Quantcast
GLOBAL INDUSTRY NEWS
Qatar Airways In Talks To Buy 20% Of Virgin Australia - Airline Ratings
Boeing Will Buy Spirit AeroSystems For $4.7 Billion In Stock & Airbus Enters $559 Million Agreement For Its Parts
Bombardier Global Jet Production Stops in Toronto as Union Workers Strike | AIN
Justice Department To Offer Boeing a Plea Deal Related to Max Crashes
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

Executive Chef Javier: ‘FFG Creates Menus for All Classes of Service’

Executive Chef Javier said that Flying Food Group (FFG) develops thoughtfully curated menus for all classes of airline service.

Dec 27, 2024

China's alleged sixth-gen fighter maiden flight raises global competition concerns

Videos have surfaced online allegedly showing China's new sixth-generation fighter jet flying for the first time, accompanied by a fifth-generation J-20 Mighty Dragon fighter as a chase plane.

Dec 26, 2024

Air New Zealand creates festive experience for passengers missing Christmas

Passengers on Air New Zealand's flight NZ7 from San Francisco to Auckland, who were set to miss Christmas Day due to crossing the international date line, experienced a unique celebration at 30,000 feet.

Dec 26, 2024

Emirates debuts first Airbus A350 revenue flight from Dubai to Dammam

Passengers on Emirates Flight EK823 from Dubai to Dammam experienced a unique event as the airline's first Airbus A350-900 made its debut revenue flight.

Dec 26, 2024

Condor reduces US routes due to court ruling

German airline Condor has announced plans to reduce its U.S. route map in 2025, affecting four cities.

Dec 26, 2024

Azerbaijan Airlines flight crashes; investigation suggests missile involvement

Azerbaijan Airlines President Samir Rzayev praised the pilots of flight J28243 for their bravery after the Embraer E190 crash-landed in Kazakhstan on December 25, 2024.

Dec 26, 2024

Aviation Comments
Loading...

No comments available.

Trending
1

Bird disrupts EVA Air flight at JFK Airport before departure

2

FFG Executive Chef Javier: ‘FFG operates as a culinary-focused caterer’

3

VP of Amazon Air on employing veterans: 'We are lucky to have the hard work, dedication, and experience'

4

Air New Zealand launches luggage tracking via Apple’s Find My network

5

Air New Zealand supports holiday exports with cherries and lamb deliveries