Fitch turns United Airlines vie to negative

Fitch Ratings said it changed the outlook to negative from stable but affirmed the long-term issuer default ratings for United Airlines Holdings, Inc. and its primary operating subsidiary, United Airlines, Inc. at B+.

“The outlook revision is driven by higher jet fuel prices and increased downside risks presented by inflationary pressures and related economic impacts. These impacts along with United's heavy planned capital spending over the next several years, and remaining uncertainties around traffic recovery related to Covid have increased the risks to United's credit profile,” the agency said in a press release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.