Standard & Poor's Ratings Services on Monday lowered its credit outlook on US Airways Group Inc. to "stable" from "positive" because of concerns about high fuel prices and a weakening economy.
The credit rating agency left the airline's "B-" long-term corporate credit rating and other ratings unchanged.
"The outlook revision is based on an expected weakening of the company's financial profile from sustained high fuel prices," S&P credit analyst Betsy Snyder said in a statement. "We expect the company to post a significant loss in 2008 not only because of higher fuel prices, but also due to weaker demand caused by a slowing economy."
