S&P lifts US Airways view to stable

Standard & Poor's said it affirmed its B- corporate credit and other ratings on US Airways Group Inc. and revised the outlook to stable from negative.

The outlook revision reflects the company's better-than-expected financial performance since its merger with America West Holdings Corp. in September 2005, the agency said.

S&P added that the company's strong revenues have offset continuing high fuel prices, trends expected to continue for the remainder of 2006, resulting in improved profits and cash flow.

The ratings on US Airways reflect the inherent high risk profile of the U.S. airline industry, a still substantial debt burden and limited financial flexibility, the agency noted.

© 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.