Airline bankruptcies in the United States

From Wikipedia, the free encyclopedia
Jump to: navigation, search

A number of major airlines have declared bankruptcy and have either ceased operations, or reorganized under bankruptcy protection. Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs. Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy.

Timeline[edit]

This is a timeline of airlines who have filed for bankruptcy protection. Also see list of defunct airlines for a list of airlines which are no longer operating.

U.S. airlines bankruptcy filings[edit]

Chapter 7[edit]

This is a list of airlines that have filed for bankruptcy protection via Chapter 7 in the United States.[1]

Airline Date Bankruptcy filed Notes
National Florida December 2, 1980
Evergreen International Airlines December 31, 2013

Chapter 11[edit]

This is a list of airlines that have filed for bankruptcy protection via Chapter 11 in the United States.[2]

Airline Date Bankruptcy filed Date Exited Bankruptcy Notes
New York Airways 1979-05-18May 18, 1979 Ceased operations
Aeroamerica 1979-11-19November 19, 1979 Ceased operations
Florida Airlines 1980-01-24January 24, 1980 Ceased operations
Indiana Airlines 1980-03-03March 3, 1980
Air Bahia 1980-12-15December 15, 1980
Tejas Airlines 1980-12-31December 31, 1980
Mountain West Airlines-Idaho 1981-03-06March 6, 1981 Ceased operations
LANICA 1981-03-16March 16, 1981
Coral Air 1981-07-13July 13, 1981
Pacific Coast 1981-09-11September 11, 1981
Swift Air Line 1981-09-18September 18, 1981
Golden Gate (Airline) 1981-10-09October 9, 1981
Pinehurst Airlines 1982-01-26January 26, 1982
Silver State Airlines 1982-03-03March 3, 1982
Air Pennsylvania 1982-03-26March 26, 1982
Air South 1982-04-02April 2, 1982
Cochise Airlines 1982-04-16April 16, 1982
Braniff International 1982-05-13May 13, 1982
Astec Air East 1982-07-08July 8, 1982
Will's Air 1982-08-19August 19, 1982
Aero Sun International 1982-10-15October 15, 1982
Aero Virgin Islands 1982-10-19October 19, 1982
Altair Airlines 1982-11-09November 9, 1982
Continental Airlines 1983-09-23September 23, 1983
Frontier Airlines 1986-08-26August 28, 1986
Eastern Airlines 1989-03-09March 9, 1989
Partnair 1989-10-01October 1, 1989
Pan American World Airways 1991-01-08January 8, 1991
America West Airlines 1991-06-28June 28, 1991 1994-08-26August 26, 1994 [3][4]
Trans World Airlines 2001-01-10January 10, 2001 Filed as part of an acquisition by American Airlines
US Airways 2002-08-11August 11, 2002 2003-03-31March 31, 2003
United Airlines 2002-12-09December 9, 2002 2006-02-01February 1, 2006
Air Canada 2003-04-01April 1, 2003 2004-09-30September 30, 2004
Flash Airlines 2004-03-01March 1, 2004
US Airways 2004-09-12September 12, 2004 2005-09-27September 27, 2005 Second filing, emerges in conjunction with its acquisition by America West
Aloha Airlines 2004-12-30December 30, 2004 2006-02-17February 17, 2006
Northwest Airlines 2005-09-14September 14, 2005 2007-05-31May 31, 2007 Acquired by Delta in 2008
Delta Air Lines 2005-09-14September 14, 2005 2007-04-30April 30, 2007 Filed, putting 4 of the top 7 carriers in the United States under bankruptcy protection, wholly owned subsidiary Comair Airlines taken into bankruptcy with Delta Airlines
Maxjet Airways 2007-12-26December 26, 2007 Discontinued operations
Aloha Airlines 2008-03-31March 31, 2008 Discontinued passenger transporting operations
ATA Airlines 2008-04-03April 3, 2008 Discontinued operations
Skybus Airlines 2008-04-05April 5, 2008 Discontinued operations
Frontier Airlines 2008-04-10April 10, 2008 2009-10-01October 1, 2009
Eos Airlines 2008-04-26August 26, 2008 Discontinued operations
Sun Country Airlines 2008-10-06October 6, 2008
Primaris Airlines 2008-10-15October 15, 2008 Discontinued operations
Mesa Airlines 2010-01-05January 5, 2010 2011-03-11March 11, 2011
Arrow Air 2010-07-01July 1, 2010 Discontinued and liquidated
Mexicana 2010-08-28August 28, 2010 Suspended operations
American Airlines 2011-11-29November 29, 2011 Filed and continues operations - Includes AMR parent company, Current CEO steps down, takes wholly owned subsidiary American Eagle Airlines into bankruptcy.
Pinnacle Airlines 2012-04-02April 2, 2012 Filed and continues operations, includes Pinnacle Airlines, Mesaba Airlines and remains of Colgan Airlines [5]

References[edit]

  1. ^ "List of Airline Bankruptcies Since Deregulation". Associated Press. Nov 29, 2011. Retrieved 23 May 2012. 
  2. ^ "List of Airline Bankruptcies Since". Associated Press. Nov 29, 2011. Retrieved 23 May 2012. 
  3. ^ "America West Files for Chapter 11 Bankruptcy". LA Times. Aug 26, 1994. Retrieved 26 Aug 1994. 
  4. ^ "America West Emerges From Bankruptcy". New York Times. June 28, 1991. Retrieved 28 June 1991. 
  5. ^ "Pinncale Files for Bankruptcy Protection". New York Times. April 2, 2012. Retrieved 2 April 2012.