Deutsche Bank Lowers 2011/12 Higher Oil Forecast (AAI, ALGT, ALK, AMR, DAL, HA, JBLU, LCC, LUV, PNCL, SKYW, UAL)

Deutsche Bank has released a research report that once again revises itsestimates on higher oil.

In the report, Deutsche Bank writes, "We are raising our jet fuel price outlook for 2011/12 due to turmoil in the Middle East/North Africa, and therefore, lowering our 2011/12 EPS estimates and price targets for most of our stocks. However, the overall bottom-line impact is partially offset by better-than-expected revenue due to several recent successful fare increases (5 - 6 year-to-date as of last count)."

Deutsche Bank later adds, "We are raising our 2011 all-in jet fuel price assumption to $3.30/gal from $2.75/gal and our 2012 all-in jet fuel price assumption to $3.40/gal from $2.81/gal (both forecasts are inclusive of 15 cents/gallon taxes/into-plane costs)."

Companies featured in this report include AirTran Holdings (NYSE: AAI), Allegiant Travel Col. (NASDAQ: ALGT), Alaska Air Group Inc (NYSE: ALK), AMR Corporation (NYSE: AMR), Delta Air Lines Inc (NYSE: DAL), Hawaiian Holdings Inc (NYSE: HA), JetBlue Airways Corp. (NASDAQ: JBLU), US Airways Group (NYSE: LCC), Southwest Airlines (NYSE: LUV), Pinnacle Airlines Corp. (NASDAQ: PNCL), SkyWest Inc (NASDAQ: SKYW), and United Continental (NYSE: UAL).