Earnings season for airlines is in full swing, and Wall Street has had a lot to say about the latest numbers. Here’s a look at some recent commentary from two top firms.
Analyst Michael Linenberg likes what he sees from Southwest Airlines Co LUV 2.05%, United Continental Holdings Inc UAL 0.6% and Alaska Air Group, Inc. ALK 4.21%. In new reports out this week, Linenberg praised Southwest for its record-high return on invested capital (ROIC) of 32.7 percent on 2015 and highlighted United’s record full-year results and aggressive non-fuel cost savings initiative.
“Alaska, in our estimation, is on track to produce another year of solid EPS growth (~10%) as the airline benefits from the launch of Premium Class seating, an enhanced credit card agreement, moderating capacity growth, lower fuel prices, and reduced share count,” Linenberg added.
Deutsche Bank maintained…
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