** Shares of major North American airline carriers fall in premarket trading after Jefferies downgrade ** Southwest Airlines LUV.N leading losses with 2.7% decline, while Delta Air Lines DAL.N is down 1.42%; American Airlines AAL.O down 1.71% and United Airlines UAL.O falls 1.30%
** Jefferies downgrades AAL and DAL to "hold" from "buy", while cuts LUV to "underperform" from "hold"
** Brokerage says corporate and consumer sentiment to remain soft due to macro uncertainty ** Brokerage also downgrades Air Canada AC.TO to "underperform" from "hold"
Company | Current PT | Prior PT |
Southwest Airlines | $28 | $30 |
Delta Air Lines | $46 | $85 |
American Airlines | $12 | $20 |
United Airlines | $80 | $154 |
Air Canada | C$12 | C$18 |
(Reporting by Rashika Singh in Bengaluru)
((Rashika.singh@thomsonreuters.com))
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