FAQ about Airline Bankruptcies
by Edward Hasbrouck, author of “The Practical Nomad”
If you already bought tickets on an airline that has filed for bankruptcy
protection, don’t panic. You are at risk of losing your money and not being able to travel,
but there’s not much you can do about it.
If you haven’t bought tickets yet, don’t buy tickets on an airline that
is already bankrupt. A bankruptcy filing is your final warning before an airline
could be shut down by the bankruptcy court, leaving ticket holders stranded.
A better schedule, a more direct route, or a lower price probably aren’t worth
the greater risk that you might not get where you are going at all, or might not
get back home.
It’s too soon to know which airlines will go bankrupt as
a result of the coronavirus pandemic, but it likely that some will.
Whether or not airlines go bankrupt, plan for the possibility of substantial
changes to routes and schedules.
As long as the airline is still operating, you’ll probably
still arrive sometime the same day as was originally scheduled,
but be prepared for a daytime flight to become an overnight
flight, or vice versa, after you’ve bought your tickets. Allow a
generous amount of extra time (at least overnight, preferably
24 hours, the more so the more important the appointment)
between your scheduled flights and any time-critical events such
as business meetings or the departure of a tour or cruise.
Always reconfirm flight numbers and times several days before your scheduled
flights, even if the airline says that reconfirmation isn’t required.
Which airlines based in the USA are currently bankrupt?
- There’s a long but not necessarily complete list of US airline bankruptcies
here.
What about airlines based in other countries?
-
- This FAQ focuses on airline bankruptcies in the USA. Laws, including bankruptcy and consumer
protection laws, vary greatly from country to country. Depending on the situation, you may have rights
under the laws of the country where you bought your ticket, the country where the airline is based, or both.
Bankruptcies since the outbreak of the of the COVID-19 pandemic of airlines serving the USA
include LATAM and Avianca, once the two largest airlines in Latin America, and UK-based Virgin Atlantic .
Previous bankruptcies of airlines currently or formerly serving the USA include
WOW Air (Iceland) and Jet Airways (India) in 2019, Air Berlin (2017), Malev Hungarian (2012),
Spanair (2012), Mexicana (2010), and Japan Airlines (2010). Some of these are still operating
while trying to reorganize under bankruptcy court supervision. Others successfully emerged
from bankruptcy and are still flying. Others shut down and were liquidated.
Some but not all others that operate or operated service to the USA are listed here.
If an airline is in “Chapter 11” or
“reorganization”, or “under bankruptcy protection”, does this mean they
aren’t really bankrupt?
- No. Reorganization under Chapter 11 of the U.S. Bankruptcy Code
is a form of bankruptcy. It isn’t “liquidation”, but it’s not a joke,
either — it’s the last legal step before liquidation. If they weren’t
in danger of going out of business, they wouldn’t be in bankruptcy.
In order to petition the bankruptcy court for protection
from its creditors and reorganization under Chapter 11 of the Bankruptcy Code,
a company must first certify to the court that it is insolvent:
its debts exceed its assets. A bankruptcy filing
protects the bankrupt company against its creditors (including
people who have paid for tickets for future travel). It doesn’t
“protect” passengers or customers.
The bankrupt airlines say that they will continue to operate,
and will honor all tickets. Should I believe them?
- No.
- The bankrupt airlines hope to reorganize and return to profitability,
under the protection and supervision of the Bankruptcy Court.
But they might not succeed. If the Bankruptcy Court doesn’t think they have a realistic chance
of recovery, the court will order them shut down and liquidated.
The duty of the bankruptcy court is to make this decision on the basis of what is most likely
to pay off as large a fraction of the airline’s debts as possible, not on
the basis of what is in the interests of travellers.
- Since the decision of whether to allow them to continue to operate
is now in the hands of the bankruptcy courts, not the airlines,
the airlines cannot make any truthful promises about continued operations,
honoring of tickets, frequent flyer mileage credits, etc.
- It is
misleading and borders on fraud
for a bankrupt airline to say,
“We will continue to operate normally, and we will honor all tickets”,
when the decision as to whether that happens will be made by the
bankruptcy court, not the airline. The most they could truthfully
say is, “We will ask the bankruptcy court for its permission to
continue to operate, and to honor tickets.”
