NEW YORK (AP) -- The nation's legacy airlines, previously cast aside by some investors, are suddenly hot again.
So far this earnings season, it's been the old-line hub carriers churning out strong profit reports and topping analysts' expectations. Low-cost competitors, meanwhile, have fallen short of Wall Street forecasts or announced scaled-back growth plans.
http://biz.yahoo.com/ap/061025/market_spot...lines.html?.v=1
"Put differently, investment bankers typically eschew Live TV and chipper flight attendants in favor of larger, more expensive seats and, well, less chipper flight attendants," JP Morgan analyst Jamie Baker wrote in a recent research report.
So far this earnings season, it's been the old-line hub carriers churning out strong profit reports and topping analysts' expectations. Low-cost competitors, meanwhile, have fallen short of Wall Street forecasts or announced scaled-back growth plans.
http://biz.yahoo.com/ap/061025/market_spot...lines.html?.v=1
"Put differently, investment bankers typically eschew Live TV and chipper flight attendants in favor of larger, more expensive seats and, well, less chipper flight attendants," JP Morgan analyst Jamie Baker wrote in a recent research report.
