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
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.
德意志银行分析师迈克尔·林恩伯格上调了几只航空公司股票，并重申了对少数航空公司的评级，原因是预计拥有庞大国内网络的主要航空公司将受益于更加平衡的国内供应背景。
In particular, the analyst upgraded Alaska Air Group Inc (NYSE:ALK) to Buy from Hold at an increased price target of $51 (from $44).
特别是，该分析师将阿拉斯加航空集团公司（纽约证券交易所代码：ALK）从持仓上调至买入，目标股价从44美元上调至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，林伯格将捷蓝航空公司（纳斯达克股票代码：JBLU）的评级提高至持有买入，并将目标股价从4美元上调至9美元（从4美元），将西南航空公司（纽约证券交易所代码：LUV）的评级提高至持有买入，目标股价为42美元（从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).
对于阿拉斯加航空而言，分析师表示，该公司季节性塑造举措的好处太大了，不容忽视，并认为2024年每股收益估计值为4.00美元（共识平均每股收益为4.21美元）有上行盈利风险。
Also Read: Alaska Air Warns Boeing Fleet Grounding Incident To Hit 2024 Earnings By $150M
另请阅读: 阿拉斯加航空警告波音机队停飞事件将使2024年的收益减少1.5亿美元
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.
对于捷蓝航空，林恩伯格写道，高级管理层的变动和激进分子（最近获得了两个董事会席位）的参与构成了不利因素。
Read: Flying Into Rough Air: JetBlue Airways' Mixed Bag Of Q4 & Cautious Outlook
阅读: 飞向艰难的空中：捷蓝航空的第四季度喜忧参半，前景谨慎
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.
同时，分析师表示，预计西南航空将受益于其及其竞争对手的网络重组，该公司并未受到任何导致竞争对手停飞的问题的影响。
Also Read: Southwest Reports Mixed Q4 Results, 2024 Outlook Remains Optimistic
另请阅读: 西南航空公布的第四季度业绩喜忧参半，2024年前景仍然乐观
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.
关于航空业，分析师表示，2024年的国内运力前景在过去四个月中发生了重大变化，在2023年下半年国内市场供过于求之后，大多数航空公司都放宽了增长计划。
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，由于收益疲软，一些航空公司正在重新考虑其2024年的增长计划，行业供应也因各种制造相关问题 “受到打击”，导致飞机停飞。
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.
总体而言，林嫩伯格预计，2024年上半年国内产能增长约4.5％，并预计2024年下半年的增长将低于上半年。
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.
该分析师预计，2024年国内可用座位里程增长将更为温和，这将带来积极的国内单位收入表现，并可能转化为以国内为重点的公司的强劲营收表现。
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