History of U.S. Airline Bankruptcies

Published November 29, 2011

| FOXBusiness

American Airlines (AMR) is the last of all the major U.S. airlines to have filed for bankruptcy. The following list shows the history of airline bankruptcies and the amount of assets they had on their books at the time of filing, with some dating back as far as 1989.

(Not a comprehensive list. Assets noted where available.)

U.S. Airline Bankruptcies History

COMPANY START ASSETS
UAL Corp.'s United Air Lines 12/09/02 $22,800,000,000
Delta Air Lines 9/14/05 $21,561,000,000
Northwest Airlines 9/14/05 $14,352,000,000
US Airways, Inc. 9/12/04 $8,600,458,000
US Airways, Inc. 8/11/02 $8,025,000,000
Continental Airlines Holdings 12/3/90 $7,656,140,000
Eastern Air Lines, Inc. 3/9/89 $4,037,000,000
Trans World Airlines, Inc. 1/31/92 $2,864,530,000
Trans World Airlines, Inc. 6/30/95 $2,495,210,000
Pan Am Corp. 1/8/91 $2,440,830,000
Trans World Airlines, Inc. 1/10/01 $2,137,180,000
America West Airlines 6/27/91 $1,165,260,000
Resorts International 11/12/89 $1,034,580,000
Frontier 4/11/08 -------------
Aloha 3/20/08 -------------
ATA 4/3/08 -------------
Skybus 4/7/08 -------------
Kitty Hawk, Inc. 5/1/00 -------------
Evergreen International Aviation 9/20/93 $761,040,000
Resorts Int'l, Inc. 3/21/94 $575,790,000
Aloha   1/3/05 -------------
Midway Airlines, Inc. 3/25/91 $468,470,000
FLYi Inc's Independence Air 11/7/05 $378,500,000
Tower Air, Inc. 2/29/00 $350,760,000
Midway Airlines Corp. 8/13/01 $349,000,000
Fine Air Services Corp. 9/27/00 $303,030,000
Braniff, Inc. 9/28/89 $237,550,000
Krystal Company, Inc. (The) 12/15/95 $130,790,000
Western Pacific Airlines, Inc. 10/05/97 $119,690,000
Aloha Airgroup, Inc. 12/30/04 $100,000,000
Hawaiian Airlines 03/21/03 $100,000,000
HAL, Inc. 9/21/93 $105,740,000
Metro Airlines, Inc. 4/1/91 $99,480,000
Rocky Mt. Helicopters 10/13/93 $95,040,000
Crescent Airways Corp. 2/3/95 $40,630,000
Vanguard Airlines, Inc. 7/30/02 $39,724,302
Kiwi International Air Lines 9/30/96 $36,070,000
International Total Services 9/13/01 $31,500,000
Flight International Group, Inc. 2/4/94 $28,950,000
StatesWest Airlines, Inc. 12/15/92 $28,490,000
Conquest Industries, Inc. 1/23/96 $27,440,000
Royale Airlines, Inc. 9/9/87 $27,000,000
Pan Am Corp. 2/26/98 $26,550,000
Presidential Airways 10/26/89 $25,440,000
CCAIR, Inc. 7/5/90 $25,420,000
Mid Pacific Air Corp. 1/20/88 $17,050,000
WorldCorp, Inc. 2/12/99 $16,830,000
Florida West Airlines, Inc. 10/11/94 $16,060,000

 

(Information provided by bankruptcy tracking service bankruptcydata.com, company documents and news reports.)

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