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Friday, November 21, 2008

An assortment of groups with an interest in Southwest has been making news day today. Some of its employees are unhappy at the pace of union contract negotiations and are doing informational picketing to send a message. Then Fitch Ratings says it's concerned about Southwest's debt and downgraded its credit rating to BBB-plus from A-minus (still better than most airlines). In the meantime, in Denver, Southwest seems to be flying high, It's grown since it started there in early 2006 at an even faster pace than in the city that it once called it's fastest-growing. That would be PHL. 

 

Posted by Tom BELDEN @ 5:47 PM  Permalink | 1 comment
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  • 0 like this / 0 don't   •   Posted 11:25 PM, 11/21/2008
    I never thought Southwest Airlines would be downgraded, however, it is only by the Fitch Ratings.. Maybe they have something IN for Southwest Airlines.. Let's see what other ratings services say. oopps.. some of them said Lehman was a good company.. See what I mean??


1 comments
About Tom Belden
Tom Belden has been reporting about Philadelphia International Airport and other air travel subjects for more than 20 years, writing columns for The Inquirer's Travel and Business sections. His reporting (with colleague Craig McCoy) on baggage handling problems in Philadelphia have been credited with helping to improve the system. His previous blog was called Road Warrior. He can reached at tbelden@phillynews.com.