Bankruptcy or consolidation? Experts debate future of U.S. airlines

07/23/2009 | ABC News · Philadelphia Inquirer, The · Wall Street Journal, The

Experts are once again debating whether the airline industry could see bankruptcies this year, following a series of disappointing earnings reports from some major carriers. With credit payments coming due and cash dwindling, some analysts predict not all airlines will make it to next summer's busy travel season in their present form. Bankruptcy isn't the only option, however. Many experts say airlines will opt for mergers instead. "One thing is certain. ... The size and share of the industry may radically change over six to 12 months, with leaner winter months witnessing the greatest potential upheaval," JPMorgan Chase analyst Jamie Baker said in a report.

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ABC News · Philadelphia Inquirer, The · Wall Street Journal, The

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