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Midway Airlines Is Out Of Business  
User currently offlineCcrlR From United States of America, joined Aug 2001, 2242 posts, RR: 0
Posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2610 times:
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Ralliegh- Durham NC. Ralliegh Durham INTL.
September 12 2001 at 5:55pm EDT

Due to the terrorism in New York City Midway Airlines passengers are refunding their money and the airline is out of Business. This is a sad time for the airline because they had to cope with the problems they have and now they are out of business. I don't know if there is talk to bring them back but I will let you know if they will have any more information.

(This is what I got, I don't know if it's true or not but I just got this in)


"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
30 replies: All unread, showing first 25:
 
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 1, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2466 times:

Are you serious? Completely out of business?


"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 2, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2444 times:

You're right......sad way for an airline to go out of business...

Regards.



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineAmericawest123 From , joined Dec 1969, posts, RR:
Reply 3, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2427 times:

Yes it is sad to see an airline go because of a tragic incident like this, do you guys think any other airlines will follow in Midway's footsteps?

I dont think any will go bankrupt but UA and AA are going to feel hard reprecussions from this unfortunately as well as others struggling to regain their status.


User currently offlineType-rated From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2411 times:

We knew that they were on thin ince financially and with all the additional security costs that are coming (and the airlines WILL have to absorb), this probably just put them over the edge. Their website is already gone too!
I had hoped Midway would have made it.


User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 5, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2402 times:

The airline business will be slow. It will not progress as fast as it used it, and even before this tragedy, the airline business has been slow because of the poor economy now. It will only get worse....


"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineC172Akula From Canada, joined Mar 2001, 1010 posts, RR: 4
Reply 6, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2398 times:

It's just a bad set of circumstances for this to happen as well. They probably cannot afford the losses they are taking right now.

User currently offlineCcrlR From United States of America, joined Aug 2001, 2242 posts, RR: 0
Reply 7, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2386 times:
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This is what I just got from my sources. I think this is official. Just like I said I will have more updates when they come available to me.


"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
User currently offlineLindy field From United States of America, joined Mar 2001, 3131 posts, RR: 13
Reply 8, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2384 times:
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As I mentioned before on another thread, National is next on the critical list. There's a good likelihood there will be more to follow. There are news reports predicting that this will probably be aviation's worst year ever.

User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 9, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2376 times:

I honestly don't think they will come back. MOST airlines that go bankrupt never come back. But you never know.

Regards.



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineCcrlR From United States of America, joined Aug 2001, 2242 posts, RR: 0
Reply 10, posted (13 years 3 months 1 week 5 days 9 hours ago) and read 2368 times:
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But what about Pan Am? they came back but they just go to some limited destinations. It took them a couple of years to get back and now they are.


"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 11, posted (13 years 3 months 1 week 5 days 8 hours ago) and read 2357 times:

CcrlR,

Please note that I said MOST airlines, and NOT all.

Pan Am is NOT all airlines that have gone bankrupt...........



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineCcrlR From United States of America, joined Aug 2001, 2242 posts, RR: 0
Reply 12, posted (13 years 3 months 1 week 5 days 8 hours ago) and read 2355 times:
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I know about that I said some airlines or most of them can recover them and make them go back to operation. it just takes time though. Just look at how long it took from Pan Am from going bankrupt to operation again.


"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 13, posted (13 years 3 months 1 week 5 days 8 hours ago) and read 2344 times:

CcrlR,

I disagree, when an airline goes bankrupt, it is VERY difficult to start them back up. Look at AccessAir! They've attempted 2 times already, without success and have finally given up.

Its even difficult for a new airline to start-up. These days with so many choices, there is almost no room for new airlines. Only a lucky few succeed like Vanguard and Frontier Airlines. Its too early to tell if JetBlue will succeed, I hope they do.



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineMah4546 From Sweden, joined Jan 2001, 33280 posts, RR: 71
Reply 14, posted (13 years 3 months 1 week 5 days 8 hours ago) and read 2338 times:

BA, nobody can predict the future, but in my eyes, jetBlue has succeded.


a.
User currently offlineBA From United States of America, joined May 2000, 11154 posts, RR: 59
Reply 15, posted (13 years 3 months 1 week 5 days 8 hours ago) and read 2325 times:

Mah4546,

I hope so...........

Thats what they said about Midway...and look now. At the rate they are growing, it makes it MUCH more susceptible for a new airline to go bankrupt.

Remember, 90% of start-ups have gone bankrupt because they got excited and grew too quickly.

Regards.



"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
User currently offlineLemieux66 From United States of America, joined Sep 2001, 66 posts, RR: 1
Reply 16, posted (13 years 3 months 1 week 5 days 7 hours ago) and read 2307 times:

The airlines will absorb these costs? Please. They will be passed right on to you and me. It's called business. They'll have to get back to eventually and they'll have to pass on the costs to survive.

User currently offlineSpinkid From United States of America, joined Jul 2001, 1131 posts, RR: 0
Reply 17, posted (13 years 3 months 1 week 5 days 7 hours ago) and read 2296 times:

the least CNN could do is not use stock footage from the old Midway. Let's give the new Midway some respect right





User currently offlineDeltaRules From United States of America, joined Sep 2001, 3839 posts, RR: 9
Reply 18, posted (13 years 3 months 1 week 5 days 7 hours ago) and read 2295 times:

Unbelievable!! And I thought they were doing so well for such a long time, until they went bankrupt. Where are their planes going?

Oh well...

