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Bloomberg
US airline investors may see the three legacy carriers perform differently in the near future, Morgan Stanley analyst Rajeev Lalwani wrote in a note.
United Continental Holdings Inc is likely to see upside to earnings, while American Airlines Group Inc may observe a cost reset from labour, Lalwani said. Shares of Delta Air Lines’s has finally started getting some credit for its leadership and the stock has outperformed peers, he added. He upgraded United to a buy-equivalent rating
and downgraded American to a sell-equivalent.