AFJROTC Commercial and General Aviation Take Off Practice Exam

Which airline went bankrupt but successfully reorganized to stay in business?

1. American Airlines

2. Continental Airlines

3. Delta Airlines

4. United Airlines

The correct answer is: Continental Airlines

The correct answer is Continental Airlines, which went through a bankruptcy process and was able to successfully reorganize and emerge from it. This was largely due to a combination of operational restructuring, cost-cutting measures, and strategic planning that aligned with changes in the aviation market. The airline emerged stronger, improving its service offerings and operational efficiency, eventually leading to a merger with United Airlines which further solidified its position in the industry. American Airlines, Delta Airlines, and United Airlines also faced bankruptcy but their circumstances and outcomes were distinct. American Airlines emerged from bankruptcy in the early 2010s after a merger with US Airways. Delta also filed for bankruptcy but had already reached a merger with Northwest Airlines, which reshaped its operational structure. United Airlines experienced bankruptcy proceedings as well but has a history of mergers and acquisitions that shaped its trajectory post-bankruptcy. Each of these cases involved different strategic decisions and outcomes, highlighting the varied paths airlines can take when facing financial difficulties.