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Old Dec 2, 2014 | 11:24 am
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tcook052
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Air Canada, WestJet among airlines upgraded by Bank of America
http://www.bnn.ca/News/2014/12/1/Air...il-prices.aspx

North American airline earnings will climb 73 percent to $19 billion in 2015 from $11 billion this year, bolstered by lower jet fuel costs, a Bank of America Merrill Lynch analyst forecast.

Glenn Engel raised earnings estimates today for nine U.S. carriers along with Air Canada (AC.TO 1.4%) and WestJet (WJA.TO 2.15%) as a result of the decline in prices for oil, which is refined into jet fuel. Airlines also will benefit as lower energy costs give consumers more discretionary income they may spend on travel, he said.
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