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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 · By 1982, the airline had accumulated a net loss of $377 million over a three-year period. It also owed $1 billion to 26 banks, 11 insurance companies, and several aircraft manufacturers.
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Embark on a journey through time with the Braniff International Airlines timeline. Explore the decades of aviation excellence, from the inaugural flights to groundbreaking innovations. Follow the evolution of Braniff International Airlines through key milestones and historic moments that have shaped
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Sep 19, 2020 · They expanded routes at a time of soaring fuel costs and cutthroat fare wars. Expenses rose while revenues sank. The airline has already accumulated a debt of nearly $1 billion, owed to 26 banks, 11 insurance companies and various aircraft makers. Braniff simply ran out of cash, couldn't meet payroll and ceased air carrier operations in May 1982.
Jun 25, 2024 · The carrier saw their first operating loss in over a decade. And it just kept getting worse. Adding new routes and bigger planes didn’t help. Nor did the bullseye target placed on Braniff’s back by competing legacy carriers. Braniff moved quickly to contract its routes and equipment expansion plans, but it was too little, too late.
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Apr 10, 2022 · Braniff International was a big name in US airline transportation from 1930 until its bankruptcy and shutdown in May 1982. Starting out with Lockheed Vegas and Douglas DC-2s and DC-3s, the airline carved out a niche in Texas, Oklahoma and Kansas, and after WW2, won a South American route award that terminated in Buenos Aires.
