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Southwest Wins Another Credit Rating Upgrade

Citing its "consistent record of profitability," S&P Global Ratings upgraded Southwest Airlines (LUV) on Monday to a triple-B-plus rating from triple-B.

This line from the report sums up the rationale for the upgrade nicely:

Southwest is the only U.S. airline that has recorded 44 consecutive years of profitability and remains the largest low-cost airline in the world.

The credit rating agency commends...


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