Airlines Going Under Review
We are reassessing our key valuation assumptions for United, Southwest, Delta, American, and Air Canada in the wake of the coronavirus outbreak.
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Global air traffic has materially slowed in the wake of the coronavirus outbreak, which we expect will adversely affect near-term revenue growth, profitability, and cash flows for the airlines we cover. As a result, we are putting our fair value estimate for United Airlines (UAL) under review as we reassess our key valuation assumptions.
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Burkett Huey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.