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

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.