Barclays on U.S. Airlines: August RASM Preview (DAL, LCC, UAL, LUV, JBLU, ALGT, ALK)

Barclays on U.S. Airlines: August RASM Preview

Analyst, David E. Fintzen, said, "Airlines should begin reporting August traffic and RASM results with DAL kicking it off tomorrow. With a number of webcast presentations next week, we also expect to hear some general commentary, if not specifics, about August and early September demand trends. Following a weak July result where revenue increased less than 2% sequentially (short of a more typical 4%), we expect some of the weakness to carry through into August. We now expect August revenue to decline by 4.5% sequentially, about 1% point more than the typical decline of 3.5%. That would translate into a ~2% YoY increase in industry RASM."

Fintzen expects the following August RASM results:

Delta (NYSE: DAL): + 2.5 - 4.5%

US Airways (NYSE: LCC): + 0 - 2% (as previewed by the company)

United Continental (NYSE: UAL): (0.5) - 1.5%

Southwest Airlines (NYSE: LUV): + 2.5 - 4.5%

JetBlue (Nasdaq: JBLU): + 2 - 3% (as previewed by the company)

Allegiant Travel (Nasdaq: ALGT): (9) - (7)%

Alask Airline (Nasdaq: ALK): + 0.5 - 2.5%

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