A New Page For Chapter 11?

The heads of the nation's biggest airlines have been griping for months about U. S. bankruptcy laws. And the longer such sick carriers as Trans World Airlines and Continental languish in Chapter 11, the louder those cries grow. The executives charge that the law's protections give the ailing airlines a competitive advantage by allowing them to slash fares below the cost of providing service--forcing healthier carriers to do the same or lose customers.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.