Articles tagged “bankruptcy”

New owner Intelsat will need to invest in Gogo's internet services. Airline customers like Delta are impatient with Gogo's capacity to meet their needs.

Bad hotel loans in the United States in July reached record levels, 23.4 percent, but it could get worse if the coronavirus pandemic and its laissez faire enablers persist.

The existence of the deal, previously unreported, should reassure anyone about the travel tech company's near-term stability.

The shakeout in European aviation many have predicted looks like it is happening in 2019.

Germania certainly won't be the last European airline to go under this year. 2019 looks like being as challenging as 2018 – even with fuel at a much more favorable price.

It's a matter of probability that some companies will face cash crunches. It appears HotelQuickly has. But global travel search companies need to detect problems sooner. They must quickly put a pause on referring consumers to troubled companies before too many victims pile up.

Don't expect American Airlines to exit bankruptcy anytime soon. Emerging from bankruptcy without the merger issue resolved isn't an option.

Despite the objections of many, Horton may still get his $20 million severance while retirees see their benefits slashed or eliminated.