ATA Airlines runs on empty, finally stalls as fuel costs rise — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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ATA Airlines runs on empty, finally stalls as fuel costs rise

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Budget carrier ATA Airlines, based in Indianapolis, laid off 2,230 employees when it filed for bankruptcy and ended operations in April.

The company cited skyrocketing fuel costs, plus the loss of two critical deals as primary causes for the shutdown. ATA, a subsidiary of Global Aero Logistics, lost a military charter agreement plus a service deal with FedEx just before it closed its doors.

ATA Chief Operating Officer Doug Yakola said the closure was “an outcome we and our employees had worked very hard and made many sacrifices to avoid.”

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