U.S. Airlines Jump Most Since 2014 as Deutsche Bank Says Buy
- Shares are set to rise after first-half rout, Linenberg says
- American, United lead index after reporting positive news
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U.S. airlines surged by the most since late 2014 after Deutsche Bank AG recommended buying shares in the three largest carriers.
American Airlines Group Inc., Delta Air Lines Inc. and United Continental Holdings Inc. will rebound as they advance “in fits and starts” toward halting a slide in passenger revenue for each seat flown a mile, a key industry benchmark, Michael Linenberg, an analyst at Deutsche Bank, said in a report Tuesday. The industry is poised to benefit from slowing capacity growth, currency shifts and a decent economy, he said.