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Monday, Jul 22
U.S. Airways (LCC +0.1%) remains Imperial Capital's top pick in airlines following recent...
U.S. Airways (LCC +0.1%) remains Imperial Capital's top pick in airlines following recent updates showing industry traffic and unit revenue growth slowed in Q2. Catalysts include expected approval of its merger with American Airlines. The dispute over American Air's share of slots at Reagan National will be settled without delaying the merger or affecting the combined entity's profitability. Another pick is Brazilian low-cost carrier Gol Linhas (GOL), with consensus not appreciating the impact of capacity cuts being made by the airline and its main competitor Latam Airlines Group (LFL).