Our Team

Duane Pfennigwerth

Senior Managing DirectorEquitiesNew York

Duane Pfennigwerth leads travel equity research coverage of global airlines and lodging, industries that serve both leisure (consumer) and corporate travel demand. His airlines-coverage focus includes cross-cycle perspective on U.S. and select global airlines in Latin America and Europe.

Mr. Pfennigwerth ranked No 2 in the airlines category in 2025, 2024 and 2023 in the Extel (previously Institutional Investor) All-America Research Team and has been consistently ranked for the last five years. Lodging research focus includes both asset-light brands and lodging REITs.

Mr. Pfennigwerth holds an MBA from Emory University and a B.S. in industrial engineering from Georgia Tech.