I'm certainly not cheering on a bad economy, but I really don't think the more optimistic
folks are correct...
Fitch Ratings has lowered its rating on debt issued by AMR Corp., the Fort Worth-based parent company of American Airlines, deeper into "junk" territory, citing the collapse in global demand for air travel.
Analyst William Warlick said that the travel downturn has eroded the airline's flow of cash "at a time when the airline faces substantial fixed obligations and declining unrestricted cash balances."
