MESA - Airline sector clipped by Deutsche Bank as it waits out short-term turbulence

Deutsche Bank turns cautious on the airline sector with sweeping downgrades across the sector. Downside risks seen for airlines include valuation resets, booking trends, COVID-19 cases, fuel price volatility, economic weakness, government regulation, taxation and airport constraints. The firm drops Alaska Air (ALK), Allegiant Travel (ALGT), American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), SkyWest (SKYW), Spirit Airline (SAVE), Southwest Airlines (LUV) and United Airlines (UAL) to Hold ratings after having them all slotted at Buy.DB already had Mesa Airlines (MESA) and Hawaiian Airlines (HA) sitting with a Hold rating. As a group, shares are lower in the premarket session, led by a 1.20% decline for Southwest.Earlier this week: Airline booking trends stay weak as recovery timeline pushed back

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Airline sector clipped by Deutsche Bank as it waits out short-term turbulence