Medians of financial and operational metrics based on 2011 data for the U.S. airport sector reflect the stabilization or modest improvement in air travel demand for most airports it rates following the Great Recession, Standard & Poor's Ratings Services said in a report.

"We believe larger airports have better credit quality than their smaller counterparts, but airports of all sizes continue to face the side effects of airline consolidation and rightsizing efforts, as well as the higher fuel costs and a weak recovery," Standard & Poor's credit analyst Joseph Pezzimenti said in the report, entitled "2013 U.S. Airport Medians Report: The Slow Ascent From The Recession Continues."

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