Articles tagged “bankruptcy”

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.

Horton's package will result in some comment from the judge, but it's recognized it's a small amount to pay compared to the chunk of change he would have received if American would have exited bankruptcy independently.

1Time Airline knew of its financial problems and should have cancelled flights and refunded tickets prior to grounding its entire fleet.