Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact - S&P Global Ratings’ Credit Research

Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact

Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact - S&P Global Ratings’ Credit Research
Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact
Published Apr 10, 2008
Published Apr 10, 2008
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Abstract:

NEW YORK (Standard&Poor's) April 10, 2008--Standard&Poor's Ratings Services said today that it does not expect American Airlines Inc.'s (B/Negative/--) widespread flight cancellations to have an impact on its ratings on American or parent AMR Corp. (B/Negative/B-3), unless the disruptions are prolonged or more serious. We revised our outlook on AMR and American to negative from positive, and lowered our short-term rating on AMR to 'B-3' from 'B-2' on March 24, 2008. Still, AMR is likely to suffer a noticeable financial impact in the second quarter, mostly because of lost revenue and the cost of rebooking delayed passengers. The scale of the cancellations is beyond what would be caused by major storms affecting an airline's hub, the

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Airlines (20302010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings 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.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact" Apr 10, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Cancellations-Not-Expected-To-Have-Ratings-Impact-642099>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: American Airlines' Cancellations Not Expected To Have Ratings Impact Apr 10, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-American-Airlines-Cancellations-Not-Expected-To-Have-Ratings-Impact-642099>
  
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