Low-Cost Airline Enters Bankruptcy
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Blaming excess capacity, extremely high fuel prices, which and descending fares, ATA Holdings Corp., parent of discount airline carrier ATA Airlines, said it has filed for bankruptcy.
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ATA became the first major low-fare airline to seek Chapter 11 bankruptcy protection, a move that immediately set off a bidding war for the company.
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The tenth-largest US airline, ATA Airlines has filed for bankruptcy protection and sold off airport slots and other assets to AirTran Airways for $ 87.
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ATA Holdings Corp. ATAH.O, parent  of struggling low-cost carrier ATA Airlines, on Tuesday filed  for Chapter 11 bankruptcy protection as falling fares and  soaring fuel prices drained it of cash.
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No. 3 airline says loss to be worse than forecasts; gives new warning of bankruptcy threat. NEW YORK  - Delta Air Lines Inc.
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Federal bankruptcy judge will next consider the sale of all or part of the Indianapolis-based airline. By Ted Evanoff. A federal bankruptcy judge approved the $15.
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Wall Street puts Independence Air's parent on its bankruptcy watch list after an analyst offered a grim forecast for the local, four-month-old low-cost carrier.
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The low-cost carrier reverses course, and results fly in the face of expectations.
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ALEXANDRIA, Va.  - US Airways Group Inc. sought  bankruptcy on Sunday for the second time in two years, squeezed  by low-cost rivals, soaring fuel prices and a failure to win  new labor concessions.
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Problems with computers lead the fire engine maker to file for bankruptcy protection.
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Our position is: ATA was caught in forces that are pounding the entire airline industry. Indianapolis-based ATA Airlines, which declared bankruptcy Tuesday, was caught in a convergence of business forces that
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US Airways Group Inc. sought bankruptcy on Sunday for the second time in two years, squeezed by low-cost rivals, soaring fuel prices and a failure to win new labor concessions.
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ATA Holdings Corp. (ATAH), parent of struggling low-cost carrier ATA Airlines, on Tuesday filed for Chapter 11 bankruptcy protection as falling fares and soaring fuel prices drained it of cash.
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Business & money: Airline says environmental campaigns against low-cost flying are affecting demand.
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Air Polonia, Poland's low-cost airline, suspended all flights indefinitely on Sunday in a possible prelude to bankruptcy after an expected investor canceled plans to inject &#36;10 million into the company, airline officials said.
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ATA Airlines, which accounts for about two-thirds of Chicago Midway Airport&#39;s traffic, filed for Chapter 11 bankruptcy reorganization Tuesday.
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Three of the nation's largest airlines could be operating under bankruptcy protection in coming weeks, analysts say, the latest sign of the industry's upheaval as it lurches through a  transformation.