December 09, 2002

The NY Times reports ominously that of the seven major airlines that have emerged out of BK protection since 1978, only two (Continental Air and America West) survive today. Not so lucky: Braniff, Eastern Air, Pan American, World Airways and T.W.A. Together with U.S. Air, which filed last year, United is the fifth airline to file after giving millions to have an arena or stadium named after it.

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