BUZZ-Delta most exposed US airline should France travel suffer, Cowen says

Mon Nov 16, 2015 3:39pm EST
 
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** Travel-related stocks slip in wake of attacks in France

** France service represents 3.2 pct of Delta Air Lines' flight capacity, according to Cowen & Co, citing data from market intelligence firm Diio Mi

** In comparison, France service is 3 pct of Air Canada capacity, 1.7 pct for American Airlines, 1.2 pct for United

** Given Delta's joint venture with Air France, it "would be most affected if demand were to suffer," Cowen analyst Helane Becker writes in research note

** Delta down 1.9 pct on Monday afternoon, second-biggest loser in S&P 1500 airlines index, behind 2.1 pct decline for Republic Airways

** American off 1.9 pct, United Continental slips 1.2 pct

** Becker recommends U.S. domestic carriers in near-term for those investors wanting airline exposure