Out of curiosity:
Why did the second Midway airlines fail? I know they moved HQ from MDW to RDU as discussed in the airline home base thread. But this brought me to wonder why was it that this airline actually failed? They seemed to be doing well. They had a good structure with a simplified fleet of CRJs and 73Gs. Were overhead and operational expenses for the CRJ and for operations in RDU to high, or was it competition from other airlines on their heavily east coast route structure?