Delta Air Lines' credit facility rating was downgraded yesterday by Fitch Ratings, which cited "the continued erosion of the airline's near-term cash flow generation" and the expectation that it will "report another year of substantially negative free cash flow in 2009 as the airline struggles to adjust capacity to a diminished level of demand." Still, DL is in better shape than several of its rivals, Fitch pointed out. Its credit rating was lowered to B- from B. In comparison, American ...

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