OracleTrading

[bowonwing]

Airways magazine July 2008 has an article "Short Final for Airlines in Crisis," by Christopher Pittman, pages 12-15, available on line at www.airwaysmag.com. Discussing Frontier Airlines April 10, 2008, filing for Chapter 11 bankruptcy protection, and the failure/bankruptcy/reorganizations of Champion Air, ATA, Skybus and Aloha, Pittman writes:

"Many believe that there are more such closures on the horizon. With the U.S. economy, especially slowing, a credit squeeze, and fuel prices at all-time highs, it is a fair bet that only those with lots of cash will survive."