ABC News - Oct 20, 2009Alaska Air Group, Inc. (ALK)
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Michael Linenberg
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Banc of America/Merrill LynchThe airline posted a net loss of $86.5 million, or $2.40 a share, in the third quarter of 2008 on sales of nearly $1.07 billion.
ANALYST TAKE: Merrill Lynch analyst Michael Linenberg said in an Oct. 9 research note that his firm's 12 month price goal for Alaska Air Group is $40 a share. He said fuel price volatility is, by far, the biggest risk for Alaska in achieving his earnings forecast and price objective. "Alaska also faces new competition on some of its key routes as well as one of the highest unit labor costs among U.S carriers," he wrote.
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The airline posted a net loss of $86.5 million, or $2.40 a share, in the third quarter of 2008 on sales of nearly $1.07 billion. <span class="sent"> ANALYST TAKE: Merrill Lynch analyst <span class="analyst">Michael Linenberg</span> said in an Oct. 9 research note that his firm's 12 month price goal for <span class="company">Alaska Air Group</span> is $40 a share. </span> He said fuel price volatility is, by far, the biggest risk for Alaska in achieving his earnings forecast and price objective. "Alaska also faces new competition on some of its key routes as well as one of the highest unit labor costs among U.S carriers," he wrote.
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