Nevertheless, the analyst notes that the negative outlook is only near-term in nature as Deutsche Bank maintains a bullish stance for carriers on the long-run, pointing to strong free cash flows, reports Martin Blanc for BidnessETC.
Linenberg argues that the U.S. airline industry is on track to report record profits and free cahs flow for the year despite international market pressures, but he warned that profits will probably not be as high as previously expected.
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Max Chen contributed to this article.