- For example,
one
of the first motions to the bankruptcy court
by Delta Air Lines, when it was being reorganized, included this: “the
Debtors request entry of an order … authorizing but not directing
them in their business judgment to (a) perform and honor such of
their prepetition obligations related to the Customer Programs
[including, “among others, advance ticket sales”] as
they deem appropriate and (b) continue, renew, replace, implement
new, and/or terminate Customer Programs as they deem appropriate.”
Was this consistent with the claims
on their Web site and in their press releases? I don’t think so.
But you can’t sue an airline for fraud, or for anything else, while they are in
bankruptcy. All the potential ticket buyer can do is beware.
- After filing for bankruptcy protection in November 2005, Independence Air
said categorically,
“Our flights will continue to fly as scheduled, tickets and reservations will be honored,
iCLUB members will still earn points and redeem them, and all refunds and exchanges will
be made as always.” This claim proved to be false: Independence Air flights
did not continue to operate as scheduled.
Independence Air ceased service less than 2 months after filing for
bankruptcy protection, and was liquidated.
The iCLUB frequent flyer program was terminated,
and all point in that program became worthless.
- Bankruptcy courts and the U.S. Department of Transportation (DOT)
should prohibit such fraudulent claims and “promises” about
future service by bankrupt airlines. But customers and
ticket-holders aren’t generally included in the committees
representing creditors in airline bankruptcy proceedings,
and the DOT has been notoriously reluctant to carry out
its responsibility to police false and deceptive airline advertising.
What will happen next?
- We will have wait and see. Eventually, each bankrupt airline will
either:
- Reorganize, return to profitability, settle their debts,
and be released from bankruptcy;
- Be taken over, with the permission of the bankruptcy court,
by another airline (which may or may not take over their obligations
for outstanding tickets); or
- Go out of business and have their assets auctioned off under
court supervision to pay as many of their remaining debts as possible.
How long will this take?
- Airline bankruptcy proceedings typically go on
for many months, sometimes for years. Some airlines — including
United Airlines, Continental Airlines, America West, US Airways,
Delta Air Lines, and Northwest Airlines — have reorganized under
bankruptcy protection, and are still operating, sometimes through being
acquired and merged into other airlines. TWA, for example, was a
merged into American Airlines. Northwest merged with Delta.
US Airways merged first with America West and then with American Airlines.
Many others in the USA,
and more in other parts of the world, have gone out of business,
sometimes after being in and out of bankruptcy repeatedly.
When will we know what’s going to happen?
- You’ll know when it happens, after the fact. Typically neither travellers, airline
employees, nor travel agencies get any advance notice of when the Bankruptcy Court might
order the airline to shut down. I’ve never heard of an airline that gave any advance
notice of a planned cessation of service, and judges don’t and can’t give advance notice
of what rulings they might issue. Typically an airline is operating one day under
Bankruptcy Court supervision but otherwise seemingly normally, and the next all its
planes are grounded, its offices closed, its phones unanswered, and its Web site
unresponsive.
What happens to ticket holders if an airline is still in
business but changes its schedule, cancels flights, or
discontinues routes?
-
- In almost all such cases, the airline will “protect”
ticket holders on other flights, at no additional charge.
If necessary, they will “endorse” tickets, at no charge, to
other airlines that have space available. These will
not necessary be the most convenient or direct
alternatives, and they may go by way of different connecting
airports. In general, it’s first come, first served:
if you hear that the flight you have tickets for has been
cancelled, contact the airline as soon as possible to have them
book you on alternate flights.
- If a schedule or flight change is unacceptable to the
passenger, the airline must offer a full and
unconditional refund — even if the ticket was otherwise
completely nonrefundable. Particularly
if you purchased your ticket directly from the airline,
this may be your best chance to get out of the risk of holding
tickets on a bankrupt airline. (If you purchased
the ticket through a travel agency, you may still have to
pay any penalty or refund fee charged by the travel agency,
which could be substantial.) If tickets are still
available for a similar price on another airline that
isn’t bankrupt, refuse to accept any schedule changes.
Take your tickets back to the airline, and insist on a full
refund.
I don’t want to fly on a bankrupt airline. Can I get my money
back?
- Unless there is an unacceptable schedule or flight change
(see above), or unless you successfully make a claim as a creditor with the bankruptcy
court and have it approved for payment, normal refund procedures and penalties still apply.
You would have to submit your refund request (with the physical
tickets, if you have paper tickets) to the airline or travel
agency from which you purchased them, and wait for a refund.
