ATA Airlines and Skybus Airlines both went belly up last week, the second and third carriers to abruptly cease operations in the span of a week. On April 2, Indianapolis-based ATA filed for bankruptcy, and on April 3 at 4 a.m. EDT, ATA discontinued operations effective immediately, leaving thousands of passengers stranded and scrambling to book alternative flights. Columbus, Ohio-based Skybus announced on Saturday, April 5, that it was closing up shop. This follows the abrupt March 31 ...

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