Independence Air's Cutting Flights...

Independence Air is trying to save itself by launching more flights with its profitable A319 aircraft, and trying to dump some of the more unprofitable CRJ flights. The airline is launching new A319 service to New York La Guardia, while cutting CRJ flights to JFK, as well as Stewart up north. Furthermore, the airline is also cutting some of the more unprofitable CRJ flights, to Louisville, Cleveland, and Indianapolis. The airline also plans on launching San Juan this winter. However, this might be too little too late, as the airline is still burning cash, and the A319 flights don't exactly fill the financial crevasse the airline has dug itself. However, the facts are that if the airline wants to last for a long time, they have to cut much, much more (if not all) of its CRJ flights, and focus on short-haul East Coast routes from D.C. This means that they must file Chapter 11, and soon, or else they may be stuck and quite liable to their creditors. If they file Chapter 11 before the new bankruptcy law comes into effect, then they can terminate the leases on the CRJs and keep the A319s. If they are smart enough to take this route, then they may survive, but otherwise, they will continue bleeding cash and head for Chapter 7.