Aloha Airlines operated its last scheduled flight yesterday, shutting down operations after 61 years of service. The carrier, which flew both inter-island and transpacific routes, filed for bankruptcy March 20. It had not been profitable since emerging from a previous bankruptcy two years ago. It appears to be the first casualty of a fierce inter-island fare war kicked off in June 2006 when Mesa Air Group launched go!, which featured cut-rate fares. At the time, analysts predicted the market ...

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