Lates News

Moody's downgraded the rating and outlook of Southwest Airlines in the United States to reflect softening domestic travel demand factors. Moody's stated that compared to peers with larger international networks and stronger loyalty programs, Southwest Airlines will be more affected by the decline in domestic leisure travel. Moody's lowered the company's senior unsecured debt rating from Baa1 to Baa2 and revised the outlook from stable to negative.