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Examples
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Jim Corridore, an airline analyst at Standard & Poor's Equity Research, thinks United Continental has an advantage with hubs in bigger markets, such as Chicago and Los Angeles.
Delta Refocuses Mike Esterl 2010
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"It's a potentially major change, but I don't think consumers are focused on it and it won't register until the service goes away," said Jim Corridore, analyst with S&P Capital IQ, who tracks the shipping industry.
U.S. Postal Service Faces Bankruptcy, Plans Cuts To Slow Delivery Of First Class Mail 2011
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Corridore thinks 2007 will prove a better year for the industry, with strong revenue growth driven in by a record percentage of seats filled on average, strong passenger demand, and rising prices.
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Corridore maintained his 2007 earnings estimate of $6.80 per share, at the high end of management's guidance.
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Corridore maintained a $40 price target on the stock.
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Corridore thinks 2007 will prove a better year for the industry, with strong revenue growth driven in by a record percentage of seats filled on average, strong passenger demand, and rising prices.
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Taken together, U.S. Airways' first quarter warranted an upgraded rating from Corridore to "buy" from "hold" on company shares.
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"FedEx is still seeing a strong U.S. economy," Corridore wrote in a note to investors Wednesday, "and we expect international growth to remain extremely robust."
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Overall, the picture at Boeing is a good one, Corridore said, with the brightest spot being Boeing's civilian aerospace business.
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However, Corridore saw the forecast as conservative and raised his 2006 estimates to $3.60 from $3.40.
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