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To: RCJIII who wrote (14337)	3/8/1999 11:49:00 AM
From: Sergio H	of 29382

<LUV> biz.yahoo.com Monday March 8, 11:26 am Eastern Time RESEARCH ALERT- Merrill updates airlines estimates NEW YORK, March 8 (Reuters) - Merrill Lynch on Monday said analyst Candace Browning raised her 1999 earnings expectations on three airlines, saying that first quarter airline traffic has been stronger than expected. -- But Browning cut estimates on one major airline, US Airways Group Inc. (NYSE:U - news), citing pressure on revenues due to competition. -- raised Alaska Air Group Inc.'s (NYSE:ALK - news)Q1 1999 EPS estimate to $0.75 from $0.65, and 1999 estimate to $5.20 from $5.00. -- raised Southwest Airlines Co.'s (NYSE:LUV - news) Q1 1999 EPS view to $0.25 from $0.23 and 1999 estimate to $1.35 from $1.25. -- raised Continental Airlines Inc.'s (NYSE:CAIb - news) Q1 1999 estimate to $0.95 from $0.85 and 1999 estimate to $5.40 from $5.25. -- cut U.S. Airways' (NYSE:U - news) Q1 estimate to $0.75 from $0.95, and lowered 1999 to $5.60 from $5.75. -- Browning, in a research note, said US Air suffers from poor unit revenue performance because of increased competition as well as ongoing operating problems due to transition the Sabre computer system.

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