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Industry Report Card: Global Transportation Apr 03

  • ID: 1827892
  • April 2003
  • Region: Global
  • Standard & Poors
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FEATURED COMPANIES

  • Air Canada
  • Con-way Inc.
  • Grupo TMM, S. A. B.
  • MRS Logistica S.A.
  • RailAmerica Inc.
  • Teekay Corp.
  • MORE

Abstract
On March 18, 2003, ratings on 12 U.S. and European airlines were placed on CreditWatch with negative implications, reflecting the potential impact of the Iraq war that began shortly thereafter. Ratings of two Japanese airlines were added to the review on March 19. On March 28, ratings of four large U.S. airlines were lowered, and remain on CreditWatch (with negative implications for three of them and developing implications for AMR Corp.). The Iraq war has caused a further deterioration in already weak airline traffic, particularly on international routes to and from the U.S. Traffic within Asia (outside of Japan) was and remains stronger, with Europe sluggish. The extent of the traffic declines and how much U.S. domestic travel will be...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

Note: Product cover images may vary from those shown
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- American Airlines Group Inc.
- AMERCO
- CSX Corp.
- Canadian National Railway Co.
- Con-way Inc.
- United Airlines Inc.
- Delta Air Lines Inc.
- GATX Corp.
- Hertz Corp.
- Kansas City Southern
- The Brink's Co.
- Ryder System Inc.
- SNCF Mobilites
- Southwest Airlines Co.
- TTX Co.
- Union Pacific Corp.
- Union Tank Car Co.
- Yellow Corp.
- MTR Corp. Ltd.
- Sea Containers Ltd.
- US Airways Group Inc.
- Air Canada
- Alaska Air Group Inc.
- Arkansas Best Corp.
- America West Holdings Corp.
- Matson Navigation Co. Inc.
- Norfolk Southern Corp.
- Xtra Corp.
- United Continental Holdings Inc.
- Qantas Airways Ltd.
- Kirby Corp.
- Japan Airlines International Co. Ltd.
- Deutsche Lufthansa AG
- British Airways PLC
- J.B. Hunt Transport Services Inc.
- Enterprise Holdings Inc.
- Overseas Shipholding Group Inc.
- East Japan Railway Co.
- International Shipholding Corp.
- USF Corporation
- Grupo TMM, S. A. B.
- Teekay Corp.
- Kowloon-Canton Railway Corp.
- Societe nationale des Chemins de fer belges
- Williams Scotsman Inc.
- Compania Sud Americana de Vapores
- Interpool Inc.
- Air New Zealand Ltd.
- Transnet SOC Ltd.
- Conrail Inc.
- Burlington Northern Santa Fe LLC
- Stena AB
- Canadian Pacific Railway Co.
- AirTran Holdings Inc.
- NS Groep N.V.
- All Nippon Airways Co. Ltd.
- Japan Airlines Domestic Co. Ltd.
- Kawasaki Kisen Kaisha Ltd.
- Nippon Yusen KK
- Mitsui O.S.K. Lines Ltd.
- Kansas City Southern de Mexico S.A. de C.V.
- FLYi Inc.
- Localiza Rent a Car S.A.
- SNCF Reseau
- FedEx Corp.
- Ultrapetrol (Bahamas) Ltd.
- PostNL N.V.
- Yamato Holdings Co. Ltd.
- Seino Transportation Co. Ltd.
- Norges Statsbaner AS
- Stagecoach Group PLC
- Pacer International Inc.
- Central Japan Railway Co.
- Keio Corp.
- Nagoya Railroad Co. Ltd.
- West Japan Railway Co.
- Keihin Electric Express Railway Co. Ltd.
- Keisei Electric Railway Co. Ltd.
- Sagami Railway Co. Ltd.
- Keihan Electric Railway Co. Ltd.
- Nankai Electric Railway Co. Ltd.
- Nobina AB
- RailAmerica Inc.
- Sabre Holdings Corp.
- Senko Co. Ltd.
- Fukuyama Transporting Co. Ltd.
- FirstGroup PLC
- United Parcel Service Inc.
- Deutsche Bahn AG
- Airborne Inc.
- MNG Airlines Inc.
- MISC Bhd.
- Angel Trains Ltd.
- Kowloon Motor Bus Co. (1933) Ltd.
- Deutsche Post AG
- U.S. Shipping Partners L.P.
- Horizon Lines LLC
- Wan Hai Lines Ltd.
- CFR Marfa S.A.
- International Lease Finance Corp.
- National Railroad Passenger Corp. (AMTRAK)
- Evergreen International Aviation Inc.
- Northwest Airlines Corp.
- ATA Holdings Corp.
- Tranz Rail Holdings Ltd.
- MRS Logistica S.A.
- Tokyu Corp.
- Tobu Railway Co. Ltd.
- Odakyu Electric Railway Co. Ltd.
- Kintetsu Corp.
- Hankyu Hanshin Holdings Inc.
- Nippon Express Co. Ltd.
- North American Van Lines Inc.
- Marmon Holdings Inc.
- Sankyu Inc.
- CP Ships Ltd.
- Atlas Air Worldwide Holdings Inc.
- Roadway LLC

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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