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Aloha Airlines was forced into bankruptcy due to high fuel costs and a local, inter-island competition, which drove ticket prices down to a critical level. On March 21, 2008, the airline filed for Chapter 11 bankruptcy protection to stay in business. However, the airliner was forced to shut down laying off nearly 1,900 workers.SignOnSanDiego: Reno-Tahoe Airport prepares for fewer flights, higher costs (June 6, 2008)
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Fast Facts:
- Established: 1946
- Ended passenger service: March 31, 2008
- HQ: Honolulu, Hawaii
- Competitor: Mesa Air Group Inc., and Hawaiian Airlines
- Mesa Air Group Inc. addition of 50-seat Bombardier CRJ-200s contributed to Alhoa's downfallForbes: Hawaiian Airlines adds 4 more interisland jets June 4, 2008)
- Aloha said its annual fuel expenses have increased by $71 million in its final year of operationMarketWatch: Aloha Airlines files for bankruptcy (March 21, 2008)
- Aloha operated 26 aircrafts that served the five Hawaiian islands
- UAL Holdings Corporation, United Airlines' parent company, had a minority stake in Aloha Airlines and sat on the company's board
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Aloha Airlines Bankrupt News and Information
- Google News: Aloha Airlines Bankrupt
- The Associated Press: Aloha Airlines Says It's for Sale (March 22, 2008)
- MarketWatch: Aloha Airlines files for bankruptcy (March 21, 2008)
- "In a Thursday news release, the privately held, Honolulu, Hawaii-based carrier said it was unable to generate sufficient revenue because of "predatory pricing" from Mesa Air Group's. "In the highly competitive inter-island market, Aloha was forced to match Go's below-cost fares at a time when the airline industry was facing unprecedented increases in the cost of jet fuel," the company said in a press release. "
- KGMB9.com: Aloha Airlines in Bankruptcy Court (March 21, 2008)
- Forbes.com: Crude Costs Push Airline Into Chapter 11 (March 21, 2008)
- MSNBC.com: Crowded planes, higher fares on Hawaii routes (April 14, 2008)
- Wikipedia: Aloha Airlines
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