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S&P Credit Research4019 word report
published Oct 30, 2008
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S&P Credit Research
| Abstract: | Improved route network after 2005 merger with America West Modest debt maturities Participation in cyclical, price competitive, and capital-intensive airline industry Heavy debt and lease burden and weak balance sheet Limited financial flexibility, with no revolving credit facilities and few unencumbered aircraft available for secured borrowing or sale-leasebacks Ongoing labor integration problems three years after America West-US Airways merger The ratings on US Airways Group Inc. reflect participation in the high-risk U.S. airline industry, a substantial debt burden, limited financial flexibility, and ongoing labor integration problems. Ratings also incorporate the company's improved route network after the merger of America West Holdings Corp. and US Airways and modest annual debt maturities through 2013. US Airways has reported losses since the fourth
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| Brief Excerpt: | RESEARCH Ratings Definitions US Airways Group Inc. Publication date: 30-Oct-2008 Primary Credit Analyst: Betsy R Snyder, CFA, New York (1) 212-438-7811; betsy_snyder@standardandpoors.com Major Rating Factors Corporate Credit Rating...
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| Report Type: | Full Report
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| Ticker: | U
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| Issuer: | US Airways Group Inc.
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| GICS: | Airlines (20302010)
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| Sector: | Global Issuers
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| Country: | United States
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| Region: | United States
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- US Airways Group Inc. Ratings Placed On Watch Negative Re Liquidity, Revenue Concerns $100.00
--US Airways Group Inc. reported unrestricted cash and short-term investments of slightly less than $1.5 billion at the end of the second quarter, a level below which we have said that we may lower ratings. --Although the company's second-quarter ...
- Research Update: US Airways Group Inc. Ratings On Watch Negative Due To Revenue, Liquidity Concerns $175.00
US Airways Group Inc. reported unrestricted cash and short-term investments of slightly less than $1.5 billion at the end of the second quarter, a level below which we have said that we may lower ratings. Although the company's second-quarter ...
- US Airways Group Inc.'s $75 Million Convertible Senior Notes Rated 'CCC' $100.00
NEW YORK (Standard&Poor's) May 7, 2009--Standard&Poor's Ratings Services today assigned a 'CCC' rating to US Airways Group Inc.'s (B-/Negative/--) $75 million convertible senior notes due 2014, two notches below the corporate credit rating ...
- Summary: US Airways Group Inc. $175.00
The ratings on US Airways Group Inc. reflect participation in the high-risk U.S. airline industry, a substantial debt burden, and limited financial flexibility. Ratings also incorporate the company's improved route network after the merger ...
- Summary: US Airways Group Inc. $175.00
The ratings on US Airways Group Inc. reflect participation in the high-risk U.S. airline industry, a substantial debt burden, limited financial flexibility, and ongoing labor integration problems. Ratings also incorporate the company's improved ...
- US Airways Group Inc. 'B-' CCR Affirmed, Off Watch; Outlook Negative $100.00
NEW YORK (Standard&Poor's) Oct. 20, 2008--Standard&Poor's Ratings Services today affirmed its ratings on US Airways Group Inc., including the 'B-' corporate credit rating, and removed them from CreditWatch with negative implications. The ratings ...
- Research Update: US Airways Group Inc. 'B-' CCR Affirmed, Off Watch; Outlook Negative $175.00
On Oct. 20, 2008, Standard&Poor's Ratings Services affirmed its ratings on US Airways Group Inc., including the 'B-' corporate credit rating, and removed them from CreditWatch with negative implications. The ratings had been placed on CreditWatch ...
- Research Update: US Airways Group Inc. 'B-' Rating Placed On CreditWatch Negative $175.00
On May 22, 2008, Standard&Poor's Ratings Services placed its 'B-' corporate credit and other ratings on US Airways Group Inc. on CreditWatch with negative implications, due to record high fuel prices. Ratings on 'AAA' rated, bond-insured enhanced ...
