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....
http://www.usatoday.com/money/industries/travel/2008-04-11-frontier-files-for-bankruptcy_N.htm?csp=34?se=yahoorefer
Dan Ross
http://www.BetterBizBooks.com
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment