Travel may have picked up since the guns stopped firing five weeks ago, but Saddam Hussein's war is still claiming victims. Chicago-based Midway Airlines, its strength sapped over the winter by the war-induced spike in fuel prices and slump in travel, flew into the shelter of Chapter 11 bankruptcy protection last week, joining recent arrivals Continental Airlines and Pan Am (with TWA circling overhead). Midway's jets continue to fly, thanks in part to a $40 million loan from Continental Bank, which will be first to be repaid if the airline fails in its attempt to reorganize.
Saddam Hussein was not Midway's...
To continue reading:
or
Log-In
