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Bankrupt ATA airline sets new course
Friday, 01 Mar, 2006
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ATA Airlines comes out of bankruptcy today with a new business plan.
The Indianapolis-based airline, once the nation’s 10th largest carrier, says it is now focusing on vacation travel.
The airline’s fleet has been scaled back and its labor force cut in half since it filed for Chapter 11 in October of 2004.
ATA’s emergency plan focuses on such destinations as Cancun, Los Angeles and Las Vegas. It’s outline was approved by a federal bankruptcy judge.
Company officials said they planned a slow but steady climb back to profitability. The airline also hopes for a boost in summer travel.
Report by David Wilkening
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