Airlines' Credit Falls Further Into Junk
The Commercial Appeal (2007-Current) › July 28, 2008
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Summary
MINNEAPOLIS - Standard & Poors downgraded the debt of some of the nation's largest air carriers on Friday, saying high fuel prices are likely to cause heavy losses this year at American, United and Northwest.
S&P airline analyst Philip Baggaley said that in general, carriers face "perhaps a bit greater risk of liquidation," although he quickly added, "We think the airlines we've reviewed here are large and viable airlines."See the full content of this document
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Airlines' Credit Falls Further Into Junk
He said the airlines have enough cash for ...
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