Air Transport World

The final round.(EDITORIAL)(Editorial)

So $110 oil has achieved what terrorism, SARS and the Iraq War could not: The failure of three airlines collectively representing around 1% of US domestic capacity. It is easy to forget that despite the horrendous financial losses, only one US scheduled passenger carrier of any consequence actually ceased operating after 9/11: Midway, which was already in Chapter 11 protection and going down for the third time when the planes struck.

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But within a matter of days this spring, Aloha, ATA and Skybus shut down. The demise of Aloha, which had operated in Hawaii for 61 years, and ATA, whose history dates back to the early 1970s, is a sad reminder of how thin is the ice under marginal competitors with few reserves and no pricing power. …

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