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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 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 million.
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 24, 1982 · Even with that, Braniff had lost $336 million during the past three years and had not earned a profit since 1978. So far in 1982, it had lost $43.2 million.
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Apr 25, 2013 · Free of the burden of their original venture, Thomas and Paul Braniff started up a new airline called Braniff Airways, Incorporated. They slowly expanded through the Midwest. In a bid to get the Chicago – Dallas airmail route, Paul Braniff presented the airline's case in Washington DC.
