European airlines well positioned for tough economic conditions, says S&P

Victoria
By Victoria March 16, 2012 16:47

European airlines well positioned for tough economic conditions, says S&P

Standard & Poor’s, “How Well Prepared Are European Airlines For The Turbulence Of Another Recession?” report has stated that most European airlines are well positioned for a harsher economic climate in 2012.
Most airlines, the rating agency says, have substantial financial flexibility and good liquidity positions. The report added that a recession would not affect the ratings of Lufthansa or British Airways however SAS would “be vulnerable to weakening conditions”.
S&P expects demand for air travel to decline in 2012 for the airlines it rates, with a slight recovery in demand in 2013.
“We assume that the airlines would be able to maintain average prices at 2011 levels, and that they would take a proactive stance to reduce capacity when necessary.”

Victoria
By Victoria March 16, 2012 16:47
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Feuropean-airlines-well-positioned-for-tough-economic-conditions-says-sp%2F"> registered </a> users can comment.