S&P puts 8 airlines' debt on watch negative

Discussion in 'The Archives' started by charlie, Jan 31, 2003.

  1. charlie

    charlie Guest

    Standard & Poor's moved on Friday to put the debt tied to eight airlines' planes on its CreditWatch status with negative implications because of falling aircraft values and a turbulent industry outlook. The list includes Alaska Airlines (ALK), America West Airlines (AWA), Continental Airlines (CAL), Atlantic Coast Airlines (ACAI), Delta Air Lines (DAL), Federal Express (FDX), Northwest Airlines (NWAC) and Southwest Airlines (LUV). Enhanced equipment trust certificates that are insured, S&P said, aren't on CreditWatch.

    I'm surprised to see FedEx and Southwest on this list and glad UPS is missing from it.

  2. dannyboy

    dannyboy Guest

    Could it be the conservative business plan that UPS has had since its founding is paying off now?

  3. feederdude

    feederdude Guest

    I too am glad not to see UPS here, but when we are described in the investing world, we are not an airline, even though we have a large fleet the take on us is that we are a trucking company.