BUZZ-UBS raises PT on some US airlines amid improving revenue

Reuters
Sep 27
BUZZ-UBS raises PT on some US airlines amid improving revenue

** 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))

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