Summary: AMR Corp. - S&P Global Ratings’ Credit Research

Summary: AMR Corp.

Summary: AMR Corp. - S&P Global Ratings’ Credit Research
Summary: AMR Corp.
Published Jun 19, 2001
482 words — Published Jun 19, 2001
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Abstract:

Standard&Poor's ratings on AMR Corp. and unit American Airlines Inc. remain on CreditWatch, where they were placed with negative implications Jan. 10, 2001. AMR has announced that it expects 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 will 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 Inc., which has been hurt by a long strike at a regional airline unit, and

  
Brief Excerpt:

RESEARCH Summary: AMR Corp. Publication date: 19-Jun-2001 Credit Rating: ###-/Watch Neg/-- Rationale Standard & Poor's ratings on AMR Corp. and unit American Airlines Inc. remain on CreditWatch, where they were placed with negative...

  
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Summary

Ticker
Issuer
GICS
Airlines (20302010)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Summary: AMR Corp." Jun 19, 2001. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-AMR-Corp-198453>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: AMR Corp. Jun 19, 2001. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-AMR-Corp-198453>
  
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