ATA Files for Bankruptcy

As expected, ATA filed for bankruptcy yesterday, amid speculation that America West wants to buy all of its assets. Despite that, ATA announced that it will sell its gates at Chicago-Midway, as well as landing slots at LaGuardia and Reagan National to AirTran. If that deal goes through, AirTran will be the big winner here, gaining difficult-to-get slots at 2 key airports.

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