Zacks Investment Research | Sep 28, 2016 03:37AM ET
The past week was a busy one for the airlines sector. Last week various media reports indicated the possibility of the proposed acquisition of California-based carrier, Virgin America (NASDAQ:VA) by Alaska Air Group, Inc. (NYSE:ALK) may be in trouble. As a result, Virgin America shares declined sharply on Sep 22.
Apart from updates on the merger, low-cost carrier JetBlue Airways (NASDAQ:JBLU) grabbed headlines on account of its codeshare deal with Cape Air.
During the past week, American Airlines Group (NASDAQ:AAL) also came into focus. According to various media reports, Raymond James downgraded the stock on valuation grounds. Furthermore, a Bloomberg report indicated that Delta Air Lines Inc. (NYSE:DAL) is considering options to introduce larger regional jets into its fleet.
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