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AMR Corp. Nov 10
Standard & Poors, Nov 2010
Abstract
A diverse global route network and partnerships with major airlines in overseas markets; and Adequate liquidity, with substantial cash, but also heavy debt maturities and capital spending plans. Highly leveraged financial profile, with significant intermediate-term debt maturities; Participation in the competitive, cyclical, and capital-intensive U.S. airline industry; and Potential competition from airlines with stronger global route networks. Standard & Poor's Ratings Services' ratings on Ft. Worth, Texas-based AMR Corp., and its major operating subsidiary American Airlines Inc., reflect the company's highly leveraged financial profile, with its significant intermediate-term debt maturities, and risks associated with participation in the price-competitive, cyclical, and capital-intensive airline industry. The ratings also incorporate AMR's adequate liquidity and diverse global route network. We characterize AMR's business risk...
Companies mentioned in this report are: AMR Corp.,American Airlines Inc.,Boeing Co.,Continental Airlines Inc.,Delta Air Lines Inc.,Northwest Airlines Inc.,United Air Lines Inc.,Qantas Airways Ltd.,British Airways PLC,Iberia Lineas de Espana Societe Anonima Operadora,AIR 2 US LLC,Japan Airlines Corp.,JetBlue Airways Corp.,Gol Linhas Aereas Inteligentes S.A. ,LAN Airlines S.A.
Action: Review
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: Full Analysis
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