Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Bear Stearns Upgrades AMR Corp. to 'Outperform'

Bear Stearns upgraded American Airlines parent AMR Corp. (AMR) to outperform from peer perform.

Analyst David Strine says his higher earnings estimates for the airline industry now exceed consensus forecasts for each of the U.S. carriers. He cited better-than-expected unit revenue performance as well as a sense of slightly better traction on cost cutting. He sees fourth-quarter booked loads up in the low- to mid-single digits, with yield up mildly (1% on average amongst carriers).

Strine He says AMR is the most preferred of the major carriers; the 2004 targets across the sector imply average a return north of 25%. He narrowed the $1.30 third-quarter loss estimate on AMR to a 40 cents loss, and cut the $1.55 fourth-quarter loss estimate to a $1.30 loss.

blog comments powered by Disqus