Originally Posted by
TheBear
Direct quote from that wiki page:
“The airline ceased air carrier operations in May 1982 because of high fuel prices, credit card interest rates and extreme competition from the large trunk carriers and the new airline startups..”
Well thats not a surprising revalation. Its not like they would say "the airline ceased opertions because low fuel prices, low interest rates, and lack of competition." Airlines and businesses tend to not do well with high interest rates, high costs for their #1/#2 expense line items and extreme competition.