Airline credit-card connection to the financial bailout
Though airlines have been through their own financial crisis with bankruptcies rampant throughout the industry, the financial bailout is as important to them as any of their bankruptcy dealings. Without the financial industry, the airlines lose one of the most important sources of business travelers and they may lose their lucrative credit card contracts and access to millions of dollars of emergency cash.
Frontier Airlines files for bankruptcy
Frontier Airlines announced today that it has filed for Chapter 11 bankruptcy protection.