Alaska, JetBlue, And Southwest Airlines Stocks Upgraded, Analyst Sees Positive Shift In Airline Dynamics
Alaska, JetBlue, And Southwest Airlines Stocks Upgraded, Analyst Sees Positive Shift In Airline Dynamics
For Alaska Air, the analyst says the benefits of the company's seasonal shaping initiatives are too significant to ignore and sees upside earnings risk to the 2024 EPS estimate of $4.00 (and the consensus mean EPS of $4.21).Deutsche Bank analyst Michael Linenberg upgraded several airline stocks and reiterated rating on few on the expectation of the major carriers having vast domestic networks to benefit from a more balanced domestic supply backdrop.
德意志銀行分析師邁克爾·林恩伯格上調了幾隻航空公司股票，並重申了對少數航空公司的評級，原因是預計擁有龐大國內網絡的主要航空公司將受益於更加平衡的國內供應背景。
In particular, the analyst upgraded Alaska Air Group Inc (NYSE:ALK) to Buy from Hold at an increased price target of $51 (from $44).
特別是，該分析師將阿拉斯加航空集團公司（紐約證券交易所代碼：ALK）從持倉上調至買入，目標股價從44美元上調至51美元。
Also, Linenberg boosted the rating of JetBlue Airways Corp (NASDAQ:JBLU) to Buy from Hold and raised the price target to $9 (from $4) and Southwest Airlines Co (NYSE:LUV) to Buy from Hold at a higher price target of $42 (from $28).
此外，林伯格將捷藍航空公司（納斯達克股票代碼：JBLU）的評級提高至持有買入，並將目標股價從4美元上調至9美元（從4美元），將西南航空公司（紐約證券交易所代碼：LUV）的評級提高至持有買入，目標股價爲42美元（從28美元）。
For Alaska Air, the analyst says the benefits of the company's seasonal shaping initiatives are too significant to ignore and sees upside earnings risk to the 2024 EPS estimate of $4.00 (and the consensus mean EPS of $4.21).
對於阿拉斯加航空而言，分析師表示，該公司季節性塑造舉措的好處太大了，不容忽視，並認爲2024年每股收益估計值爲4.00美元（共識平均每股收益爲4.21美元）有上行盈利風險。
Also Read: Alaska Air Warns Boeing Fleet Grounding Incident To Hit 2024 Earnings By $150M
另請閱讀: 阿拉斯加航空警告波音機隊停飛事件將使2024年的收益減少1.5億美元
For JetBlue Airways, Linenberg writes that the change in senior management and the involvement of an activist (who recently secured two Board seats) acts as a tailwind.
對於捷藍航空，林恩伯格寫道，高級管理層的變動和激進分子（最近獲得了兩個董事會席位）的參與構成了不利因素。
Read: Flying Into Rough Air: JetBlue Airways' Mixed Bag Of Q4 & Cautious Outlook
閱讀: 飛向艱難的空中：捷藍航空的第四季度喜憂參半，前景謹慎
Meanwhile, Southwest Airlines is expected to benefit from its network restructuring, and that of its competitors, and the company has not been impacted by any of the issues that have led to grounded aircraft among its competitors, says the analyst.
同時，分析師表示，預計西南航空將受益於其及其競爭對手的網絡重組，該公司並未受到任何導致競爭對手停飛的問題的影響。
Also Read: Southwest Reports Mixed Q4 Results, 2024 Outlook Remains Optimistic
另請閱讀: 西南航空公佈的第四季度業績喜憂參半，2024年前景仍然樂觀
Regarding the airline industry, the analyst says that the outlook for domestic capacity in 2024 has significantly changed over the past four months, with most airlines moderating their growth plans following an over-supplied domestic market scenario in the second half of 2023.
關於航空業，分析師表示，2024年的國內運力前景在過去四個月中發生了重大變化，在2023年下半年國內市場供過於求之後，大多數航空公司都放寬了增長計劃。
Also, some carriers are rethinking their 2024 growth plans due to weak earnings, and industry supply has also "taken a hit" on various manufacturing-related issues, resulting in grounded aircraft.
此外，由於收益疲軟，一些航空公司正在重新考慮其2024年的增長計劃，行業供應也因各種製造相關問題 “受到打擊”，導致飛機停飛。
Overall, Linenberg expects domestic capacity growth to be about 4.5% in the first half of 2024 and projects second-half 2024 growth to be lower than the first half of the year.
總體而言，林嫩伯格預計，2024年上半年國內產能增長約4.5％，並預計2024年下半年的增長將低於上半年。
The analyst sees more moderate domestic available seat mile growth for 2024, resulting in positive domestic unit revenue performance, and can translate into strong top-line performance for the domestic-focused names.
該分析師預計，2024年國內可用座位里程增長將更爲溫和，這將帶來積極的國內單位收入表現，並可能轉化爲以國內爲重點的公司的強勁營收表現。
Photo Courtesy: Robin Guess On Shutterstock.com
照片由 Shutterstock.com 上的 Robin Guess 提供