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People Express Airlines, stylized as PEOPLExpress, was a low-cost airline in the United States that operated from 1981 until it merged with Continental Airlines in 1987. Its headquarters was in the North Terminal (later Terminal C) of Newark Liberty International Airport (EWR) in Newark, New Jersey .
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.
He then acquired more nonscheduled airlines—Twentieth Century Airlines, Trans-American Airlines, Trans-National Airlines, and Hemisphere Air Transport—to bring North American Airlines' de facto fleet to 14 DC-3s and 1 DC-4, and to ensure the "3 and 8" limit would never again strangle their business. [17]
Capitol Airways was founded by Jesse F. Stallings (1909–1979), an airline captain, and Richmond Mclnnis, his associate. The company was incorporated in Tennessee on 11 January 1946. [5] Capitol's Letter of Registration (what such airlines had at the time in lieu of a certificate) [6] was issued 11 August 1947. [7]
As jets were integrated into the market in the late 1950s and early 1960s, the industry experienced dramatic growth. By the mid-1960s, airlines were carrying roughly 100 million passengers and by the mid-1970s, over 200 million Americans had traveled by air.
In one famous example during the 1980s, Robert Crandall, then the head of American Airlines, bragged about how removing just one olive from every salad saved the airline $40,000 a year.
The following is a list of defunct airlines of the United States.However, some of these airlines have ceased operations completely, changed identities and/or FAA certificates and are still operating under a different name (e.g. America West Airlines changed to use the identity of US Airways in 2005 – which itself also changed identity to American Airlines in 2015).
The airline continued to operate scheduled flights and profits were seen to be sustainable. The airline was in good shape. 2010 was a better year for the airline due to no recorded incidents or accidents following the ditching of flight 1549 the previous year. The airline was profitable up to the merging with American Airlines in 2015.