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UBS has initiated coverage of U.S. airlines, rating Alaska Air, United, and Delta as "buy," citing expectations for strong earnings growth driven by improved revenue per available seat mile and margins in 2025. The firm highlights the companies' robust pre-tax margins and healthy balance sheets as buffers against travel demand fluctuations and cost inflation.Conversely, UBS has issued "sell" ratings for Southwest Airlines and JetBlue Airways, citing concerns over Southwest's poor margin performance and execution risks, as well as JetBlue's uncertain path to positive operating margins and high leverage.
18:41 26.11.2024
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