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BULLETIN: U.K. Foils Plot to Destroy Passenger Planes, No Ratings Impact On Airlines Aug 06
Standard & Poors, Aug 2006
Abstract
NEW YORK (Standard & Poor's) Aug. 10, 2006--British authorities say police foiled an apparent plan by terrorists to destroy multiple passenger aircraft flying from the U.K. to the U.S., causing mass flight cancellations at London airports. In response, the U.K. raised its terrorist threat level to 'critical' (the highest level), and the U.S. Homeland Security Department raised its air security alert to 'red' (the highest level) on flights from the U.K. and to 'orange' (the second highest level) for other flights. Standard & Poor's Ratings Services said that the most immediate impact on rated airlines will be felt by British Airways PLC (BB+/Positive/--), whose main hub is at London's Heathrow Airport, in the form of lost revenue and added costs....
Companies mentioned in this report are: British Airways PLC,American Airlines Inc.,Continental Airlines Inc.,Delta Air Lines Inc.,United 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.
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