|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Standard & Poor's To Monitor Effects of Delta Departure on Dallas-Fort Worth Int'l Sep 04
Standard & Poors, Sep 2004
Abstract
NEW YORK (Standard & Poor's) Sept. 8, 2004--Standard & Poor's Ratings Services will be closely monitoring the impact of Delta Air Lines Inc.'s (CCC/Negative/--) anticipated reductions at Dallas-Fort Worth International Airport (DFW) (A+/Stable). Delta unveiled elements of its long-awaited strategic plan today, which include 'de-hubbing' Delta's DFW operation significantly and re-deploying those assets to grow hub operations in Atlanta, Cincinnati, and Salt Lake City. Delta represents about 18% of the market at DFW. Key rating factors supporting the current rating include the airport's very low cost structure and the residual nature of its airline agreements. Standard & Poor's would expect management to respond swiftly to any operational changes made by Delta. Possible management actions may include, but are not limited...
Companies mentioned in this report are: Dallas Fort Worth Intl Arpt ,Delta Air Lines Inc.
Action: Bulletin
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
