Deutsche Bank analyst Michael Linenberg presented the June quarter preview for the airline industry. The analyst writes that U.S. domestic air travel hit a record high in the first half of 2024, with TSA screenings up 7.4% Y/Y. The analyst adds that airlines performed well operationally in the June quarter, showing significant improvement from a year ago. The sector is expected to post strong June quarter results with 4% top-line growth to $62 billion (on 7% more capacity), $6.2 billion operating profit, and an operating margin of ~10%, writes the analyst. However, the analyst projects most of the industry’s top-line growth and operating profit to come from full-service carriers. Linenberg expects American Airlines Group Inc. (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL), and United Airlines Holdings, Inc. (NASDAQ:UAL) to account for 92% of June quarter 2024 top-line growth and 91% of operating profit. The analyst reiterated the Buy rating on these stocks. In summary, the analyst supports United Airlines ...