Browntothebone
Well-known member
- Joined
- Feb 16, 2002
- Posts
- 743
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http://finance.yahoo.com/news/Fitch-Downgrades-Delta-Air-bw-57705647.html?x=0&.v=1
Risk of default over the next year is mitigated by DAL's liquidity and cost advantages over its more vulnerable rivals--UAL, AMR and US Airways (all with IDRs of 'CCC' by Fitch). Fitch believes that a bankruptcy filing by any of those carriers, which could occur as early as the winter if operating trends fail to stabilize, would quickly result in further capacity rationalization and a stabilization of RASM trends for better-positioned carriers like DAL.[/FONT][/FONT]
http://finance.yahoo.com/news/Fitch-Downgrades-Delta-Air-bw-57705647.html?x=0&.v=1
Risk of default over the next year is mitigated by DAL's liquidity and cost advantages over its more vulnerable rivals--UAL, AMR and US Airways (all with IDRs of 'CCC' by Fitch). Fitch believes that a bankruptcy filing by any of those carriers, which could occur as early as the winter if operating trends fail to stabilize, would quickly result in further capacity rationalization and a stabilization of RASM trends for better-positioned carriers like DAL.[/FONT][/FONT]