KBTX - Money - Headlines

ATA Closes Operations, Files Chapter 11

By: AP
By: AP


INDIANAPOLIS (AP) - ATA Airlines is scrambling to help stranded
customers traveling after the company filed for bankruptcy and
canceled all of its flights.
Advisories are posted at ticket counters in the handful of
cities the airline served.
Once the 10th-largest airline in the nation, ATA is in
bankruptcy for the second time in three years. It's blaming the new
setback on the loss of a military charter business.
ATA flew about 50 flights a day, mostly between Hawaii and
Oakland, Los Angeles, Phoenix and Las Vegas. The airline's 2,200
employees are being notified that their services are no longer
needed.
Like other airlines, ATA has struggled in a weak economy with
soaring fuel prices.


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