As always, refunds could take considerable time, and could be
affected by whatever transpires in the meantime.
What happens to ticket holders if an airline goes out of
business or is liquidated through bankruptcy?
- Ticket holders (or travellers with other outstanding claims,
such as for lost or damaged luggage)
are generally considered “unsecured creditors”. As such,
they are among the last people to get paid, if there is anything
left after all the secured creditors (such as aircraft leasing
companies) are paid. In most recent airline liquidations, ticket
holders have gotten nothing. At most, they would get pennies on the
dollar, at least if they bought their tickets in the USA.
Note, however, that claims for refunds of the taxes included in the price of your
tickets may have a higher priority than claims for refund of the fare.
Rulings on this issue have varied from country to country, but you may be able to get a
refund of taxes for unused (and unusable tickets) either from the airline or from the government,
if you can figure out whether the taxes were already passed on by the airline to the government,
and if so, to which government(s). It’s usually impossible for consumers to tell who is supposed to be holding
the taxes on unused tickets, but it’s worth filing a request for refund of the taxes
on unused tickets, even if the airline is completely out of business.
If I paid for tickets by credit card, and the airline goes out of
business, can I get my money back from the credit card company?
- In the USA, yes, but only if you paid by credit (not debit)
card, the credit card bank is still solvent (in the current financial
crisis, a major airline bankruptcy could push their credit card
merchant bank into bankruptcy), the airline ceases service entirely, and you make a
“chargeback” request in writing to the issuer of your credit card,
no later than 60 days after the date that you received the first
credit card billing statement that listed the charge for the tickets.
If you buy tickets more than 60 days in advance, and the airline
goes out of business more than 60 days after you got the bill
for the tickets, it’s too late to request a credit. This 60-day
limitation is part of the same USA law that provides the right
to a chargeback if you don’t receive the goods or services,
the Fair Credit Billing Act. It could be changed by Congress,
but there has been no proposal in Congress to extend the 60-day
chargeback request window.
Doesn’t the government guarantee my tickets or my money?
- No, at least not if you bought your tickets in the USA.
- The USA has unusually weak, “laissez faire”, aviation consumer law.
People who bought tickets in other countries such as Canada and the U.K.
on an airline that subsequently goes out of business, including
an airline based in the USA, may have substantially greater
protection than people who bought tickets in the USA.
(In the U.K., travellers are generally protected by the ATOL
bonding scheme if they buy tickets at a consolidator price,
or as part of a package holiday, from a travel agent or tour operator.
In October 2005, the UK government rejected
the recommendation of its own Civil Aviation Administration to
extend similar protections to travellers who buy tickets at published fares
and/or directly from airlines — despite the CAA’s findings that
“over half of unprotected passengers wrongly believe they are protected;
… Consumers cannot rely on other forms of protection. 90% of travel
insurance policies do not cover air carrier insolvency…. Also,
consumers are increasingly paying by debit cards to avoid air
carriers’ credit card surcharges — but this means they lose the
refund protection which credit card purchases can provide.”)
- Under laws enacted by Congress after 11 September 2001, the government
(i.e the taxpayers) guaranteed billions of dollars in (profitable, interest-bearing)
bank loans to airlines. But when travellers make (interest-free,
unsecured) loads to airlines by buying tickets now for future
travel — a significant component of airlines’ financing, on
which they depend —
there is no similar guarantee.
If you don’t think that banks are more deserving of Federal
protection than consumers, or that commercial banking corporations
should receive more security for their loans, at taxpayer expense,
than individual travellers, complain to Congress.
- A provision of the bankruptcy law in the USA,
Title
11 U.S.Code, Section 507(a)(7), gives some limited priority
(below six other categories of claims, but ahead of unsecured claims
in general) to “deposits” up to US$1800 per person
“before the commencement of the case, … in connection with …
the purchase of services, for the personal, family, or household
use of such individuals, that were not delivered or provided.”
But it’s not clear if this applies to fully paid for tickets
or only to partial deposits, and it certainly doesn’t apply
to tickets purchased for business travel or purchased after
“the commencement of the case”, i.e. after the airline has
filed for bankruptcy protection. In order to pursue a claim under this section,
you would need to file a “proof of claim” form with the
bankruptcy court, indicating that your claim is in this priority category.
If a bankrupt airline in the USA goes out of business, will
other airlines have to honor their tickets?
