Post by Chicago Jake on Apr 3, 2008 10:09:07 GMT -6
Anyone with tickets on today's flights are officially SCREWED. Imagine showing up for your flight to Hedo and being told your airline just went tits up!.......Jake
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ATA closes operations, files Chapter 11
INDIANAPOLIS - ATA Airlines shut down operations and stranded thousands of travelers Thursday when an unexpected loss of key charter flights and soaring fuel costs forced the carrier into bankruptcy.
Once the nation's 10th-largest air carrier, ATA entered bankruptcy for the second time in just over three years. The company had more than 2,200 employees, and "virtually all" were told that their jobs were gone, company spokesman Michael Freitag said.
Many passengers learned of the collapse at ticket counters, where advisories were posted in the handful of cities ATA still served. About 10,000 passengers flew ATA each day when operations were shut down, according to the airline.
"It ruins my vacation," said Beatrice Martinez, who was trying to reach Guadalajara, Mexico, from Midway International Airport in Chicago. "I'm in shock. So I guess I'll try to make other arrangements. Right now I just need to get to Mexico."
Airlines are struggling with rising fuel prices, labor strife, depressed ticket demand and heightened competition, said George Godlin, an analyst for Moody's Investor Service.
"We're in a perfect storm kind of environment right now," he said.
more:
news.yahoo.com/s/ap/20080403/ap_on_bi_ge/ata_bankruptcy_24
************************
ATA closes operations, files Chapter 11
INDIANAPOLIS - ATA Airlines shut down operations and stranded thousands of travelers Thursday when an unexpected loss of key charter flights and soaring fuel costs forced the carrier into bankruptcy.
Once the nation's 10th-largest air carrier, ATA entered bankruptcy for the second time in just over three years. The company had more than 2,200 employees, and "virtually all" were told that their jobs were gone, company spokesman Michael Freitag said.
Many passengers learned of the collapse at ticket counters, where advisories were posted in the handful of cities ATA still served. About 10,000 passengers flew ATA each day when operations were shut down, according to the airline.
"It ruins my vacation," said Beatrice Martinez, who was trying to reach Guadalajara, Mexico, from Midway International Airport in Chicago. "I'm in shock. So I guess I'll try to make other arrangements. Right now I just need to get to Mexico."
Airlines are struggling with rising fuel prices, labor strife, depressed ticket demand and heightened competition, said George Godlin, an analyst for Moody's Investor Service.
"We're in a perfect storm kind of environment right now," he said.
more:
news.yahoo.com/s/ap/20080403/ap_on_bi_ge/ata_bankruptcy_24
