Thursday, April 10, 2008

4th Airline in as many weeks to Declare BK? Another sign of economic weakness

Gas prices going through the roof and consumers only willing to spend so much = airlines declaring Bankruptcy left and right. This economy is only getting worse.......more pain is coming (sad to say & I hate to say it).

Aloha, ATA, Skybus & now Frontier. Frontier will still operate in BK while others will face liquidation but it says something about the fragility of their finances when a credit card policy shift by their bank drives a company into bankruptcy....

Dan Ross

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