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Fitch Revises Ratings of Domestic Air Travel

Fitch Revises Ratings of Domestic Air Travel

…balance sheets compared with airports,” the ratings service added. “Additional ratings stabilization for the airlines will depend on their ability to sustainably return to positive cash flow and address pandemic-related debt balances.” Fitch Ratings forecasts that domestic traffic will remain about 10 percent below 2019 levels through the rest of…

Fitch Ratings Shares Outlook For North American Airports

Fitch Ratings Shares Outlook For North American Airports

Fitch Ratings shared its current assessments of both airports and airlines in North America and its expectations for the industry going forward in a company-hosted webinar Thursday. The webinar, titled Fitch North American Airports/Airlines Update, featured Fitch executives Seth Lehman, senior director for North American airports, and Joseph Rohlena, senior…

Fitch: Return To Lease Terms Will Contribute To Airport Rating Stabilization

Fitch: Return To Lease Terms Will Contribute To Airport Rating Stabilization

Fitch Ratings hinted at potential ratings stabilization for both airports and airlines Wednesday but said multiple conditions will need to align before that happens. Among them was the expectation that “airports should be in position to charge airlines and tenants according to their respective agreements, after the existing accommodations to…

Airport Liquidity Key To Ratings Stability, Fitch Executive Says

Airport Liquidity Key To Ratings Stability, Fitch Executive Says

…downturn in air travel, probably in history. Lehman shared his views on a Fitch Ratings webinar titled “Outlook – North American Transportation Infrastructure.” The impact to airports and all of aviation has been profound, and Fitch will be examining how individual airports weather the crisis and manage their debt and…

Fitch: Airline Ratings Pressure To Continue Into 2021

Fitch: Airline Ratings Pressure To Continue Into 2021

…relative to levels in 3Q20 and 4Q20, the ratings agency predicted. Nearly all airline ratings remain under pressure as traffic remains severely depressed. Fitch expects more airline bankruptcies in 2021, particularly among smaller and less well-capitalized airlines. Modestly higher traffic and cost-cutting efforts will help stem cash burn compared with…