AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off - S&P Global Ratings’ Credit Research

AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off

AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off - S&P Global Ratings’ Credit Research
AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off
Published Jun 18, 2001
Published Jun 18, 2001
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's CreditWire) June 18, 2001-- Standard&Poor's ratings on AMR Corp. and unit American Airlines Inc. (see list below) remain on CreditWatch, where they were placed with negative implications Jan. 10, 2001. AMR today announced that it expected to report a net loss exceeding $100 million in the second quarter, the latest in a series of similar warnings from U.S. airlines. The loss reflects mostly weakening revenue and high fuel costs. In addition, AMR said that it would take a charge of approximately $425 million (after-tax) to write down its fleet of Fokker 100 aircraft and certain turboprop planes. AMR's expected near-term loss is somewhat less severe than results expected from competitors Delta Air Lines

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers
Country
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MLA:
S&P Global Ratings’ Credit Research. "AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off" Jun 18, 2001. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/AMR-Corp-Ratings-Still-on-Watch-After-Earnings-Warning-Write-off-198289>
  
APA:
S&P Global Ratings’ Credit Research. (). AMR Corp. Ratings Still on Watch After Earnings Warning, Write-off Jun 18, 2001. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/AMR-Corp-Ratings-Still-on-Watch-After-Earnings-Warning-Write-off-198289>
  
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