- No. From 2001 until 2006, a provision of Federal
law required that other USA-based airlines flying exactly the
same routes (which there aren’t in many cases) had to accommodate passengers
holding tickets on airlines that had gone out of business, for a fee,
but only if space was available (which it probably wouldn’t be in most cases, especially
if a larger airline shut down). This law was intended, and served, more
to give travellers a false sense of security about doing business with
bankrupt airlines than actually to protect them. It was enacted as a temporary
measure after 11 September 2001, and after several extensions was allowed to
expire in November 2006.
If a bankrupt airline gets taken over by another airline,
will the new airline honor tickets for the old airline?
-
- Maybe. Maybe not. It depends on the terms of the purchase
and sale of the assets of the bankrupt airline, and whether the
buyer thinks that honoring those tickets is worth the cost
in order to win the loyalty of potential customers from the old airline.
- In the past, it has gone both ways. Tickets for the “old” Pan Am were
not honored by the “new” Pan Am — the buyers had purchased the
rights to the name and logo, but hadn’t assumed any responsibility
for the debts of the old, bankrupt Pan Am. Holders of tickets on
the old Pan Am had to buy new tickets, even if they wanted to fly
on the new Pan Am. When American Airlines acquired the assets of
TWA from the bankruptcy court, they agreed to honor TWA tickets,
as did America West when they acquired the bankrupt US Airways.
I already have tickets on an airline that is in bankruptcy.
What should I do?
-
- Wait and see. You can’t get retroactive insurance,
now that they are already in bankruptcy.
- Be prepared for schedule changes, flight cancellations,
or other disruptions of your plans, before or during your trip,
possibly with little or no warning.
- If you have electronic tickets, consider going to the
airline’s ticket counter at an airport, or one of its city
ticket offices, and getting a paper printout of the “virtual coupon
record” or “passenger receipt coupon”, which has much more information than a typical
e-ticket “confirmation” or “itinerary”. If possible, get this
printed on airline ticket/boarding pass stock. This isn’t a
ticket per se, but is much stronger evidence of having a
ticket, and more likely to be useable on another airline,
than an ordinary itinerary or confirmation notice.
Some travellers need these receipts or coupon printouts for
expense reimbursement and/or tax purposes, and US Federal
regulations (14 CFR 399.83)
specifically require all airlines to provide an actual “ticket”.
(If the airline didn’t or won’t give you a complete
copy of your actual ticket, complain to the US Department of Transportation.)
Mere confirmations or itineraries are easy to forge, and don’t
provide definite proof of payment or sufficient information
to enable another airline to accept a ticket.
- If you have a major investment in a cruise, tour, business
arrangements, etc. that you would lose if your flights were substantially
delayed (for example, if you had to stand by for several days
before space was available on another airline) consider limiting your losses
by buying alternate tickets now on another airline that isn’t
bankrupt, while seats on alternate airlines are still available.
What about tickets on “codeshare” flights that have a flight
number of a bankrupt airline, but are operated by another airline, or
have another airline’s flight number but are operated by
a bankrupt airline?
-
- Legal responsibility for tickets on codeshare flights
probably depends on which airline is the “validating” or
“issuing” airline for your specific ticket — not which airline
operates the flight, which airline’s flight
number appears on your tickets, or from which airline
you bought your tickets.
- To determine the validating carrier, look in the
“Issued By” box on your tickets. If you have an e-ticket,
get a printout of the “passenger receipt” coupon of your
e-ticket, and look in the “Issued By” box. Itineraries
and Web and e-mail confirmation notices almost never identify
the validating carrier (whihc is one of the reasons it’s so
important to get the DOT to
enforce the Federal regulations
that require airlines to provide actual tickets). Remember, the validating carrier is not necessarily
the same as the airline that operates the flight, whose name and
number appears on the flight, or from which you bought
the tickets.
- The validating or issuing airline identified on your
ticket is usually considered to be the airline with which
you have a contract. If the ticket was issued by an airline that is still
in business, they have a contractual obligation to arrange
transportation — regardless of whether an airline that was,
in effect, their subcontractor to provide the transportation
has gone out of business. On the other hand, if the ticket was issued by an airline that
has gone out of business, it doesn’t matter that the
transportation was supposed to be provided by an airline that
is still flying.
- The validating or issuing airline could claim that in issuing
your ticket, they acted only as an “agent” of the airline that
operates the flight, and thus could claim that they are not
liable if the operating airline goes out of business. In the case of a codeshare flight
or tickets issued by one airline for travel on another airline,
there is no way you can be certain which airline is legally responsible.
