** Susquehanna lifts U.S. airlines PT on optimism for 2026, after a tumultuous 2025
** "We see a constructive fundamental backdrop for the airlines into FY26, with brand loyalty and diverse revenue streams continuing to benefit select carriers," brokerage says
** Brokerage upgrades American Airlines AAL.O to "positive" rating
** Says it expects AAL's revenue initiatives like growing premium products and new Citi co-brand deal to drive margin improvement into FY27
** Brokerage also upgrades low-cost carrier Sun Country Airlines SNCY.O to "positive" rating, citing meaningful margin expansion into FY27
** Following are the new PTs:
Airline | New PT | Old PT |
United Airlines UAL.O | $150 | $117 |
Southwest Airlines LUV.N | $45 | $35 |
Delta Air Lines DAL.N | $85 | $70 |
Alaska Airlines ALK.N | $70 | $52 |
Allegiant Airlines ALGT.O | $100 | $70 |
American Airlines AAL.O | $20 | $14 |
Sun Country Airlines SNCY.O | $20 | $12 |
Frontier Airlines ULCC.O | $5 | $4 |
(Reporting by Parth Chandna)
((Parth.Chandna@thomsonreuters.com;))