Quantcast

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

GLOBAL INDUSTRY NEWS
European air traffic warning means summer delays for holidaymakers
The EU rule change that could affect millions of Brits when their flight is delayed or cancelled
Delta Earnings Land Soon. Why They’re Key for Airline Stocks and the Economy.
Avelo Airlines to Operate Deportation Flights, Hiring Flight Attendants
Travel chaos 2025: all the strikes and disruption expected across Europe
Qatar Airways accelerates Starlink wifi implementation
Southwest Airlines extends flight schedule through early April 2025
Cathay Pacific reaches 3,400 pilots this year, with low resignation rate of 2.9%
United receives FAA approval for first Starlink-equipped planes
Qantas launches mammoth Asia flight sale including Bali and Japan
New Update from Air Canada, WestJet, American Airlines, Delta, United, Southwest, Alaska, JetBlue Airways, and Sunwing: Airline Capacity Between Canada and US Slashed as Bookings Plummet Seventy Per Cent
Delta Cuts Two Domestic Routes
United Airlines Technicians Reject ‘Dead on Arrival’ Contract Proposal, Teamsters Say
The State of the Asia Pacific Airline Industry
Spirit Airlines to add Detroit nonstop flight out of Bradley International Airport
Major airline to launch new direct flights from Scotland to North America
Ryanair launches new ‘prime’ membership which saves passengers more than £400 a year
Judge Orders Boeing to Trial on 737 MAX Case
Qantas’ free international Wi-Fi to switch on from next week
The real reason Southwest is charging for bags now
Air France-KLM in ongoing talks with Air Europa on potential stake, CEO says
Frontier Savagely Shades Southwest After They Eliminated Longstanding Free Bag Policy, Sparking Backlash
Frontier Wants You to 'Divorce Your Old Airline' After Southwest Changes
Delta named one of Fast Company's Most Innovative Companies for sustainability initiatives
Passengers escape fiery American Airlines jet in Denver
Delta, American Dive On Slashed Outlooks; But Two Airlines Rally
Competitors are circling Southwest after the airline announced it's going to start charging for checked bags
Exclusive: Dominican Low-Cost Carrier Arajet Wants to Disrupt NYC Market
Boeing deliveries rise 63% in February from a year earlier
Transportation Secretary Duffy Lays Out 10 Ways the FAA Is Working to Upgrade Air Traffic Control and Make Flying Safer
Global Industry News
S&P upgrades Delta Air Lines' credit rating, marking full investment-grade status
Policy
Webp uh4mjd55m1lnm66falkqbfqpbrnj
Alain Bellemare E.V.P. & President – International | Delta Air Lines

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
Subscribe
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

Etihad Airways adopts DigiYatra for contactless travel at Indian airports

Etihad Airways has announced its support for DigiYatra, an Indian government platform that facilitates contactless travel through facial recognition technology.

Apr 21, 2025

EVA Air promotes cherry blossom season travel to Japan

EVA Air has announced on the social media platform X that it is promoting spring travel to Japan during the peak cherry blossom season, a major attraction for international tourists.

Apr 21, 2025

Ethiopian Airlines suspends Enugu flights due to runway closure until May 6

Ethiopian Airlines announced on X that it has suspended flights to Akanu Ibiam International Airport in Enugu until May 6 due to runway rehabilitation work.

Apr 21, 2025

Emirates to match donations for children-focused NGOs in nine countries

Emirates has announced a new donation matching initiative intended to boost support for its Emirates Airline Foundation.

Apr 21, 2025

Skywards Everyday partners with EmCan for two-way points conversion

Skywards Everyday has partnered with EmCan, a loyalty program by Emarat, to introduce a new two-way points conversion system for UAE customers.

Apr 21, 2025

Daher TBM series continues to thrive in general aviation market

The Daher TBM series, a staple of general aviation since 1988, has seen over 1,000 units produced across various models, with the TBM 960 as the latest iteration.

Apr 21, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Oman Air to increase flights to Heathrow, plans double daily service next summer