Miami Airport Bond Rating Raised on Booming Demand for Flights [BNN Bloomberg (Canada)]
Delta Air Lines, Inc. (DAL)
Last delta air lines, inc. earnings: 4/22 07:00 am
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ir.delta.com
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Source: BNN Bloomberg
The upgrade reflects the airport's “substantial demand, which surpasses pre-pandemic activity,” and its leadership in growth among large hubs since 2019, said S&P credit analyst Nora Wittstruck. “We believe the enplanement trajectory will support the significant capital plan and sustain the financial position.” In 2023, Miami's airport reached its highest-ever passenger total, handling 52.3 million travelers. Airlines have added more routes from MIA, including Delta Air Lines Inc. which now connects Miami to Los Angeles and Seattle. International carriers including Condor Flugdienst GmbH and Fly Level SL have added routes to Frankfurt and Barcelona, further supporting the growth, according to S&P. To accommodate more passengers, the airport has launched a $7 billion modernization plan including terminal renovations, an overhaul of more than 200 restrooms and additional parking facilities. The airport expects to see 77 million passengers by 2040, according to its website. S&P vi
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DAL
Earnings
- 4/10/24 - Beat
DAL
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 3
- 5/3/24 - Form 3
- DAL's page on the SEC website