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Bankrupt: Lufthansa Partner PrivateAir

It started with a Swiss court in October to declare bankrupcy proceeding against PrivateAIr after a vendor asked the court. PrivateAir responded it was a mistake and managed to operate for another month and a half. Today on December 5, PrivateAir asked a Swiss Court to continue bankruptcy proceedings. 

American Airlines bankrupt

When checking the American Airlines website, the following warning message is posted on the AA homepage:

Cabin crew of bankrupt airline produces nude calendar to recoup lost...

The cabin crew of a bankrupt budget Spanish airline produced a nude calendar to publicize their battle to recoup their lost wages, Spain's La Voz Libre reported Wednesday.

Battle for Frontier Airlines heats up

The airline auction battle for bankrupt Frontier Airlines picked up a headwind today as Southwest bid $170 million for the carrier.

Danish airline buys parts of bankrupt Sterling

COPENHAGEN, Denmark — Danish domestic airline Cimber Air said Thursday it has taken over key parts of bankrupt budget airline Sterling Airways A/S for an undisclosed amount.

What to do when your airline files for bankruptcy

What do you do if your airline goes bankrupt? I hear this question a lot lately, and if some big-name financial gurus are right, we'll all be hearing it more often in the future.

Fuel costs could bankrupt most airlines next year

FORT WORTH, Texas - A new study released by a business travelers group has predicted most major airlines will be bankrupt by next year if fuel costs remain high. The study, which was commissioned by the Business Travel Coalition, said the commercial aviation industry is "in full-blown crisis and heading toward a catastrophe."

Lately going bust seems to be airlines’ favorite pastime

I'm a numbers guy. Loved statistics in college. I ruminate over batting averages and calculate in my head exactly how to add a 15 percent tip.
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