Aloha Airlines Files for Bankruptcy

Friday March 21, 2:38 am ET By Greg Small, Associated Press Writer
Aloha Airlines Files for Chapter 11 Bankruptcy; Blames 'Predatory Pricing' by Competitor
HONOLULU (AP) -- Aloha Airlines filed for Chapter 11 bankruptcy protection Thursday, a little more than two years after emerging from bankruptcy.
Aloha said it will continue to fly as long as a bankruptcy court accepts the airline's financial plan to keep operating. The airline said in its filing that it was unable to generate sufficient revenue due to what it called "predatory pricing" by Mesa Air Group Inc.'s go! airline.
Aloha Airgroup Inc. emerged from bankruptcy protection in February 2006, just 14 months after filing under Chapter 11.
Phoenix-based Mesa Air Group launched go! into the interisland market later in 2006 to compete with Aloha, as well as Hawaiian Airlines Inc. In January, go! reported a $20 million operating loss in its first 16 months of operations. Meanwhile, Aloha and Hawaiian reported combined losses of nearly $65 million since go! began operating.

Full article: http://biz.yahoo.com/ap/080321/aloha_bankruptcy.html