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

Bear Stears Ups AMR Corp. to 'Market Weight'


Bear Stearns upgraded American Airlines parent AMR Corp. (AMR) and the airline sector to market weight from underweight.

Analyst David Stine says it's unlikely that airlines will face simultaneous occurences of war, SARS, and high oil prices over the next 12 months, as they have recently endured. Also, if the economy picks up and business traffic improves, carriers could see unit revenue relief.

Stine thinks labor deals and ongoing movement on labor costs lowers the risk of bankruptcy, and serves as a catalyst for progress on other elements of operating expenses. He notes pricing still is abysmal, but he thinks investors could have the chance to participate in the beginnings of a turnaround.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus