GLOBAL INDUSTRY NEWS

American Halts CRJ-200 Operations

Shanghai Airlines to Launch Casablanca Route

Delta employees to receive an average five weeks of pay in annual profit sharing

Akasa Air faces DGCA heat for lapses; warning letter issued to airline's accountable manager

Indigo Eyes European Market Amid Intensifying Competition with Air India

Air India to operate daily Delhi-Prayagraj flights for Maha Kumbh

Engine maker agrees to compensate WizzAir for grounded planes

Turkish Airlines’ flights are riddled with bedbugs, passengers say

British Airways frequent flyers react to Executive Club changes

Inside the short-lived, men-only flights where kids and women were banned but cigar and pipe smoking were rife

China steps up drive to break Boeing, Airbus grip on plane market

Heathrow’s New York service clings to spot in top aviation routes

Airline praises pilots in crash-landing where both died but nearly half the passengers survived

Mexico state airline to buy five Embraer planes next year

A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.

American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded

Why United Airlines has had such a stellar year despite being Boeing's biggest customer

JetBlue nixing routes between multiple major cities, reducing several others

Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.

It’s beginning to look like another record for holiday travel

Qatar Airways cleans up at the World Travel Awards

All of the strikes at European airports this winter – find out if you are affected

Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems

Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines

Qantas engineers walk off job on one of the busiest travel days of the year

South Korea to safeguard competition after Korean Air, Asiana merger

China Southern returns to Adelaide

Global Airline Industry Revenues Forecast To Top $1 Trillion For First Time In 2025

EasyJet to launch six new routes from the UK next year with £24 flights

Here's Why Analysts Say It's a Good Time to Buy Airline Stocks

Global Industry News

S&P upgrades Delta Air Lines' credit rating, marking full investment-grade status

Policy

Alain Bellemare E.V.P. & President – International | Delta Air Lines

By Sky Industry News

Dec 5, 2024

Delta Air Lines has reached a significant financial achievement as S&P Global Ratings upgraded its credit rating to investment grade. This upgrade makes S&P the last of the three major credit rating agencies to recognize Delta's improved financial standing. The company has been focusing on debt reduction and strengthening its balance sheet.

Dan Janki, Delta's chief financial officer, expressed optimism about this development: "It’s exciting to see Delta return to investment grade at all three credit agencies as we near the end of 2024 and set our sights on making our 100th year the most profitable in our history."

The upgrade follows Delta's Investor Day event on November 20, where it shared strategic insights into future financial goals. S&P evaluated these updates before deciding on the credit rating change.

Get the Newsletter

Sign-up to receive weekly round up of news from Sky Industry News

By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Delta committed to achieving investment grade status in 2021 as part of its recovery plan from the pandemic. S&P acknowledged Delta's efforts: "Delta has enhanced its capacity to withstand unexpected earnings weakness linked to historically volatile airline market conditions and preserve credit measures commensurate with its rating."

The report further stated that "Delta is well positioned to generate sustainably stronger credit measures," highlighting improvements in earnings and cash flow over recent years. It also noted a structural shift in passenger travel demand benefiting Delta.

Currently, Delta is one of only two airlines among DOT-reporting competitors holding an investment-grade rating across all three agencies.

Forward-looking statements within this article are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. More information about these risks can be found in Delta's SEC filings.

Organizations Included in this History

Delta Air Lines

More News

Aviation Comments

Loading...

No comments available.