Airlines Eye Rising Max Costs as Boeing Remains Top Analyst Pick

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If the Max grounding persists beyond the March quarter, the airline’s cost structure could face more long-lasting impacts, Goldman Sachs analyst Catherine O’Brien said in a note Wednesday, cutting her price target to $49 from $54. The ongoing pressure on available seat miles, a measure of capacity, is not only expected to hurt revenues, but also raise the costs to 8 percent, which is two points higher than the airline’s guidance.

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