Three airlines went out of business in one week and Champion Air will call in quits at the end of May. Experts believe most major airlines will survive. According to a report by the Associated Press, experts fear that regional airlines could be in danger. “The risk really is in some of the second-tier carriers that have less financial means than the major airlines,” said Kevin Mitchell, chairman of the Business Travel Coalition. The article cites a dispute between Delta Air Lines and Mesa Air Group as evidence of the threat against regional airlines. Delta plans to cancel a contract-flying agreement with Mesa worth $20 million per month. Mesa is taking Delta to court over the matter. Sources also identified AirTran and Frontier Airlines as carriers that could be in danger of going bankrupt.
