Industry & Services >> Sector Roundtables >> June 15, 1998
THOMAS S. SCHREIER is a Director in Credit Suisse First Boston's Equity
Research Department and the Senior Analyst covering the airline
industry. He was previously associated with Northwest Airlines as vice
president-finance. Mr. Schreier earned his B.A. in Economics and German
from the University of Notre Dame and his M.B.A. from Harvard Graduate
School of Business. Profile
SAMUEL C. BUTTRICK is a Managing Director in the transportation
group of UBS Warburg Equity Research. An analyst since 1986, Mr.
Buttrick specializes in the airline industry. Prior to joining
UBS Warburg, he was the airline industry analyst at PaineWebber
Incorporated. Before that he worked for Kidder Peabody, Morgan
Keegan & Co., L.F. Rothschild & Co., and Merrill Lynch Capital
Markets. For the past 11 years he has been recognized as one of
the top airline analysts on the Institutional Investor All-
American Research Team. For the past six years, Mr. Buttrick has
been ranked number one in airlines by Institutional Investor. He
is a past President of the Society of Airline Analysts and is a
Chartered Financial Analyst. Mr. Buttrick holds an MBA from the
University of Chicago and an AB in Slavic languages from Stanford
University. Profile
Raymond Neidl is a Director and Airline & Aerospace Industry Analyst with Calyon
Securities (USA) Inc. He joined Calyon in 2004. Previously, he covered the
airline/leisure companies and casino sectors as a Managing Director at Blaylock
& Partners. He has frequently been selected to The Wall Street Journal's and
Forbes magazine's "Best of the Best Analysts" for his earnings forecasts and
stock picks. Previously, he was a Director and an Equity Research Analyst
providing coverage of airline and transportation companies, including both
passenger and air freight carriers, at ABN-AMRO Securities, which was purchased
from ING Barings. While part of ING Barings, he helped to form the firm's
research coverage of the airline and air freight industries, including a high-
yield research product. In addition to his equity research coverage, he was also
involved with efforts in structured aircraft financing with the firm's Aviation
and Structured Leasing groups. Prior to joining the firm in 1991 (when it was
known as Furman Selz), he was involved in initiating the high-yield research
effort at Dillon Read, where he performed some equity analysis and had some
corporate finance responsibilities. He also helped plan and implement the high-
yield product for four years at McCarthy, Crisanti & Maffei, now KDP. Prior to
his high-yield specialization, he was a Credit Analyst in the
airline/transportation leasing area at Standard & Poor's. He also worked at
American Airlines in various financial and planning positions. He is the co-
author of Airline Odyssey-the Airline Industry's Turbulent Flight into the
Future, published by McGraw-Hill. He also has contributed to industry
publications, e.g., Airline Economics, Airline Operations, Airline Planning and
Airline Financing, all McGraw-Hill publications whose contributors include
numerous well-known professionals and managers in the aviation and aerospace
industries. He regularly appears on various general and business news programs
as an industry expert and is frequently quoted in both the general and business
news publications regarding the aviation and airline industries. He received an
MBA in Finance from Pace University, New York, New York, and a BS degree from
Albany State University, Albany, New York, and is a member of the New York
Society of Securities Analysts Airline Splinter Group. Profile
Helane Becker joined the Dahlman Rose & Co. equity research team in July 2010 as Director covering the airline, aircraft leasing, container leasing, and airfreight and logistics industries. She was previously a Managing Director at Jesup & Lamont. Ms. Becker has more than 30 years of experience on Wall Street holding positions within the research, trading and investment banking departments of several broker/dealers including the former Citi, Lehman Brothers and Smith Barney. She has been frequently ranked as the number one, two or three analyst by Institutional Investor magazine, as well as in the top 5 analysts by The Wall Street Journal. Ms. Becker holds an MBA from New York University and a bachelor’s degree from Montclair State University. Profile
TWST: Mr. Neidl, as not only an air carrier bond analyst but the authorof a book on the airlines, would you structure the industry for us?
Mr. Neidl: It's basically broken down into two