The rating and sector outlooks for North American airlines are stable for 2017, revised down from Positive last year, says Fitch Ratings. Although low fuel prices and years of consolidation continue to boost the industry’s financial results, Fitch expects persistent unit revenue weakness, pressured international markets and sizable shareholder-focused cash flows to temper the outlook. “The North American airline industry is still solid by historical standards, but we will begin to see some stabilization or moderate deterioration in credit metrics over the next year,” says Joseph Rohlena, Director, U.S. Corporates. Fitch expects demand for air travel will grow steadily, mirroring

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