Past Airline Bankruptcy Filings

Dec 5, 2002
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The bankruptcy of United Airlines [UAL.N], the world''s No. 2 carrier, is by far the biggest in airline history. Below is a list of the bankruptcy filings by airlines in the U.S. ranked by assets.
Company Start Assets
UAL Corp.''s United Air Lines* 12/09/02 $22,800,000,000
U.S. Airways, Inc. 8/11/02 $8,025,000,000
Continental Airlines Holdings, 12/3/90 $7,656,140,000
Eastern Air Lines, Inc. 3/9/89 $4,037,000,000
Trans World Airlines, Inc. 1/31/92 $2,864,530,000
Trans World Airlines, Inc. 6/30/95 $2,495,210,000
Pan Am Corp. (1991) 1/8/91 $2,440,830,000
Trans World Airlines, Inc. 1/10/01 $2,137,180,000
America West Airlines 6/27/91 $1,165,260,000
Resorts International 11/12/89 $1,034,580,000
Kitty Hawk, Inc. 5/1/00 $982,560,000
Evergreen International Aviation 9/20/93 $761,040,000
Resorts Int''l, Inc. 3/21/94 $575,790,000
Midway Airlines, Inc. 3/25/91 $468,470,000
Tower Air, Inc. 2/29/00 $350,760,000
Midway Airlines Corp. (2001) 8/13/01 $349,000,000
Fine Air Services Corp. 9/27/00 $303,030,000
Braniff, Inc. 9/28/89 $237,550,000
Krystal Company, Inc. (The) 12/15/95 $130,790,000
Western Pacific Airlines, Inc. 10/5/97 $119,690,000
HAL, Inc. 9/21/93 $105,740,000
Metro Airlines, Inc. 4/1/91 $99,480,000
Rocky Mt. Helicopters 10/13/93 $95,040,000
Crescent Airways Corp. 2/3/95 $40,630,000
Vanguard Airlines, Inc. 7/30/02 $39,724,302
Kiwi International Air Lines, 9/30/96 $36,070,000
International Total Services, 9/13/01 $31,500,000
Flight International Group, Inc. 2/4/94 $28,950,000
StatesWest Airlines, Inc. 12/15/92 $28,490,000
Conquest Industries, Inc. 1/23/96 $27,440,000
Royale Airlines, Inc. 9/9/87 $27,000,000
Pan Am Corp. (1998) 2/26/98 $26,550,000
Presidential Airways 10/26/89 $25,440,000
CCAIR, Inc. 7/5/90 $25,420,000
Mid Pacific Air Corp. 1/20/88 $17,050,000
WorldCorp, Inc. 2/12/99 $16,830,000
Florida West Airlines, Inc. 10/11/94 $16,060,000
(Information provided by bankruptcy tracking service bankruptcydata.com)
 
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