- Imperial Capital isn't getting too carried too away with United Continental's (UAL +2.9%) strong report on per-seat revenue for December which lit up the whole sector yesterday.
- The firm notes a late Thanksgiving and a mass cancellations during the month skewed traffic and revenue metrics for the entire industry.
- Still, there's little question that capacity rationalization and stable fuel price trends point to a favorable environment for shares prices to run higher. Imperial favors Delta Air Lines (DAL +0.6%) and American Airlines Group (AAL -0.4%) as its top sector picks.
Imperial Capital weighs in on the red-hot airline sector
Jan 10 2014, 14:42 ET