Susquehanna lifts US airlines PT on 2026 optimism

Allegiant Travel

09/01/2026 14:00

** Susquehanna lifts U.S. airlines PT on optimism for 2026, after a tumultuous 2025

** "We see a constructive fundamental backdrop for the airlines into FY26, with brand loyalty and diverse revenue streams continuing to benefit select carriers," brokerage says

** Brokerage upgrades American Airlines AAL.O to "positive" rating

** Says it expects AAL's revenue initiatives like growing premium products and new Citi co-brand deal to drive margin improvement into FY27

** Brokerage also upgrades low-cost carrier Sun Country Airlines SNCY.O to "positive" rating, citing meaningful margin expansion into FY27

** Following are the new PTs:

Airline
New PT
Old PT
United Airlines UAL.O
$150
$117
Southwest Airlines LUV.N
$45
$35
Delta Air Lines DAL.N
$85
$70
Alaska Airlines ALK.N
$70
$52
Allegiant Airlines ALGT.O
$100
$70
American Airlines AAL.O
$20
$14
Sun Country Airlines SNCY.O
$20
$12
Frontier Airlines ULCC.O
$5
$4

(Reporting by Parth Chandna)

((Parth.Chandna@thomsonreuters.com;))