Green finish today...13 Jan 2022 12:01
All American carriers positive.. Expect a green finish here too.
The expected Airline recovery was put on hold during 2021’s latter half as Covid once again disrupted the industry’s comeback.
However, Morgan Stanley’s Ravi Shanker sees “normal service” resuming in 2Q22 and picking up steam in 2H22, laying the groundwork for a “strong” 2023. While the analyst believes the skies will part to include all incumbents, his preference is leaning toward Legacy airlines.
When heavy traffic returns, the analyst sees pent-up demand from corporate/international and the operating leverage afforded by Legacy airlines as reasons why this segment will lead the recovery charge. And Shanker’s preferred Legacy airline stock is Delta Airlines (DAL)
GLA. DYOR.