The Latest Breaking News from Savanthi Syth

Fuel price volatility has prompted airlines across the globe to hike passenger fares and baggage fees to ​recover higher costs, as well as cut flight frequency ⁠and routes ‌to limit fuel usage.

COVID, a failed merger, and now a spike in jet fuel prices have conspired to make Spirit's finances unworkable.

Raymond James analyst Savanthi Syth upgraded Frontier Group Holdings Inc (NASDAQ:ULCC) to Outperform from Market Perform while maintaining the same price target of $14 (an upside of 45%). The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity…

Raymond James analyst Savanthi Syth lowered the price target for Delta Air Lines, Inc's (NYSE:DAL) to $50 (an upside of 73%) from $53 while maintaining the Strong Buy rating on the shares. The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and…

Raymond James analyst Savanthi Syth updated ratings and price targets for a few U.S. airlines and revised the estimates. The analyst states that the revised U.S. airline estimates reflect a stronger near-term revenue trend, stubbornly higher fuel prices, anticipated demand softening, and planned and expected capacity growth moderation.

Although U.S. airline companies are poised for a stronger near-term revenue trend, they face elevated fuel prices, a potential demand softening and capacity growth moderation, according to Raymond James. Southwest Airlines

Raymond James analyst Savanthi Syth lowered the price target on Copa Holdings (NYSE:CPA) to $110 (an upside of 42%) from $115 while maintaining the Strong Buy rating on the shares. Copa is a Panamanian holding company consisting of Copa Airlines and Copa Colombia. The analyst revised the forecast to reflect higher fuel price forecasts, particularly…

How much longer will airline travelers and subway riders have to wear face masks

Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ:MESA) to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds. Syth says the magnitude of the impact on earnings appears to be greater than anticipated. Syth further mentions that much of this headwind should ease in early 2023, though…