S&P cuts Northwest, American, United on high fuel prices

[MoneyGuy]

SAN FRANCISCO (MarketWatch) -- Standard & Poor's Ratings Services on Friday lowered ratings on several major U.S. airlines, including Northwest Airlines , American Airlines and United. The ratings agency cut Northwest to B while ratings of AMR Corp. , American, UAL Corp. and United were lowered to B- from B. S&P cited expected losses and reduced or negative operating cash flow caused by high fuel prices.

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