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st in getting long the sector given the attrac=ive valuations, particularly as the majors are expected to produce record free cash flow this year. Delta Airlines is about 20% off from the September high (Source: Bloomberg, Oct-15, 2014) At the same time, the dramatic drop in oil prices will eventually feed i
L. Recall you currently hold the following position: Please let us know should you wish to hold or add to the position. <=ont size="3"> Separately, Vinit / Nav's team in London is highlighting US airlines (m=jors specifically) per the below. To summarize, they believe selling lm puts to monetize implied volat
est in getting long the sector given the attrac=ive valuations, particularly as the majors are expected to produce record free cash flow this year. Delta Airlines is=about 20% off from the September high (Source: Bloomberg, Oct-15, 2014) At the same time, the dramatic dr=p in oil prices will eventually feed i
ick update on AAL. Recall you currently hold the following position: Please let us know should you wish to hold or add to the position. Separately, Vinit / Nav's team in Lo=don is highlighting US airlines (majors specifically) per the below. To summari=e, they believe selling lm puts to monetize implied volat
est in getting long the sector given the attrac=ive valuations, particularly as the majors are expected to produce record free cash flow this year. Delta Airlines is about 20% off from the September high (Source: Bloomberg, Oct-15, 2014) At the same time, the dramatic drop in oil prices will eventually feed i
e following position: Please let us know should you wish to hold or add to the position. <=ont size=3> EFTA_R1_01775919 EFTA02592824 Separately, Vinit / Nav's team in London is highlighting US airlines (majors specifically) per the below. To summarize, they believe selling lm puts to monetize implied volat
Entities connected to both Delta Airlines and Vinit / Nav's

Jeffrey Epstein
PERSON
American Airlines
ORGANIZATION
Bloomberg L.P.
ORGANIZATION
United Airlines
ORGANIZATIONDeutsche Asset & Wealth Management
ORGANIZATION
FDIC
ORGANIZATIONUzair Aqeel
PERSONVahe Stepanian
PERSON
Deutsche Bank
ORGANIZATIONKCP Capital Markets Ideas - US Airli
ORGANIZATION