Michael Derchin

Delta Air Lines, Inc. (NYSE: DAL) reported forecast-beating fourth-quarter earnings and in-line revenues Tuesday, leading three sell-side analysts to reiterate their stances on the airline equity.  The Analysts Buckingham Research Group analyst Daniel McKenzie maintained a Buy rating on...

Despite some recent headwinds, one Wall Street analyst said Wednesday U.S. airline stocks are cleared for takeoff in 2019. The Analyst Imperial Capital analyst Michael Derchin made the following rating and target changes to his airline stock coverage: Delta Air Lines, Inc. (NYSE: DAL) downgraded...

The bullish case for Alaska Air Group, Inc. (NYSE: ALK), a U.S.-based airliner that flies to more than 115 destinations across the U.S., Mexico, Canada and Costa Rica, can now be made, according to Imperial Capital. The Analyst Imperial Capital's Michael Derchin upgraded Alaska Air from In-Line...

Mesa Air Group, Inc. (NASDAQ: MESA) has eliminated many of the risks that once threatened its business and has five catalysts that make it a buy, Imperial Capital said in a bullish initiation.  The Analyst Imperial Capital analyst Michael Derchin initiated coverage of Mesa Air Group with...

Imperial Capital changed course on airline stocks Friday by turning bullish on American Airlines Group Inc (NASDAQ: AAL) and downgrading Southwest Airlines Co (NYSE: LUV). The Analyst Imperial Capital's Michael Derchin upgraded American Airlines Group from In-Line to Outperform with a...

Controladora Vuela Co Avcn SA CV (ADR) (NYSE: VLRS), the parent company of low-cost Mexican airline Volaris, recently reported first-quarter results that showed a loss for the quarter, while its operating revenues were up merely 2.7 percent year-over-year. The results were hurt by...

Shares of Spirit Airlines Incorporated (NYSE: SAVE) have lost more than 25 percent over the past year. The airline's fourth-quarter results led an Imperial Capital analyst to conclude that Spirit shares are trading at a discount.  The Analyst Imperial Capital's Michael Derchin...

Reviewing Delta Air Lines, Inc. (NYSE: DAL)'s third quarter results, Imperial Capital upgraded shares of the airline and raised its price target, with the new price target implying 19 percent upside from current levels. The firm attributed the actions to higher unit revenues. The firm upgraded...

Hawaiian Holdings, Inc. (NYSE: HA) shares plummeted after a second-quarter earnings miss. The miss didn't deter imperial Capital, however, maintaining its Outperform rating and $74 price target, while raising its Q3 EPS estimates on higher unit revenues and lower jet fuel prices. According to...

Imperial Capital in a note Wednesday said it believes fundamentals and expectations are peaking for United Continental Holdings Inc (NYSE: UAL), Delta Air Lines, Inc. (NYSE: DAL) and American Airlines Group Inc (NASDAQ: AAL). This follows almost eight years of economic expansion. Giving the...

Amid the recent pullback in airline stocks, Imperial Capital retained its In-Line ratings on the Big 3 airlines: American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL) and United Continental Holdings Inc (NYSE: UAL). Imperial’s best ideas are Outperform-rated JetBlue...

In their February traffic releases, both JetBlue Airways Corporation (NASDAQ: JBLU) and Southwest Airlines Co (NYSE: LUV) indicated declines in RASM [Revenue Per Available Seat Mile]. In separate reports, Imperial Capital’s Michael Derchin lowered Q1 estimates for both airline companies....

Imperial Capital’s Michael Derchin believes fiscal year 2017 will be a transition year for Delta Air Lines, Inc. (NYSE: DAL), “in light of escalating costs and slower than expected PRASM (Passenger Revenue per Available Seat Mile) improvement.” The analyst maintains an In-Line...

Airline stocks have been weighed down by the recent Executive Order (EO) that changed requirements for entry into the U.S. from seven countries. The recent Executive Order on Entry, colloquially called an immigration ban, and its consequences have reinforced Imperial Capital’s cautious view...

During its Q4 2016 earnings call, JetBlue Airways Corporation (NASDAQ: JBLU) indicated that its Q1 2017 revenue per available seat mile would likely be lower than was earlier anticipated. The subsequent selloff in the company’s stock “presents a compelling opportunity,” Imperial...