Why United Continental, Delta are Better Bets Than American Airlines

Evercore ISI’s Duane Pfennigwerth and Jeffrey Eisenberg cut American Airlines (AAL) to Hold from Buy. Among the reasons: Delta Air Lines (DAL), United Continental (UAL) and Southwest Airlines (LUV) are just better bets. They explain why: Reuters On American we modestly reduce ’16 estimates despite far larger 3Q buyback. We see FCF breakeven in ’16 […]