Try to balance the conventional wisdom about airline stocks. Audit Integrity has AMR (AMR) and Continental (CAL) on its list of large American companies most likely to go bankrupt. UBS upgraded several carriers to “buy” from “neutral”, and that has shares in AMR, Continental, US Air (LCC), United (UAUA), and Alaska Air (ALK) trading up sharply. United is trading up almost 6% to $9.34.
The UBS issued the upgrades because the carriers have shown that they can raise capital and because ticket prices may have stopped falling. Some of the airlines carry so much debt that bringing in money may be critical to their survivals. Read More
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