US Airlines 2Q23 Earnings Preview: Exploring Upsides Amid Lowered Fuel Forecasts and Robust Summer Demand
Portfolio Pulse from Anusuya Lahiri
Raymond James analyst Savanthi Syth updated estimates for US airlines ahead of 2Q23 earnings reports, with increased 2023E-25E EPS due to lowered fuel price forecasts. She sees an upside for American Airlines (AAL) and Allegiant Travel (ALGT), and anticipates a $0.50 increase in Delta Air Lines' (DAL) 2023 EPS guide.
June 26, 2023 | 7:52 pm
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American Airlines sees an upside due to lowered fuel price forecasts, but remains rated as Market Perform by Raymond James analyst.
The analyst sees an upside for American Airlines due to lowered fuel price forecasts, which will positively impact their earnings. However, the stock remains rated as Market Perform, indicating a neutral stance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Allegiant Travel has the lowest upside among Strong Buy- and Outperform-rated stocks, but offers the most significant upside to 3Q23 consensus EPS.
The analyst believes that Allegiant Travel offers the most significant upside to 3Q23 consensus EPS, despite having the lowest upside among Strong Buy- and Outperform-rated stocks. This indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Delta Air Lines is expected to see at least a $0.50 increase in its 2023 EPS guide due to YTD performance and strength in international markets.
The analyst anticipates a $0.50 increase in Delta Air Lines' 2023 EPS guide due to the company's YTD performance and strength in international markets. This indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100