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With the addition of the South America route system, merger with Mid-Continent Airlines, and reduction in mail subsidy on the Mid-Continent system, Braniff International Airways recorded a US$1.8 million operating loss during 1953.
With the addition of the South America route system, merger with Mid-Continent Airlines, and reduction in mail subsidy on the Mid-Continent system, Braniff International Airways recorded a US$1.8 million operating loss during 1953.
May 12, 2023 · On May 12, 1982, the aviation industry mourned the loss of Braniff International Airways, once a prominent and innovative airline that had graced the skies for over five decades. Known for its colorful aircraft, cutting-edge design, and forward-thinking approach, Braniff was an icon in the industry. However, despite its rich history and loyal ...
- Senior Editor
May 24, 1982 · Braniff International, the ninth largest U.S. airline, declared bankruptcy. It was the first failure of a major carrier since American aviation came flying out of the barnstorming era in the...
May 14, 1982 · When it went out of business, Braniff had accumulated a net loss of $377 million since 1979. Why couldn't the airline borrow the money? The airline had already accumulated a debt of nearly $1...
May 13, 1982 · WASHINGTON -- Braniff International's failure was due to over-expansion after airline deregulation, but that does not mean deregulation is bad for the country, the former chairman of the...
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May 17, 1982 · DALLAS -- Moving with urgency, a few top Braniff executives secretly plotted the airline's shutdown in a 'war room environment,' knowing any leak would spark a stampede of jet seizures and...