S&P revises American Airlines outlook to positive from stable
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Dow Jones
The outlook on American Airlines Group Inc. (AAL)'s issuer credit rating was revised to positive from stable S&P Global on Friday. S&P expects passenger traffic demand to remain strong, while capacity limitations in the industry should support high fares, the debt rating agency said. Higher jet fuel prices and a softer U.S. economy remain in the mix as risks, however. S&P also affirmed its current B-minus issuer credit rating on American Airlines. American Airlines fell 1% in premarket trades.
-Steve Gelsi
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03-24-23 0903ET
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