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—three scheduled service U.S. carriers that all ceased passenger flying within one week in late March and early April. Different factors contributed to the demise of each carrier: Aloha ...

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