The courts would decide that question only after the fact.
- Yes, this is confusing and counterintuitive. Since most
ticket sales Web sites don’t identify the validating airline
before tickets are purchased, and often make contradictory
claims about codeshare flights and airlines’ role as “agents” of other
airlines, it’s almost impossible for
travellers to make informed decisions about what financial
risk they are taking. These are some of the reasons why I think
codesharing is inherently fraudulent.
I have frequent flyer mileage credits on a bankrupt airline.
Are they safe?
- No. You may think of mileage credits as “money in the bank”.
But they aren’t. According to the terms and conditions of these
programs, airlines can change or eliminate them at any time,
whether or not they are bankrupt. Bankrupt airlines will probably
try to keep their frequent flyer programs as long as they
are still flying. But some airlines in, or at risk of, bankruptcy
are already increasing the numbers of miles required for awards. And of
course, if they shut down entirely, mileage credits will be
worthless.
If a bankrupt airline is liquidated, will some other airline
take over their frequent flyer program?
- Maybe. Maybe not. More likely frequent flyer records will be
sold to a data mining or direct marketing company. You might
think that records about you and your travel and purchasing
history belong to you. In Canada or
the European Union, that’s true — but not in the USA. Under
current law
in the USA, “your” frequent flyer and travel records
belong to the airline, and are theirs to sell. If the airline is
liquidated, those customer
records will be sold at the bankruptcy auction.
No comparable customer
database — identified by name, computerized, extending back for
decades, and with information on tens of millions of people — has
ever been
auctioned. But the frequent flyer and customer records of an
airline like United or American are probably worth US$50-250
million — more than any other cash-strapped airline could afford.
Only if Congress passes a
Federal travel or data privacy law
could such a sale of travel records about you be prevented.
What should I do about my current frequent flyer mileage
credits on bankrupt airlines?
- Use them up as soon as possible, while you still can.
Should I care about accumulating more miles in these programs?
- No. Don’t waste money paying extra for tickets in order to
earn more credits in a frequent flyer program that may disappear
or be devalued at any time, without warning.
Should I avoid buying tickets on bankrupt airlines
for future travel?
- Yes. All else being equal (including price), use another
airline that isn’t bankrupt.
As long as they are still flying, should I care that they are
bankrupt?
- Yes. They could stop flying with little or no warning. If they
do, it would be a major inconvenience to make alternate arrangements
to travel on another airline. You might have to pay more for
tickets, or seats might not be available at any price on other
airlines. You could lose all the money you paid for tickets. Before
you buy tickets on a bankrupt airline, think carefully about how
much it is worth to you to avoid those risks and possible expenses.
Are there any circumstances when it would still make sense to
buy tickets on a bankrupt airline?
- Maybe, but only if all of the following are true:
- The price or routing is substantially better
than any other airline that isn’t bankrupt;
- You can pay for the tickets with a credit card, and the
charge will be made directly by the airline (this rules out
almost all consolidator tickets, as discussed below);
- You will use all of your tickets within at most 60 days
of when you buy them, so you can get your money back from the
credit card company if the airline shuts down or cancels the
flights;
- Your trip is inessential, so it will be won’t be a serious
problem if you can’t take the trip at all because the flights
are cancelled and no other airline has space available;
- Your plans are very flexible, so you don’t really care what
time of day, or exactly what day, you fly; and
- You haven’t made any non-refundable arrangements that
require you to be on specific flights, or to fly on a specific
day (e.g. you aren’t meeting a cruise or tour that departs on a
specific date, or connecting to a flight on another airline).
What should I do to protect myself if I’m buying tickets on a
bankrupt airline?
-
- Pay for your tickets with a credit (not debit)
card. If you pay by
credit card, you may be able to get your money back,
eventually, from the credit card company, even if the
airline goes out of business. (See “The Practical Nomad
Guide to the Online Travel Marketplace” for a detailed
discussion of credit card chargeback rights and procedures.)
- You have no protection if you pay by debit card, rather
than by credit card. Debit card payments are treated like
cash or check payments. Once you have paid by debit card, you have to
go to court (as an unsecured creditor) to get your money back.
There is no such thing as a debit card “chargeback.”
- Make sure the credit card charge will be made, and will
appear on your credit card statement, in the name of the
airline, not in the name the travel agency,
consolidator, or tour operator. (In general, only tickets
at published fares can be charged directly by the airline.
