Are there any american carriers, who have not gone through bankruptcy restructuring in the last 10 years? I thought some of them basically traded in the state semi-permanently.
Southwest, Spirit, Alaska, and JetBlue (and probably others, but I got tired of looking) all have _never_ gone through bankruptcy-- Southwest had even managed to turn a profit for 47 consecutive years before COVID came along last year and screwed that streak up.
Many of the other big, "traditional" national carriers (including American, Delta, and United) have been through Chapter 11 once. That's not really "trading in the state semi-permanently", though; none of the surviving big-name carriers have been through Chapter 11 more than once, and all are currently out of it.
Interesting. Thank you. in Asia, LCC are a mixed bag and many tank. I had assumed (wrongly) this was also true in the US, and beleived the C11 story. I was wrong: there are profitable LCC in the US and not all of the 2nd tiers are LCC in any case.
