Dahlman Rose downgrades most airline stocks (airline index XAL -0.8%), citing higher fuel costs...
Dahlman Rose downgrades most airline stocks (airline index XAL -0.8%), citing higher fuel costs and the potential for less demand following fare hikes. Even with airlines down already this year, Dahlman expects weak Q1 earnings will stall any rebound. These shares are downgraded: DAL +1.9%, UAL +0.3%, AMR -2.9%, LCC -2%, JBLU -2.6%, HA +0.3%, RJET -4.1%, CPA -1.1%, WJA -1%.
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