American has more than $20 billion in debt. The Moody's report is the latest in a string that have forecast a good year for the airline despite persistently high fuel costs. "We believe that strong traffic demand will enable [airfares] to increase and the carrier will continue to enjoy the benefits of previous cost cutting," Ray Neidl, an airline analyst with Calyon Securities in New York, said in a recent report to investors. Analysts have praised American for its strong cash position and leaner operating structure, while rivals Delta Air Lines and Northwest Airlines struggle through bankruptcy court. Shares of AMR continued to climb Wednesday, rising $1.28 to close at $25.83, a 5 percent jump. The stock has risen more than 100 percent in the past year. Fort Worth Star Telegram