‘Record Earnings and Cash Flow’ Earn American Airlines an Upgrade

American Airlines Group (AAL) got a thumbs up Friday from Standard & Poor’s Ratings Services, which upgraded the company and its subsidiaries to a double-B- credit rating from single-B+. American Airlines has benefited this year from lower fuel prices. S&P credit analyst Philip Baggaley said in the release: AAG reported record earnings of $932 million in […]

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