-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：LUV公佈的第一季調整後每股收益為0.45美元，而去年同期虧損0.13美元，但低於市場普遍預期的0.48美元。總營收為72.5億美元（年增12.8%），低於市場普遍預期的72.8億美元，主要得益於客運收入增長13.4%和每可用座位英里收入（RASM）增長11.2%。該公司展現了成本控制能力，維護費用下降11.3%，其他營運成本下降1.9%，有效抵銷了燃油成本上漲帶來的1.64億美元額外支出。第二季每股收益預期中位數為0.50美元，低於市場普遍預期的0.62美元。管理層拒絕更新2026年全年每股收益預期，先前的目標為4.00美元。我們認為，隨著LUV從沿用54年的開放式座位政策過渡到指定座位政策，票價與客流量之間的關係值得密切關注。我們認為，成本控制有助於實現目前的每股盈餘預期，但要達到先前的業績指引可能較為困難。在此轉型期間，公司擁有33億美元的現金、15億美元的信貸額度以及165億美元的未抵押資產，從而保持了資產負債表的靈活性。
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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