Major airlines suspend flights amid Middle East violence

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Susquehanna cuts airlines price targets as 'things could get worse before they get better'

October 11, 2023 10:16 AM EDT

Susquehanna analyst Christopher Stathoulopoulos cut the price target for various airline stocks Wednesday, stating that "getting back to normal doesn't look so good."

The analyst told investors in a note that with its airline coverage down fully ~35% since early July, the view is "a bottom is here (or close) would seem reasonable."

However, "with FY24 consensus estimates for capacity still aspirational, we believe... More