ATA Airlines :: essays research papers

On October 23, 2004 ATA Airlines filed for unsuccessful person. The Indianapolis-based carrier also said it has agreed to carry on its hub at Chicagos Midway aerodrome to AirTran, one of its major competitors, for $87.5 million dollars. Like other airlines operating in bankruptcy, AirTran said it exit maintain its full flight schedule and honor its frequent-flier commitments. The tenth-largest U.S. airline by traffic, ATA joins United, US Airways and Hawaiian Airlines in bankruptcy. ATA is the first major low-co&64817&4355st airline to anticipate bankruptcy protection. It has long been having difficulties by its costly leases, estimated to be about $ hundred million dollars per course of instruction over prevailing market rates. ATA will wring over its slots at New Yorks LaGuardia and Washington Reagan National Airport to AirTran and will fly fifteen of its aircraft on AirTran behalf for six months. ATA has not set financial support during bankruptcy but Chairman J. George Mikelsone said the AirTran deal would forget immediate cash infusion while he lines up financing elsewhere. ATA lost $90 million dollars in the first half of this year on revenue of $778 million dollars.ATA Airlines is trying every involvement they can to kick in their company. tho they are going to have to wait it out. Some of their opinions is to reorganize, return to profitability, light their debts, and be released from bankruptcy or they could go out of business and have their assets auctioned off under court supervision to pay as some of their remaining debts as possible. They say that the bankruptcy could probably go on for many months, perhaps for years. Some airlines, such as Continental Airlines and American West, have reorganized under bankruptcy protection, and are still operating. several(prenominal) others in the USA, and more in other parts of the world, have at rest(p) out of business, sometimes after being in and out of bankruptcy repeatedly. Many people had q uestions about if they bought slatings for an airline and then they went bankrupt what should they do? They need to wait and see. You cant get retroactive insurance. in any case be prepared for schedule changes, flight cancellations, or other disruptions of your plans, beforehand or during your trip, possibly with little or no warning. Another thing is if you have electronic tickets, consider going to the airlines ticket counter at an airport, or one of its city ticket offices, and remunerative to get your ticket converted to paper tickets.