Tuesday, UBS assumed coverage on American Airlines (NASDAQ:) with a Neutral rating and set a price target of $16.00. The firm highlighted American Airlines as a major network carrier, benefiting from its international reach and a strong loyalty program. However, the airline’s Revenue per Available Seat Mile (RASM) has not kept pace with its peers such as Delta Air Lines (NYSE:) and United Airlines (UAL), trailing by 270 basis points over the past five quarters.
According to UBS, American…
Boutique Travel VC raises investment cap from $1.5M to $10M to lead rounds and support portfolio companies through growth Travel...
Read moreDetails
