ATA Airlines

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Title: ATA Airlines

Essay Details:

Subject: Business

Author: Katherine J

Date: December 27, 2013

Level: University

Grade: A

Length: 2 / 441

Essay text:

George Mikelsone said the AirTran deal would provide immediate cash infusion while he lines up financing elsewhere. ATA lost $90 million dollars in the first half of this year on revenue of $778 million dollars. ATA Airlines is trying everything they can to have their company. But they are going to have to wait it out. Some of their opinions is to reorganize, return to profitability, settle their debts, and be released from bankruptcy; or they could go out of business and have their assets auctioned off under court supervision to pay as many of their remaining debts as possible. They say that the bankruptcy could probably go on for many months, perhaps for years...

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