Fitch Ratings has upgraded American Airlines Group to ‘BB-‘ from ‘B+’. The ratings also apply to American’s primary operating subsidiaries, American Airlines, Inc., US Airways Group, Inc. and US Airways, Inc. The Ratings Outlook is Stable. Fitch has also upgraded or affirmed various classes of American and US Airways EETCs. The corporate rating upgrade is supported by the strong financial results that American has posted since its merger with US Airways and concurrent emergence from bankruptcy. The upgrade also reflects fading integration risk. Now nearly two years into the process, American’s integration with US Airways has gone smoothly. Fitch considers

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