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Commercial Aerospace Faces Difficult Outlook Oct 01 Product Image

Commercial Aerospace Faces Difficult Outlook Oct 01

  • ID: 2042253
  • October 2001
  • Standard & Poors

FEATURED COMPANIES

  • AAR Corp.
  • Aviation Sales Co.
  • Boeing Co.
  • DeCrane Aerospace Inc.
  • K&F Industries Inc.
  • Precision Castparts Corp.
  • MORE

Abstract
The Sept. 11, 2001, terrorist attacks against the U.S. have had a severe impact on commercial aviation. In the wake of those attacks, commercial aerospace intermediate-term business prospects deteriorated significantly, with many uncertainties ahead. The domestic airline industry has been hit particularly hard and most carriers have reduced capacity by about 20%. The overall impact on non-U.S. airlines has been mixed and less dramatic, but still quite negative. As a consequence, companies serving the airline sector--airplane manufacturers; engine producers; suppliers of aircraft systems, components, and materials; and vendors providing aviation support services--will be adversely affected to various degrees. In addition to lower demand for their products and services, aircraft and engine builders are likely to face higher financing requests from...

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Boeing Co.
- Goodrich Corp.
- Boeing Capital Corp.
- Textron Inc.
- United Technologies Corp.
- Honeywell International Inc.
- Hexcel Corp.
- Airbus Group
- AAR Corp.
- Sequa Corp.
- K&F Industries Inc.
- Bombardier Inc.
- BE Aerospace Inc.
- Mercury Air Group, Inc.
- Argo-Tech Corp.
- Precision Castparts Corp.
- Kellstrom Industries, Inc.
- Aviation Sales Co.
- Compass Aerospace Corp.
- Pacific Aerospace & Electronics Inc.
- DeCrane Aerospace Inc.
- TransDigm Inc.
- Rolls-Royce PLC
- Pentacon, Inc.
- Dunlop Standard Aerospace Holdings PLC
- Worldwide Flight Services Inc.
- Rockwell Collins Inc.
- Aircraft Service International Group Inc.

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