• SELECT SITE CURRENCY
Select a currency for use throughout the site
Recovery Report: Delta Air Lines Inc.'s Recovery Rating Profile May 12
Standard & Poors, May 2012
Standard & Poor's Ratings Services has affirmed its issue and recovery ratings on Atlanta-based Delta Air Lines Inc.'s first- and second-lien credit facilities. We simulate a default in 2014 given significant industry challenges due to soaring jet fuel prices, a severe global slowdown, or a shock to the U.S. or global aviation system (such as major terrorism or a global epidemic). We believe that if Delta defaulted, a viable business model would most likely remain, given its sizable aircraft fleet, extensive global route network, and landing slots and gates. Delta merged with Northwest Airlines Corp. effective Oct. 29, 2008, with Delta the surviving entity and Northwest operating as a subsidiary of Delta. The airlines fully integrated in December 2009. Both...
Companies mentioned in this report are: Delta Air Lines Inc.,Northwest Airlines Corp.
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
Delta Air Lines Inc.,Northwest Airlines Corp.