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Summary: Delta Air Lines Inc. Nov 10
Standard & Poors, November 2010
The ratings on Atlanta, Ga.-based Delta Air Lines Inc. reflect a highly leveraged financial risk profile with significant intermediate-term debt maturities and risks associated with the price-competitive, cyclical, and capital-intensive airline industry. The ratings also reflect the reduced debt and operating costs Delta achieved while in Chapter 11 in 2005-2007 and an enhanced competitive position and synergy opportunities from its 2008 merger with Northwest Airlines Corp. (parent of Northwest Airlines Inc.; the two airlines were fully integrated in December 2009). In addition, the ratings reflect Standard & Poor's Ratings Services' characterization of Delta's business risk profile as weak. With its merger with Northwest Airlines, Delta became the largest U.S. airline until the merger of UAL Corp. (parent of United Air...
Companies mentioned in this report are: Delta Air Lines Inc.
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Delta Air Lines Inc.