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Why Do Airlines Go Bankrupt

Why Do Airlines Go Bankrupt - Why Do Airlines Go...

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Why Do Airlines Go Bankrupt? DELTA CAN'T KEEP UP WITH JETBLUE. By Daniel Engber    Posted Thursday, Sept. 15, 2005, at 6:44 PM ET Change is in the air ... Delta Airlines and Northwest Airlines  declared bankruptcy  on Wednesday. United and US Airways are already in Chapter  11, as are the smaller companies Aloha and ATA. Continental went bankrupt in 1983 and again in 1990, and TWA filed  three times before disappearing for good. In all,  more than 100 airlines  have filed for protection against their debtors since  the late 1970s. Why do airlines go bankrupt? They can't compete with younger rivals. Airlines almost never went bankrupt in the old days, when a federal board  controlled every aspect of the industry, including ticket prices and routes. The board would also step in when an airline  was about to go under. That kind of government oversight ended with the 
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