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

Goldman Ups Southwest Air Rating, but Cuts AMR


Goldman Sachs raised its investment opinion on Southwest Airlines (LUV) to outperform on Thursday, but downgraded American Airlines' parent company AMR (AMR) to in-line amid fuel-price concerns in the wake of Hurricane Katrina.

Analyst Glenn Engel sees Southwest Airlines as the least impacted among airlines from rising fuel prices and the greatest beneficiary from increased probability of industry consolidation, but sky high fuel prices make it unlikely that AMR can earn enough to support a further rise in its stock price. Engel noted that through July, revenue numbers had been improving faster in the airline industry than oil prices could climb, but he thinks that such surprises are unlikely to continue into the fall.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus