Originally Posted by FloridaLarry

Engines not turning make silence.

Since they de-listed their stock, they have virtually no public reporting to file, and they have no motive to report continued failures to get or keep destinations. Except when a local airport seeks or gets a new carrier, the news media don't really care.

GLA seems to be a victim of holding on to a business model that has past its time. The glut of CRJ-200s and EMB-135/145s on the market means that existing regionals can use then in thinner markets (with or without subsidies, EAS or contractual from air-carrier-less desperate airports). Small carriers can start scheduled service with inexpensive used airframes. Shiny Jet Syndrome actually works for people using small jets, since PAX normally prefer jets to piston engines or turboprops. That's why we see Skywest and some AA wholy-owneds getting cities away from GLA.

GLA has older aircraft with diminishing value, and not much to bring to the table to (a.) buy jets, (b.) buy a jet carrier, (c.) even be an interesting merger partner, or (d.) attract enough new investment to overcome these factors. I'm not privy to their financials, but with very low break-up value, when GLA busts enough loan requirements, it'll take an investor who needs some losses to pull the plug

Too bad, but they haven't found a way out of this downward spiral yet.