Airlines Going Under Review
We are reassessing our key valuation assumptions for United, Southwest, Delta, American, and Air Canada in the wake of the coronavirus outbreak.
Editor’s note: Read the latest on how the coronavirus is rattling the markets and what investors can do to navigate it.
Global air traffic has materially slowed in the wake of the coronavirus outbreak, which we expect will adversely affect near-term revenue growth, profitability, and cash flows for the airlines we cover. As a result, we are putting our fair value estimate for United Airlines UAL under review as we reassess our key valuation assumptions.
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