DeltaRules



Let's Kick the Tires & Light the Fires!!
User currently offlineCcrlR From United States of America, joined Aug 2001, 2242 posts, RR: 0
Reply 19, posted (13 years 3 months 1 week 5 days 5 hours ago) and read 2265 times:
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I know it's terrible to hear that though but the planes will be returned to their lessors. (I don't know what that means though).  Confused 1,700 people will loose their jobs too from this!


"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
User currently offlineMah4546 From Sweden, joined Jan 2001, 33280 posts, RR: 71
Reply 20, posted (13 years 3 months 1 week 5 days 5 hours ago) and read 2250 times:

What about routes? They served some very important routes in the Raliegh area. Needless to say, with the loss of a Midway hub, there will be no major need for as many flights, but they are still loosing out. I know American Eagle has expanded with service to Philadelphia, Newark, and other Northeast cities (Dulles and LaGuardia), and American Airlines is adding more frequencies on MIA-RDU (but the Miami market has lost 10 daily flights between Miami and Raleigh). Raleigh is not a huge city population wise, but it's a haven for business man and business travelers.


a.
User currently offlineMark_D. From Canada, joined Aug 2001, 1447 posts, RR: 5
Reply 21, posted (13 years 3 months 1 week 5 days 4 hours ago) and read 2232 times:

Terrible for Midway to have to go in the wake of such an outrage as what happened yesterday.

User currently offlineAJ From Australia, joined Nov 1999, 2397 posts, RR: 25
Reply 22, posted (13 years 3 months 1 week 5 days 4 hours ago) and read 2227 times:

The American travelling public cannot allow this to be a further victory for their cowardly acts.
Getting 'back on the horse' is the only action that can be taken to hold your head up high.


User currently offlineAA737-823 From United States of America, joined Mar 2000, 5947 posts, RR: 11
Reply 23, posted (13 years 3 months 1 week 5 days 3 hours ago) and read 2222 times:

when a plane is returned to it's lessor, that means that the plane was LEASED from a company. Big leaseing companies include ILFC (International Leasing Finance Corp, I think) and GECAS (General Electric Capital Aviation Services). When the plane is returned to the lessor, that means that it was given back to that company due to whatever, in this case an airline going bankrupt.

We in Dallas learned that term very quickly when Legend went bust.

Also, you guy, think about this: PanAm was one of the world's biggest airlines, right up there with TWA. The economy got bad. Really bad. Late 1980s was a bad time for airlines. And then- boom- a bomb on 103. That undid the airline. Not immediately. But eventually.

TWA. Huge huge airline. Economy got bad. TWA never fully recovered. But then- boom- flt 800 exploded. The airline eventually went broke, as we all are painfully aware of right now.

No, I am not saying that these explosions caused these airlines' deaths. BUT- look at conditions RIGHT NOW: economy has gotten bad. Airlines are losing money like it's in style. All of a sudden American- the world's biggest- loses two aircraft. And United- the airline formerly known as the worlds biggest- loses two airplanes.

In all of these instances, the airline was not directly liable. Yes, PanAm was partially liable for the bomb being brought aboard. But TWA wasn't, and neither are AA or United.

The guys that hijacked those planes were just like you and me: they had tickets, they weren't carrying large or dangerous weapons. No guns. Just box cutters. And a big red box with the word "bomb" written on the side (exaggeration).

As I sit and watch CNN and hear that only TICKETED people are let past security gates, I realize that that PARTICULAR measure would have done NOTHING to stop yesterdays events. Those guys all had tickets. Why should we suffer in that way?

I am all for tightened security, and if it means that I can live through a flight and not get blown up, then I will GLADLY give up going to the airport terminal and taking pictures. But gosh, I wish there were some other way to ensure my safety as a passenger. Like....uh... gee..... airport personnel metal detectors? Or something like that, you know what I mean. Earlier yesterday they were saying that the hijackers had most likely gone through onto the ramp area. I don't know if that is actually what happened. I don't think so. So, in that case, metal detectors for airport employees would have done nothing either, I guess.

This is so sensless, I wish the whole thing just hadn't ever happened. Why did this happen? What did we ever do to Osama bin Ladin? We haven't hurt Afghanistan's feelings ever, as far as I know.

Randy

God bless us, we don't know what to do.


User currently offlineIMissPiedmont From United States of America, joined May 2001, 6340 posts, RR: 33
Reply 24, posted (13 years 3 months 1 week 5 days 3 hours ago) and read 2218 times:

The added cost of security is not what caused Midway to fail. Nor will it be the cause of the several airlines that will disappear in the next month or two. The real cause is/will be the severe downturn in air travel that will affect the US airline industry for many months.

Midway may be the first, but we will see more soon. Some may be a surprise.



Damn, this website is getting worse daily.
25 Gsoflyer : But RDU is not exactly hurting for airlines.... Tons of AA flights, NW to MSP, MWE, America West is starting service.... Not much to complain about as
26 Srbmod : Another airline that went under due to an international incident was Eastern. Eastern folded several days after the Persian Gulf War started, because
27 Trintocan : Midway's fall is thus part of a grisly collage, a constellation of events which are unfolding and which started with the fateful crash of the AA 767-2
28 CcrlR : If anyone has anything about what happened to Eastern Airlines I want to know ok?
29 Ceilidh : AA737-823 - in my view, you're spot on with yor predictions. Although the once-mighty Pan Am was in poor financial shape prior to Lockerbie, what happ
30 Wirraway : The hot rumour today is that Richard Branson's Virgin Blue has secured 10 737s ex Midway. Wirraway
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