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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. Photo: Aero Icarus via flickr
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May 13, 1982 · In 1980, Braniff lost $131 million and in 1981, the airline had a net loss of almost $161 million. Its total debt obligation Wednesday was almost $1 billion -- clearly in excess of $858...
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.
Jun 9, 2022 · Braniff International Airways was then renamed to Braniff International in 1965. In 1967 Braniff, purchased Pan American-Grace Airways (known as Panagra) from shareholders of Pan American World Airways and W.R. Grace, increasing its presence in South America. The merger was effective on 01Feb1967.
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Aug 28, 2019 · As a result of deregulation, over-expansion and over-spending, Braniff lost the Battle of DFW and declared bankruptcy, ceasing operations on May 12, 1982. It was a shock to all, especially passengers and employees who were left stranded, some in foreign countries.
