Braniff Grounded As Bankruptcy Looms
Braniff International suspends all flights amid heavy debt of 732 million dollars and talks of filing for Chapter 11 in Fort Worth. Thousands seek standby seats on other carriers as Eastern and CAB move to protect passengers and routes.
MENTIONED IN THIS ARTICLE
Dallas
Braniff International
Air
Braniff
Fort Worth
Jim Skyles
Dallas-Fort Worth Regional
Houston
Eastern Airlines
Civil Aeronautics Board
Sam Coats
New York Stock Exchange
San Antonio
Dallas-Fort Worth
Kansas City
Minneapolis-St. Paul
Mary Neuhaus
Chicago
Braniff Faces Severe Turmoil Amid Airline Industry Slump
Braniff International suspends flights as U S airline losses mount. Industrywide revenue declines and fuel costs push major carriers toward insolvency with Pan Am and others cutting assets to stay afloat. Only USAir shows a small quarterly profit while others face alarmingly uncertain futures.
MENTIONED IN THIS ARTICLE
Braniff International
U.S
Trans World Airlines
C.E. Meyer Jr
Pan American World Airways
Manhattan
Usair
Airlines vow to honor Braniff tickets amid suspension
Braniff International suspends all flights prompting delays as passengers seek alternatives. American Airlines and others say they will honor Braniff tickets with restrictions while the Air Transport Association activates a standby protection plan to shield travelers with validated tickets.
MENTIONED IN THIS ARTICLE
Braniff International
Braniff
Sam Coats
American Airlines
Washington
Air Transport Association
Laker Airways
Also Mentioned on This Page
Peeanoeibod
Didsdoia
Jogbud
Sigamut
United States
Canada
Schenley Distillers Co
N.Y
OFC
Schenied
Braniff Airlines
Grapevine
Texas
The
Associated Press
Continental
Western
Republic
World Airlines
Southwest
Latin America
Europe
Orient
Aiken Standard
Aiken, S.C
Business
Sander
Styles Unlimited
Nona Willingham
eSandie Long Christy Dunbar
eRachael Corley
Aiken County
Mattie Chafee Hall
Laurens Street
North Aiken
South Carolina
National Health Corporation Management
Vicki L. Louis
Diamond Solitaire Sale
Washington Rd
Seeman
Shengoton
S.c
Hourar
Alken
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