Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

Merrill Boosts Delta Air to 'Near-Term Accumulate'


Merrill Lynch upgraded Delta Air Lines (DAL) and Alaska Air (ALK) to near-term accumulate and upgraded Atlantic Coast (ACAI) to long-term buy from accumulate.

Analyst Michael Linenberg says he's encouraged by government steps to bolster the airline industry's financial condition and enhance airport safety. Still, if passenger travel stays as is, more capacity cuts are likely. He thinks the near term also may be adversely impacted by more video-conferencing and corporate jet usage. He sees a $6.5 billion 2001 revenue loss, and a $3.5 billion 2002 loss. Linenberg suggests investors focus on carriers with the best balance sheets and ample liquidity (e.g. Alaska Air and Delta), and defensive players like Atlantic Coast.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus