BofA/ML Raises Earnings Estimates on Airlines

Article Stock Quotes (6) Comments (0)

Analysts at Bank of America/ML raised its earning estimates on airlines this week, increasing them by 10 to 30 percent. Their estimates assume that there will not be a recession in the US, and account for a 10 percent rebound in oil prices. The industry is benefiting from lower costs related to declining jet fuel prices.

BofA's top pick is Delta Airlines (NYSE: DAL). It also likes Alaska Air Group, Inc (NYSE: ALK), Westject, US Airways Group, Inc. (NYSE: LCC), JetBlue Airways Corporation (Nasdaq: JBLU) and Hawaiian Holdings Inc. (Nasdaq: HA).

Investors who are bullish on this sector can also purchase shares of Guggenheim Airline ETF (NYSE: FAA). FAA is lower by 4 percent in the past 30 days, but higher by 10 percent so far this year.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Applied Materials, Inc. (AMAT) Tops Q2 EPS by 3c, Offers Guidance
• Cisco Systems (CSCO) Tops Q3 EPS by 2c; Gross Margin Widens
• Jefferies Buyers of Jack In The Box (JACK) on Solid Results

Create E-mail Alert Related Categories

Analyst EPS Change, ETFs

Related Entities

Bank of America, Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?