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Why Is Everybody Down On The Legacy Airlines?

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  • The airline sector reached new 2015 lows.
  • IATA raised the projections for 2015 airline profits.
  • Raymond James downgrades hit the legacy airline stocks hard, but the forecasts are actually very bullish for the stocks.
At the same time that the IATA dramatically raised its estimate for global airline profits, an analyst firm downgraded the legacy airline stocks crashing them to recent lows. While some capacity concerns have propped up this year, one has to wonder why so much fear exists in stocks trading at exceptionally low PE multiples.

Read the full article on Seeking Alpha.


Disclosure: Long AAL. Please review the disclaimer page for more details. 



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