most airline stocks are down as of this hour today based on a flat overall market. The one exception is LCC which continues to have an inflated stock price based on expectations of a merger. yet, history in many sectors shows that stock prices often are higher before a merger is announced only to fall after the announcement when the reality of what it takes to make a merger work set in.
US revenue is up slightly more than DL - only about 1% - based on increased flying but US RASM continues to trail DL, and more recently, AA.
DL remains the highest valued airline stock in the US, more than 4X higher than LCC even though DL is not 4 times larger than US, and DL is among the top airlines in the world based on stock market value.
Based on the costs which AA projected in its early BK filings, it expects to have costs in line with DL's whose mainline costs are the lowest among the network carriers that have reported so far - AA, DL, and LCC and within 1% of WN's.
AA's mainline costs per available seat mile (ex fuel, profit sharing, specials) in the most recent quarter are 13% higher than DL's. US' mainline costs are about 2% higher than DL's on the same basis.
Obviously AA costs will continue to move in BK; DL said it intended to pull about $1B in costs out.
LCC's conference call w/ analysts is in progress and will include guidance regarding future costs, revenue etc.