We had previously reported on 24/7 Wall Street’s predictions for the airline industry. In a CNN Money news report, Fitch Ratings (a credit rating agency) has handed out its own concerns about the airline industry. According to Fitch, everything the airlines have done until now may not have been enough to stop a large amount of them from going bankrupt if the current industry trends continue (which in most likelihood they will). Fitch is concerned about what will happen to these airlines once Labor Day passes and passenger levels drop. Among the airlines Fitch is most concerned about are:

1) United Airlines

2) Delta

3) US Airways (according to another report, US Airways has cash on hand to weather the storm, the question I guess would be: how stable the airline is to survive once that cash is gone?).

4) Southwest (I’m baffled by it being included here since Southwest is about the only airline out there surviving fine through all of this).

5) JetBlue (another surprise considering the JetBlue camp has been pretty quiet about the industry crisis.)

Fitch pointed out that the airlines that are stable are American Airlines (which other reports… a lot of them… claim is the one most likely to go bankrupt) and Continental. (Image by Velozia.com)

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