Markets & Finance

BB&T Downgrades Pinnacle Airlines


BB&T Capital downgrades Pinnacle Airlines (PNCL) to hold from buy.

Analyst Anthony Cristello says while he believes the company's low-cost model and improving balance sheet will afford it more future growth, near-term growth opportunities are somewhat limited right now without participation in jet awards from Northwest Airlines.

He notes under Northwest's new pilot agreement, it will award 40 new 50-seat jets to regional operators. Unfortunately, existing Airlink partners Pinnacle and Mesaba are prohibited from receiving any new growth. For now, he expects limited upside in Pinnacle until a clearer path for long-term growth is established.


Burger King's Young Buns
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus