Trouble in the Air


Turbulent times continue for U.S. passenger airlines. Two major U.S. air carriers -- Northwest (NWAC) and Delta (DAL), filed for Chapter 11 bankruptcy protection on Sept. 14. The two outfits join United Airlines and US Airways in the ranks of bankrupt U.S. airlines.

Amid the industry turmoil, exactly where do the major U.S. carriers stand with regard to their

credit ratings? Here is the list of U.S. carriers whose debt is currently rated by Standard & Poor's, their current ratings and credit outlooks, and their rating history over the past five years:

Rating History: U.S. Airlines

2005

2004

2003

AirTran Holdings

B-/Stable

B-/Stable

B-/Positive

Alaska Air Group

BB-/Negative

BB-/Negative

BB-/Negative

America West Holdings

B-/Negative

B-/Negative

B-/Stable

AMR Corp.

B-/Stable

B-/Stable

B-/Stable

ATA Holdings

N.R.

N.R.

CCC/Watch Dev

Continental Airlines

B/Negative

B/Negative

B/Stable

Delta Air Lines

CC/Watch Neg*

CC/Watch Pos

BB-/Watch Neg

FLYi Inc.

CCC-/Negative

CCC-/Negative

B-/Negative

JetBlue Airways

BB-/Negative

BB-/Negative

BB-/Stable

Northwest Airlines

CCC-/Watch Neg*

B/Negative

B+/Negative

Southwest Airlines

A/Stable

A/Stable

A/Stable

UAL Corp.

D/--

D/--

D/--

US Airways Group

D/--

D/--

B/Watch Neg

*Filed for Ch. 11 bankruptcy protection Sept. 14. From Standard & Poor's Ratings Services


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus