Demise of ATA, Aloha and Skybus

When Skybus started service last May as an ultra-low-cost, low-fare U.S. carrier, oil went for about $64 a barrel. When it stopped flying and filed for Chapter 11 bankruptcy protection Apr. 5, oil prices topped $100. That doesn’t tell the whole story behind the collapse of Skybus and Aloha and ATA...

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