** UBS raises PT on some U.S. airlines including Allegiant Airlines ALGT.O, United Airlines UAL.O, American Airlines Group AAL.O and Frontier Group ULCC.O
** Brokerage says the improving trend in demand and fares has provided an offset to the modest expense pressure for most players
** "Based on company feedback, it appears strength was most pronounced in corporate while premium was resilient" - brokerage
** Says demand also improved a bit in domestic leisure and main cabin
** Including session moves, S&P composite 1500 Passenger Airlines (Industry) .SPCOMALI down 8.2% YTD
Company | New PT | Old PT |
Allegiant Airlines | $65 | $52 |
United Airlines | $131 | $114 |
American Airlines | $13 | $12 |
Frontier Group Holdings | $5 | $3.50 |
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))