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Silver Airways, a regional budget airline carrier known for connecting Florida with the Bahamas and Caribbean, ceased operations Wednesday morning following prolonged bankruptcy proceedings that failed to secure a path forward.
While Silver Airways is not a public company, its closure still sent ripples through the broader airline industry.
The airline, headquartered in Hollywood, Florida had been under financial strain for months. It filed for Chapter 11 bankruptcy protection in December, burdened with more than $500M. Despite efforts to restructure and find a buyer, no deal materialized.
As a result, Seeking Alpha spotlighted how SA analysts view other airline carriers in a curated list ranked by SA analyst ratings. Moreover, the list covers the top 10 U.S. carriers with market caps of at least $1B.
No.10: Southwest Airlines (NYSE:LUV), SA analyst rating of 2.66.
No. 9: American Airlines Group (NASDAQ:AAL),SA analyst rating of 2.70.
No. 8: Wheels Up Experience (NYSE:UP), SA analyst rating of 3.00.
No. 7:JetBlue Airways (NASDAQ:JBLU), SA analyst rating of 3.00.
No. 6: Alaska Air Group (NYSE:ALK), SA analyst rating of 3.00.
No. 5: Allegiant Travel Company (NASDAQ:ALGT), SA analyst rating of 3.00.
No. 4:Joby Aviation (NYSE:JOBY), SA analyst rating of 3.62.
No. 3: Delta Air Lines (NYSE:DAL), SA analyst rating of 3.75.
No. 2:United Airlines Holdings (NASDAQ:UAL), SA analyst rating of 4.00.
No. 1:SkyWest, Inc. (NASDAQ:SKYW), SA analyst rating of 4.00.
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