Unless the economy improves soon, US airlines face a liquidity crisis if revenues keep falling. Plus, how to get a Roads Scholarship.
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bankrupt
It’s now just not airlines and tour operators. Advantage Rent A Car, one of the larger discount companies, just filed for Chapter 11 bankruptcy, and is closing two-thirds of its airport locations.
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By the time you read this, Alitalia may be gone. Italy’s deeply troubled airline was on the verge of liquidation this morning, according to reports. Will anyone miss it? Probably not.
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