An improving industry backdrop and a new credit card deal has Bernstein enthusiastic about American Airlines .
Analyst David Vernon said positive pricing and revenue trends across the industry are reflected in American Airlines' fourth-quarter earnings guidance.
For the year, American Airlines expects to earn as much as $1.60 a share on an adjusted basis, exceeding analyst expectations.
AAL YTD mountain AAL in 2024 "American Airlines [is] closer to a have than a have-not," Vernon wrote in a Monday note.
Of the 23 analysts who cover American Airlines, 15 rate it as a hold, while seven have buy or strong buy ratings, per LSEG.
Persons:
Bernstein, David Vernon, Vernon
Organizations:
American Airlines, Airlines, Citi
Locations:
Monday's, Vernon