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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.
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).
Southwest Airlines suspended about 40% of its flights in late March and stored 50 aircraft but denied rumors of pilot furloughs or bankruptcy. [190] By the end of April, the airline canceled about 50% of its flights through late June, parked 350 of its 742 aircraft, delayed many Boeing 737 MAX deliveries, and was claiming losses of at least US ...
Southwest Airlines said on Monday that it would slash 15% of its corporate workforce, or about 1,750 employees. The cuts are the first major layoffs in Southwest's 53-year history and the airline ...
WASHINGTON (Reuters) -Southwest Airlines promised to reimburse passengers for expenses such as hotels and car rentals in addition to refunding tickets after it canceled thousands of flights due to ...
Southwest Airlines continued to scrub at least 2,600 flights Tuesday as it struggled to recover from “operational challenges” caused by the winter storm, which battered most of the U.S. in the ...
On July 30, 2009, Southwest Airlines made a $113.6 million bid for bankrupt Frontier Airlines Holdings, the parent company of Frontier Airlines. Southwest planned to initially operate Frontier as a stand-alone carrier, eventually absorbing the airline and replacing Frontier's aircraft with Boeing 737s. [ 102 ]
Southwest Airlines has been sued by a passenger who said it failed to provide refunds to passengers left stranded when an operational meltdown led the carrier to cancel more than 15,000 flights ...