Finance

JPMorgan upgrades American; lauds legacy airlines above discounters

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JPMorgan upgrades American; lauds legacy airlines above discounters

JPMorgan says US mainline carriers have wrestled the advantage from discounters.Analyst Jamie Baker said that revenue guides from the Big Three carrier were significantly stronger and their margins are solidly higher that their lower-cost rivals. Put simply, he said: ”If a Discounter can’t outea...

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