S&P affirms AMR, American Airlines, outlook up to positive

Standard & Poor's said it affirmed its ratings on AMR Corp. (B/positive/B-2) and subsidiary American Airlines Inc. (B/positive).

The rating outlook was revised to positive from stable, the agency said.

S&P noted that the positive rating outlook reflects ongoing earnings, cash flow and balance sheet improvements that, if sustained could support an upgrade over the next year.

Ratings on AMR and American reflect participation in the competitive, cyclical and capital-intensive airline industry, erosion of financial strength by substantial losses during 2001-2005 and a heavy debt and pension burden, the agency added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.