The outlook on American Airlines Group Inc. AAL, +0.66% ‘s issuer credit rating was revised to positive from stable S&P Global on Friday. S&P expects passenger traffic demand to remain strong, while capacity limitations in the industry should support high fares, the debt rating agency said. Higher jet fuel prices and a softer U.S. economy remain in the mix as risks, however. S&P also affirmed its current B-minus issuer credit rating on American Airlines. American Airlines fell 1% in premarket trades.
This article was originally published by Marketwatch.com. Read the original article here.
