CcrlR
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Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:04 am

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)
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:07 am

Are you serious? Completely out of business?
"Generosity is giving more than you can, and pride is taking less than you need." - Khalil Gibran
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:11 am

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
 
Guest

RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:14 am

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.
 
Type-Rated
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:17 am

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.
Fly North Central Airlines..The route of the Northliners!
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:17 am

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
 
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c172akula
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:18 am

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.
 
CcrlR
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:20 am

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)
 
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lindy field
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:21 am

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.
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:23 am

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
 
CcrlR
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:26 am

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)
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:40 am

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
 
CcrlR
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:46 am

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)
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 7:57 am

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
 
MAH4546
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 8:03 am

BA, nobody can predict the future, but in my eyes, jetBlue has succeded.
a.
 
BA
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 8:12 am

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
 
Lemieux66
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 9:00 am

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.
 
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spinkid
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 9:06 am

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



 
DeltaRules
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 9:09 am

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
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CcrlR
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 10:42 am

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)
 
MAH4546
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 11:36 am

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.
 
Mark_D.
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 11:55 am

Terrible for Midway to have to go in the wake of such an outrage as what happened yesterday.
 
AJ
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 11:58 am

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.
 
AA737-823
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CcrlR

Thu Sep 13, 2001 12:39 pm

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.
 
IMissPiedmont
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 12:45 pm

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.
The day you stop learning is the day you should die.
 
gsoflyer
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 1:18 pm

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 a city. There are many comparable sized cities/areas with less.
 
srbmod
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 3:42 pm

Another airline that went under due to an international incident was Eastern. Eastern folded several days after the Persian Gulf War started, because many people were afraid to fly during the conflict due to fears of terrorist actions. The Gulf War also lead to the final downfall of Pan Am, which as an earlier post mentioned began a downward spiral after the bombing of flight 103 in 1988. Midway went out on a bad note, its' demise will merely be a footnote in the news for today, since bigger stories were dominating the news.
 
trintocan
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RE: Midway Airlines Is Out Of Business

Thu Sep 13, 2001 6:32 pm

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 767-200 into the North Tower of the WTC.

Condolences to all the employees and their families. Others may yet follow.

Trintocan.
Hop to it, fly for life!
 
CcrlR
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RE: Midway Airlines Is Out Of Business

Fri Sep 14, 2001 4:17 am

If anyone has anything about what happened to Eastern Airlines I want to know ok?
"He was right, it is a screaming metal deathtrap!"-Cosmo (from the Fairly Oddparents)
 
Guest

RE: Midway Airlines Is Out Of Business

Fri Sep 14, 2001 4:40 am

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 happened then was an almost overnight loss of confidence in it. People were scared to fly because it was a Pan Am aircraft that had been blown out of the skies.

In my view, that's going to be what happens with both AA and UA. And add to that the multi-billion dollar lawsuits - which they will lose because in the US unlike most other countries it's the airlines, rather than central government which are responsible for security - then I wouldn't want to bet much at all for their chances on being around in say five years time.

As if that wasn't enough, both of those carriers are already carrying crippling overheads thanks to high pay and other fixed costs which must be drastically trimmed as we go into what will probably be the worst aviation downturn, ever. The new security measures are going to cost mega-bucks - and those costs are going to be passed on to the passengers. This is going to result in far fewer people being able to afford - let alone want - to travel - and that means that we're looking at many tens of thousands of layoffs.

Things are going to get very bad, very soon.
 
wirraway
Posts: 1294
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RE: Midway Airlines Is Out Of Business

Sun Sep 23, 2001 12:04 am

The hot rumour today is that Richard Branson's
Virgin Blue has secured 10 737s ex Midway.

Wirraway

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