S&P upgrades Delta’s credit rating on strong financial performance, air travel demand
Source: Delta Air Lines S &P Global Ratings, which evaluates and assigns ratings to companies based on how they measure financial results, upgraded Delta to a “BB+” rating, one step below an investment-grade rating. S&P Global Ratings has upgraded Delta’s credit rating, citing the company’s financial performance and continued strong demand for air travel. The firm, which evaluates and assigns ratings to companies based on how they measure financial results, upgraded Delta to a “BB+” rating, one step below an investment-grade rating. “The company, along with its mainline peers, has benefited from continuing strong passenger airline demand and industrywide capacity constraints that have led to full planes and high fares,” S&P said in its report, issued Thursday. “Delta is on [...]