Jamie Baker

American Airlines Group Inc (NASDAQ:AAL), Alaska Air Group Inc (NYSE:ALK) and Southwest Airlines Co (NYSE:LUV) reported their quarterly results broadly in-line with the tone set by Delta Air Lines Inc (NYSE:DAL) and United Airlines Holdings Inc (NASDAQ:UAL), according to JPMorgan. The Airlines...

Analyst Jamie Baker of JPMorgan trimmed estimates for several U.S. airlines for the second quarter. Delta Air Lines Inc (NYSE:DAL) Rating: Overweight Price Target: $83 Delta remains the "industry leader among full-service airlines," Baker wrote in the note. Before COVID-19, the company generated...

While shares of Spirit Airlines Inc. (NYSE: SAVE) significantly outperformed the sector after the JetBlue Airways Corporation (NASDAQ: JBLU) merger announcement, there is likely to be little progress on the regulatory front until at least the first quarter of next year, according to JPMorgan Chase...

A merger of Spirit Airlines Incorporated (NYSE: SAVE) is “a high probability outcome,” and a merger with JetBlue Airways Corporation (NASDAQ: JBLU) is more likely than with Frontier (NASDAQ: ULCC), according to a JPMorgan analyst.  The Spirit Airlines Analyst: Jamie Baker upgraded...

One of the sectors that has already been dramatically affected by the COVID-19 pandemic is airlines. The sector saw decreased travel due to restrictions and lower margins with new safety procedure costs and in many cases fewer seats available to book. Could things turn out okay for the industry?...

Airline stocks have been flying high since the March market bottom, but one Wall Street analyst said Wednesday that a few of them have flown too high too fast. The Analyst: JPMorgan analyst Jamie Baker double-downgraded the following three airline stocks: JetBlue Airways Corporation (NYSE: JBLU)...

Spirit Airlines, Inc. (NYSE: SAVE) reported third-quarter results on Wednesday along with a "refreshingly differentiated" outlook for the fourth quarter, according to JPMorgan. The Analyst: Jamie Baker upgraded Spirit Airlines from Neutral to Overweight with a price target lifted from $19...

JPMorgan is cautious on the airline industry and reducing its forecasts on the basis of conservative demand.  The Airline Analyst: Jamie Baker upgraded JetBlue Airways (NASDAQ: JBLU) from Underweight to Overweight with a $17 price target.  Baker upgrades United Airlines (NASDAQ...

Spirit Airlines Incorporated (NYSE: SAVE) said Monday that it expects its total revenue per available seat mile, or RASM, to rise around 11 percent in the fourth quarter —nearly double its initial guidance of 6 percent. Raymond James, Bank of America Merrill Lynch and JPMorgan issued notes in...

The airline sector as a whole is poised for its best margin expansion in four years, in part from lower capacity, strong demand a disciplined approach toward fuel costs and no near-term risks to labor costs, according to JPMorgan. The Analyst JPMorgan's Jamie Baker downgraded:...

JPMorgan has issued a wave of downgrades in the airline space, but American Airlines Group Inc. (NASDAQ: AAL) was the lone upgrade in the firm’s latest report. Analyst Jamie Baker said airline investors turned their attention to rising costs in the third-quarter earnings season. “Costs...

Airline stocks are weak Friday following JPMorgan's downbeat assessment of the sector. The firm thinks the current consensus estimates "appear increasingly unachievable" due to current fuel prices and the lack of any apparent vigor in shoring up domestic pricing weakness. As such, the...

Shares of Spirit Airlines Incorporated (NASDAQ: SAVE) have appreciated 33 percent year-to-date, beating the S&P, which has risen 2.6 percent, and almost all of its U.S. airline peers. JPMorgan’s Jamie Baker downgraded the rating on the company from Overweight to Neutral, while raising the...

Low expectations from airlines could actually yield slight upside in the near term, according to a note from JPMorgan, which prefers Overweight names such as American Airlines Group Inc (NASDAQ: AAL), United Continental Holdings Inc (NYSE: UAL) and Delta Air Lines, Inc. (NYSE: DAL). "Given...

Q1 numbers for leading U.S. airlines came in on the low end of the expected range, but the results may end up having an unexpected impact on airline stocks. According to JPMorgan analyst Jamie Baker, the weak results were not bad enough to justify the recent selloff in airline stocks. “...