The last 12 months have been filled with highs and lows for the airline industry.
On the one hand, established players like Delta Air Lines and United Airlines have seen strong growth, customer loyalty, and new opportunities — — in some cases, setting records. Even some budget airlines like Norwegian Air have seen headwinds dying down, stabilizing finances, and an end to maintenance disasters.
On the other hand, the past two years have been a bloodbath. Tons of airlines have gone out of business, some of which were well-known around the world. Bankruptcies caused by flawed business models, tight competition, bad management, and unexpected costs caused them to shutter operations and, in some cases, go into administration and completely sell off assets.
Costs associated with the Boeing 737 Max grounding and required inspections and repairs on certain Boeing 787 Dreamliner engines were another pain point.ReutersThe year 2020 looks to be off to a similar start, with Tuesday's news that Air Italy will shutter less than two years after starting operations.California Pacific Airlines: January 2019A regional airline based in Carlsbad, California, California Pacific Airlines only flew commercially for a few months before suspending operations.
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