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Archive for airline closures

Ted, You’re Grounded

By Linda Tancs

In a move surely not surprising, United Airlines is abandoning its low-cost carrier, Ted.  Founded in 2003, Ted’s expanding route map and low fare guarantee will meet the executioner’s axe as fuel costs continue to spiral and forecasters predict airline losses in the $2B range.  Ted, meet Maxjet, Eos, and Silverjet.  Just goes to show that economic tides don’t play favorites.