Bloomberg.com said this is at least the third low-cost airline to file Chapter 11. A post from ConsumerAffairs.com reported ATA is "the tenth-largest U.S. airline by traffic (and) joins United, US Airways and Hawaiian Airlines in bankruptcy."In Thursday's press release, ATA attributed the filing to high fuel prices and the loss of a key military contract, although the article from Consumer Affairs said the airline "has long been hobbled by its costly leases, estimated to be about $100 million per year over prevailing market rates."
2,200 people lost their jobs and thousands of travelers were affected. A Briggs Passport and Visa Travel Blog has information about obtaining a refund, if you happen to qualify for one.
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