Airline Roulette (Part Two of What Promises to be a Umpteen Part Series)
Minutes after I finished posting the last note on airline bankruptcies, along comes Frontier Air with their bankruptcy. I really hate it when everyone jumps on the bandwagon.
One difference and this is probably major for those holding Frontier Air reservations, is that they did not discontinue operations. They just filed for Chapter 11 protection while they inevitably reorganize and secure new lines of credit and the executives hoover up their bonuses before the coffers run dry.
And in undoubtedly related news Northwest and Delta have agreed to a merger. I'm not sure where on the list of largest American airlines this will place them but it probably will be slightly ahead of Frontier.
