SARS, Other Woes Push Fitch to Lower Miami Airport

Sigo, Shelly
April 2003
Bond Buyer;4/30/2003, Vol. 344 Issue 31625, p3
Trade Publication
A combination of American Airlines' financial woes, the war in Iraq, and a widespread disease have combined to drive Fitch Ratings to decline the debt of Miami International Airport. The decline to A from A-plus, affects 2.6 billion dollars of outstanding debt issued by Miami-Dade County on behalf of the airport. American Airlines, the nation's principal carrier serving Latin America, maintains a major part at Miami and accounted for 57 percent of enplanements there in fiscal 2002. Miami is not the only airport suffering from these international problems. In the third week of March 2003, Denver International Airport, Los Angeles International Airport, and the Northwest Arkansas Regional Airport sold nearly 400 million dollars of debt without much trouble.


Related Articles

  • Battle of the airports. Clarke, Michael // Travel Weekly: The Choice of Travel Professionals;2/2/2004, Issue 1703, p17 

    Birmingham International Airport (BIA) is trying to thwart the launch of Thomson's low-cost flights from Coventry Airport by demanding expansion is suspended because of airspace fears. BIA bosses fear an enlarged Coventry Airport could cause air traffic control havoc because the two runways are...

  • Government vows to expand airports. Taylor, Ian // Travel Weekly (UK);1/5/2007, p21 

    The article reports that the British government has reaffirmed its commitment to expand airports despite claiming it doubled air passenger duty to try to limit rising demand. Ministers plan a public consultation in 2008 on a third runway at Heathrow, which would increase capacity by 50% and...

  • Route of the month. McWhirter, Alex // Business Traveller (UK/Europe Edition);Jun2012, p17 

    The article presents information on the airline route from London, England to Germany. The opening of the Berlin Brandenburg (BER) airport has been pushed back to March 17, 2013, but Tegel and Schonefeld will continue to operate. Tegel though, will be closed once BER opens and will follow the...

  • Hub, no hub: Some upsides to both. STOESSEL, AMY ANN // Crain's Cleveland Business;2/28/2011, Vol. 32 Issue 9, p26 

    The article discusses the advantages of both, having a hub and not having a hub, by an airport in the U.S. Experts believe that having a connecting hub, helps an airport in having more direct flights, increased number of visitors and several economic benefits. However, hub-less airports help...

  • Path clear for Tokyo-Seoul shuttle.  // Airline Business;Dec2003, Vol. 19 Issue 12, p27 

    Deals with the schedule of the first regular "shuttle flights" between the domestic airports of the Japanese and South Korean capitals, in November 30, 2004. Information on the final agreement reached by both governments; Airlines that will be allowed to operate in the two country's domestic...

  • Sydney Airport plans for the future. Kelly, Emma // Asian Aviation Magazine;Feb2012, Vol. 9 Issue 11, p16 

    The article reports that Sydney Airport is planning to redesign the airport into two airline alliance-based precincts, each comprising international, domestic and regional services under one roof. The redesign would require minor changes to the Virgin Australia precinct, an expansion of the...

  • PEOPLE'S REPUBLIC OF CHINA.  // Air Traffic Management;Fall2006, Vol. 15 Issue 3, p38 

    The article points out that Mainland China has the second biggest number of total passengers using scheduled airlines in the world. China's 130 airports have experienced an average growth rate in passenger numbers of 13 percent for the past six years. The Civil Aviation Administration of China...

  • CAA: punctuality rise.  // Travel Weekly: The Choice of Travel Professionals;9/29/2003, Issue 1687, p3 

    Airline punctuality during the second quarter of this year improved on the same period in 2002, according to Civil Aviation Authority figures. Between April and June this year, 78% of scheduled airlines departed on time, defined as early or 15 minutes late, compared to 75% during the same...

  • News-air.  // Business Travel World;Sep2005 Business Travel Extra, p6 

    Presents an update on the air travel business as of September 2005. Information on the re-branding of Lydd Airport in London, England; Purpose of the decision of StarAlliance to open a dedicated flight centre at Munich Airport in Germany.

  • ISLIP MACARTHUR AIRLINE TIMETABLE.  // Long Island Business News (7/1993 to 5/2009);5/7/2004, Vol. 51 Issue 20, p40A 

    Presents a chart showing the schedule of flights of various airlines operating at the MacArthur airport in Islip, New York.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics