among the best entry points for airline equities), we see no sector-specific events as likely to derail the post-AMR equity trajectory, with UAL, LCC, DAL and JBLU our favored pecking order among Overweight-rated names." At the time of posting, Delta is down 5.88% from Monday's close, currently trading at $8. United is trading at $19.78, down 4.81% from Monday's close.
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Posted In: Analyst ColorAnalyst RatingsJ.P. Morgan
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