Latest news with #StephenTrent
CNBC
a day ago
- Business
- CNBC
Citi's Stephen Trent on the state of the airlines sector, travel demand and M&A outlook
Stephen Trent, Citi airline analyst, joins 'Squawk Box' to discuss the state of the airlines sector, Newark Airport problems, airline's frequent flyer programs, M&A outlook, and more.
Yahoo
23-05-2025
- Business
- Yahoo
Citi Upgrades Air Lease (AL) stock, Lifts PT to $68
On May 20, Citi analyst Stephen Trent revised the outlook on Air Lease Corporation (NYSE:AL)'s stock, upgrading the rating from 'Neutral' to 'Buy' and raising the price objective from $45.00 to $68.00. The upgrade comes after Air Lease Corporation (NYSE:AL), which is an aircraft leasing company, adopted a new capital allocation strategy, which focuses on shareholder value via potential share buybacks and acquisitions. Therefore, the company will not be focusing on its traditional approach of organic growth with the help of direct purchases from aerospace manufacturers. The analyst highlighted that the company will continue to explore such new avenues. A passenger jet taking off, representing the company's commitment to air transportation services. Overall, the change in stance exhibits the firm's confidence in Air Lease Corporation (NYSE:AL)'s new direction and its ability to improve shareholder returns. Overall, the company continues to benefit from strong global aircraft demand in leasing and aircraft trading amidst persistent aircraft supply constraints. Air Lease Corporation (NYSE:AL) has had a healthy Q1 2025, thanks to fleet expansion, strong sales gains, and insurance settlements related to its aircraft in Russia. While we acknowledge the potential of AL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Citi Upgrades Air Lease (AL) stock, Lifts PT to $68
On May 20, Citi analyst Stephen Trent revised the outlook on Air Lease Corporation (NYSE:AL)'s stock, upgrading the rating from 'Neutral' to 'Buy' and raising the price objective from $45.00 to $68.00. The upgrade comes after Air Lease Corporation (NYSE:AL), which is an aircraft leasing company, adopted a new capital allocation strategy, which focuses on shareholder value via potential share buybacks and acquisitions. Therefore, the company will not be focusing on its traditional approach of organic growth with the help of direct purchases from aerospace manufacturers. The analyst highlighted that the company will continue to explore such new avenues. A passenger jet taking off, representing the company's commitment to air transportation services. Overall, the change in stance exhibits the firm's confidence in Air Lease Corporation (NYSE:AL)'s new direction and its ability to improve shareholder returns. Overall, the company continues to benefit from strong global aircraft demand in leasing and aircraft trading amidst persistent aircraft supply constraints. Air Lease Corporation (NYSE:AL) has had a healthy Q1 2025, thanks to fleet expansion, strong sales gains, and insurance settlements related to its aircraft in Russia. While we acknowledge the potential of AL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AL and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and 11 Unstoppable Growth Stocks to Invest in Now Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-04-2025
- Business
- Yahoo
Airlines must focus on 'self-help' amid tariff woes
Several airlines, such as American Airlines (AAL), Southwest Airlines (LUV), and Delta Air Lines (DAL), are withdrawing their full-year guidance as booking trends remain uncertain and economic pressures grow. Citi managing director Stephen Trent joins Morning Brief to discuss how airlines should be navigating tariff-fueled economic uncertainty. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. If negotiations were to hit as early as tomorrow here, does American Airlines come out with new guidance and how do you rate the decision to pull forward guidance at the moment? Yes, good morning and thank you for having me. Um I think if negotiations were to occur tomorrow, um I'm not so sure it would be as simple as uh flipping a switch. I do think though, uh that uh at least sometime forward that the airline would be able to uh get back to offering some full year guidance. Uh because some of these uh bookings occur a lack of course. So, uh maybe you would need at least a couple of weeks of evidence to see that uh booking trends are stabilizing. You know, Steve, I think you point out something really key in that it's it's going to take a lot to kind of turn or reroute the plane once it's in the sky because you're thinking about kind of a few things here. Number one, it's the capacity side that pretty much every major airline has said we're going to kind of pull back some of the acceleration of our own capacity growth and also at the same time that means that we're going to rely on natural attrition and perhaps not hire as aggressively for that capacity. Plus on the aircraft side, they're all sounds like not willing to take delivery of any aircraft if that means that there's going to be a tariff that's also going to be slapped on it as well. So how many quarters could this be in what these airlines are talking about right now, how many quarters could it have a lingering impact as well? Yeah, great question. And look, I think the tariffs, uh the economic uncertainty that we're going through today, unfortunately was certainly not anticipated a couple of months ago. Um American, Delta and others have strongly telegraphed uh that they're not going to pay tariffs on these planes. Um so in terms of how long it lasts, it's really hard to to tell, you know, putting on sort of my my top down economics hat. Um, you know, what self-help can the airlines deliver over that period? One easy place of self-help uh is to manage capacity. Uh and what you could see for example, um if the uh economic rebound is a little slower than expected, there's wiggle room to retire aircraft. There's wiggle room to um reduce off-peak flying, uh attrition, hiring freezes and this kind of thing. Um looking at the space overall, I would still say the network carriers because of premium cabin international long haul and co-branded credit card look much better positioned uh than the discount airlines. Sign in to access your portfolio
Bloomberg
10-04-2025
- Business
- Bloomberg
Delta Earnings Report 'Was Pretty Good': Citi's Trent
Citi Equity Analyst and Managing Director Stephen Trent says "all things considered" the Delta earnings report "was pretty good." He speaks with Romaine Bostick, Alix Steel and Scarlet Fu on "The Close." (Source: Bloomberg)
