Contrary to conventional wisdom, "there is no clear evidence" that US airlines operating under Chapter 11 bankruptcy protection "harm the industry by contributing to overcapacity or underpricing their competitors," according to a new study by the US General Accounting Office, the investigative and research arm of Congress. Furthermore, GAO found that in individual markets and industrywide, "the liquidation of major airlines has had only a very temporary or negligible effect on capacity, as ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.