If you pay for a consolidator ticket with a credit card, the
charge usually has to be made by the travel agency or tour
operator, not the airline. This reduces your rights and
protections, and can make it difficult, often impossible, to
recover the money from your credit card company if the
flight is cancelled or discontinued.)
- Insist on a printout of the complete “virtual coupon record”,
or at least the “passenger receipt coupon”, of your e-ticket.
If possible, try to get this printed on airline ticket stock (See above.)
- Plan for the possibility of substantial
changes to routes and schedules.
As long as the airline is still operating, you’ll probably
still arrive sometime the same day as was originally scheduled,
but be prepared for a daytime flight to become an overnight
flight, or vice versa, after you’ve bought your tickets. Allow
a generous amount of extra time (at least overnight, preferably
24 hours, the more so the more important the appointment)
between your scheduled flights and any time-critical events
such as business meetings or the departure of a tour or cruise.
What about other airlines? Will they go bankrupt too?
- Maybe.
Which other airlines might go bankrupt?
- Almost any of them might. I don’t know which ones will. There
is no airline that is certain not to go bankrupt, especially if
there is more prolonged or widespread war, or more terrorist
incidents involving airlines.
What about airlines based in countries other than the USA?
Is there more or less risk if I buy tickets on a foreign airline?
- The law, the rules, and the risks are different in every country.
This FAQ is solely concerned with bankruptcy and consumer protection
rules related to airlines based in the USA. Some airlines based in
other countries are operating under the protection and supervision
of bankruptcy courts in the countries where they are incorporated.
Some countries’ laws give consumers and travellers substantially
more rights than the USA, but some give less. Your rights depend
both on where the airline is incorporated and where you buy your tickets.
I don’t know of any readily accessible comparison of consumer protection
and bankruptcy laws for air ticket purchases around the world.
(If you find an authoritative and reliable one, please tell me and I’ll add a link.)
I’m buying tickets on another airline that isn’t (yet) bankrupt.
What can I do to protect myself?
-
- If it is available, get travel insurance
(trip cancellation and interruption insurance) when you buy your tickets that covers
“supplier default”, i.e. airline bankruptcy. Read the fine
print carefully — some travel insurance policies only cover
certain airlines that the insurers think are less likely to go
bankrupt. Note also that you can’t usually get insurance for tickets
on an airline that is already in bankruptcy, so this won’t help
you if you already have tickets on as bankrupt airline, and didn’t
buy insurance before they went into bankruptcy.
- Pay for your tickets with a credit card. (See above.)
- Avoid buying tickets more than 60 days before your travel
dates, unless seats are unlikely to be available, or
are likely to be much more expensive, on shorter notice. (See above.)
- Insist
on your a right
to a complete copy (preferably printed on airline ticket and
boarding pass stock) of your complete “virtual coupon record”, or at
least the “passenger receipt coupon” of your e-ticket. (See above.)
What will happen to airline ticket prices as a result
of these bankruptcies?
- No one knows for sure. Most airlines want to reduce the
supply of airline seats, in order to be able to raise prices
to profitable levels. If bankrupt airlines cut back their
flights, other airline will probably try to raise prices.
But if people avoid buying tickets on bankrupt airlines,
they may have to reduce prices sharply. And other airlines
that serve the same routes may feel they have to match those
price reductions. The result could well be a more extreme
yo-yoing of prices than usual, with a general upward trend in
ticket prices punctuated by “fare wars” started by desperate
bankrupt airlines.
So what should I do? How do I get the best prices?
-
- Watch for short-lived but potentially extreme
discounts, especially on routes served by bankrupt
airlines. If you get a good price, buy tickets
immediately, as prices are much more volatile than usual,
and prices are always subject to change without notice.
- If a bankrupt airline offers a tempting deal,
try to find an airline that isn’t bankrupt that’s
matching the price.
- Airlines are still selling tickets below cost.
In the medium to long term, there will be fewer
flights per capita, and prices will be higher.
Travel now, while you can still afford it.
[Updates and latest news about
airlines and airfares
from my blog.]
"Don't believe anything just because you read it on the Internet. Anyone can say anything on the Internet, and they do.
The Internet is the most effective medium in history for the rapid global propagation of rumor, myth, and false information."
(From The Practical Nomad Guide to the Online Travel Marketplace, 2001)
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