ATA Airlines: Another Bankruptcy

[24/7 Wall St.]

<b>24/7 Wall St. Daily News</b>

At Aloha Airlines the reason for Chapter 11 was high fuel costs and too much competition. Overnight ATA Airlines went into bankruptcy because it lost a key military contract. As the reasons add up, filing Chapter 11 is back for the industry. Carriers like AMR (AMR) and Delta (DAL) are still near 52-week lows. High fuel costs and falling passenger bookings due to a recession could make those stock prices worse. Most airlines have too much debt and are heading toward a period of too little cash flow. The airline industry is one were going into bankruptcy is almost a...<div class="feedflare">
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complete story here... (http://www.247wallst.com/2008/04/ata-airlines-an.html)