Aloha Airlines filed for bankruptcy protection today for the second time in just over three years.
The state's No. 2 carrier filed for Chapter 11 reorganization with the U.S. Bankruptcy Court in Honolulu, listing assets and liabilities both in excess of $100 million.
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Alex
www.southwest.com Bags Fly Free. Anytime, Anywhere on Southwest Airlines. Share the LUV!
Wow didn't see this coming...I wonder if this is the first round of new Chapter 11 fillings we might see?
Damn, I thought that Aloha was doing good.
Wow, Aloha took a jab at Go, wonder if it will make the court case against Go move faster.
"In its filing, Aloha said it wasn't making enough money off inter-island routes because of "predatory pricing by Mesa Air Group's go! airline.
“The problem with socialism is that you eventually,
run out of other people’s money.” - Margaret Thatcher
Tommy, if the price of fuel does not stop climbing I think what you will see is not so much as Chapter 11's is full shut downs of smaller, non legacy carriers. Champian, Skybus, and ATA are all candidates, and sadly I am also concerned about the future of Frontier, yesterday they announced they are selling 2 A-318's and 2 A-319's. On the regional side, even though they are one of the largest, I would not be at all surprised to see Mesa fail, as they are having HUGE internal problems, including pilots leaving (I've heard) in droves. I can assure you DL, UA, and US all continue to be very dissastified by their performance.Originally Posted by T-Bird76
My two cents
LGA777
Aloha announced that they are looking for a buyer for their various business segments. Looks like the end for a classic carrier may be instore.
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