Delta Air Lines (DAL) August PRASM Fell 9.5%
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S&P Lifts Outlook on Delta Air Lines (DAL) to Positive; Ratings Affirmed
September 2, 2016 11:26 AM EDTS&P Global Ratings said it affirmed its ratings on Delta Air Lines Inc. (NYSE: DAL), including affirming its 'BB+' corporate credit rating, and revised the outlook to positive from stable.
The outlook revision is based on Delta's consistent strong operating results, with an adjusted EBITDA margin of 28% for the 12 months ended June 30, 2016, highest among large hub-and-spoke airlines rated by us globally. We could raise our ratings if Delta is able to maintain margins at or close to this level in spite of pricing pressures and our expectation of somewhat higher... More
