Reported 4 months ago
Jefferies downgraded American Airlines from a Buy to a Hold rating due to a full-year guidance cut and the departure of the Chief Commercial Officer, while they upgraded United Airlines to Buy from Hold based on its international travel strengths. American Airlines is facing challenges with its strategy execution and recent missteps, while United Airlines is praised for its durable free cash flow and strong international business, with potential for success domestically as well.
Source: YAHOO