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BULLETIN:Delta Air Faces CreditWatch Action if Pilots Strike Mar 01
Standard & Poors, March 2001
Abstract
Corporate credit rating: BBB-/Negative/- The start of a 30-day countdown to a possible pilot strike at Delta Air Lines Inc. does not have immediate rating implications, but ratings will very likely be placed on CreditWatch with negative implications if a strike begins at the end of the 30-day period. Airline labor disputes are often settled at the last moment before a strike, though management and the pilots' union remain far apart on some issues in this case. President Bush may well press the National Mediation Board to request that he halt any strike by appointing a Presidential Emergency Board if a work stoppage begins. Airline strikes are extremely costly, and the current pilot strike at Delta regional unit Comair Inc....
Companies mentioned in this report are: Delta Air Lines Inc.
Action: S&P Event
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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