Dahlman Rose on Airlines: Adjusting Estimates to Reflect Higher Jet Fuel Costs

Dahlman Rose on Airlines: Adjusting Estimates to Reflect Higher Jet Fuel Costs

Analyst, Helane Becker, said, "We are lowering our 3Q12 and 2012 EPS estimates to reflect higher jet fuel costs and traffic results for July and August. Unit growth rates were better than expected in August but we remain cautious about September. On average we lowered 3Q12 and 2012 EPS estimates by 17.1% and 10.4%, respectively."

For Buy--rated Alaska Air Group (NYSE: ALK), Q3 EPS lowered from $2.15 to $2.00 and FY12 from $5.05 to $4.85

For Sell-rated Allegiant Travel Co. (Nasdq: ALGT), FY12 EPS estimate lowered from $4.00 to $3.90

For Hold-rated Delta Air Lines (NYSE: DAL), Q3 EPS lowered from $1.00 to $0.90 and FY12 from $2.20 to $2.05

For Sell-rated JetBlue (Nasdaq: JBLU), Q3 EPS estimate lowered from $0.17 to $0.14 and FY12 from $0.50 to $0.45

For Hold-rated Republic Airways (Nasdaq: RJET), Q3 EPS estimate lowered from $0.53 to $0.49 and FY12 from $1.20 to $1.10

For Buy-rated Southwest (NYSE: LUV), Q3 EPS estimate lowered from $0.30 to $0.16 and FY12 from $0.86 to $0.66

For Buy-rated Spirit Airlines Nasdaq: SAVE), Q3 EPS estimate lowered from $0.61 to $0.57 and FY12 from $2.05 to $1.95

For Hold-rated United Continental (NYSE: UAL), Q3 EPS estimate lowered from $2.05 to $1.41 and FY12 from $3.30 to $2.70

For Hold-rated US Airways (NYSE: LCC), Q3 EPS lowered from $1.00 to $0.73 and FY12 from $2.75 to $2.35

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