With the steep decline in airline bookings due to the coronavirus outbreak, American Airlines Group Inc.'s revenues and cash flow will result in significantly weaker credit metrics in 2020 relative to 2019 results and our previous expectations. American is taking various steps to offset this decline through capacity reductions and cost-savings initiatives. As of now, we expect traffic growth to begin to recover in late 2020, but any delay will add to continued weakness in credit metrics. Therefore, we are placing our ratings on American and its subsidiary American Airlines Inc. on CreditWatch with negative implications. We are also revising our liquidity assessment to adequate from strong based on the company's expected reduced cash flow generation. We expect to resolve
