Fitch Ups US Airways Ratings

[deltawatch]

Fitch Ups US Airways Ratings
Friday March 16, 11:14 am ET

CHICAGO (AP) -- Fitch Ratings on Friday upgraded US Airways Group Inc.'s issuer default rating, citing the carrier's relatively strong financial results since emerging from bankruptcy protection in 2005.

Fitch upgraded the company's issuer default rating to "B-" from "CCC," its secured term loan rating to "BB-" from "B" and its senior unsecured rating to "CCC" from "CC." The moves affect about $1.9 billion in outstanding debt.

Fitch also assigned a new "BB-" rating to US Airways' new $1.6 billion secured term loan facility that is currently in syndication.

US Airways is the product of a 2005 merger between US Airways, which was emerging from Chapter 11 bankruptcy protection, and America West. Over the past year, its financial results place it "among the better-performing hub-and-spoke airlines," Fitch said in a statement.

 

[safety stud]

Hmm..
Better credit rating means better ability to borrow more money at a lower interest. Wonder what LCC has planned up it's sleave...
Hmm..

 

[BuffaloJoe]

Hmm..
Better credit rating means better ability to borrow more money at a lower interest. Wonder what LCC has planned up it's sleave...
Hmm..

One thing I can tell you is, it won't be for employee pay raises. Which everyone deserves.

 

[delta777]

I doubt it includes on-board amenities improvements either.

 

[diogenes]

Further proof investing on the word of touts is no different from Vegas 😉

 

[AstroLounge]

Fitch, Wall Street and Standard & Poor's can all give a thumbs UP to LCC and its potential......ask the flying public about their latest travails on the "F'ed UP" Shares system.........many will tell You, "Over USAirways, NEVER AGAIN!" (The Infamous Meltdown of 2004 was NO WHERE near as B-A-D as what Tempe integrated, and ALL employees and customers have been screwed REPEATEDLY. GREAT JOB! :down:

 

[BuffaloJoe]

Fitch, Wall Street and Standard & Poor's can all give a thumbs UP to LCC and its potential......ask the flying public about their latest travails on the "F'ed UP" Shares system.........many will tell You, "Over USAirways, NEVER AGAIN!" (The Infamous Meltdown of 2004 was NO WHERE near as B-A-D as what Tempe integrated, and ALL employees and customers have been screwed REPEATEDLY. GREAT JOB! :down:

I believe what Mr. Hand is convinced, "Everybody Must be On Drugs". From "Fast Times at Ridgemont High"!

Jeff Spicoli has more of a "Clue" than DoUgIe Parker!