Commence Airline Bankruptcy Prognostication
So now Frontier has filed for bankruptcy, though the carrier won't be shutting down operations during its "restructuring." That means it's time for people on the WWW to start the guessing game as to who's next. Chris Elliott leads the way this morning with a few ideas--complete with odds of bankruptcy. (Sorry, Sun Country, but 2 to 1 is pretty bad.)
Noticeably absent from the list is Virgin America, which some industry analysts say is a candidate for closure. But maybe Elliott left VA off his list because Richard Branson is making the media rounds, talking up his American carrier:
They're doing well ahead of budget and we're very happy with the performance... If you sit here in three or four years time, it'll be flying to all the major American cities.
Well. We'll see.
Given how rapid the Skybus implosion was--and how up-and-down all this renewed Delta merger talk is--we're gonna sit out this round of speculation. If you've got any real info on what's next, you'll find us at the airport bar.
Related Stories:
· Airline Deathwatch: Place Your Bets Please [Elliott]
· Branson Says Virgin Will Not Fail [Reuters]
· Airline Investors Find They're Losing Altitude [Houston Chronicle]
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