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Slimmed-Down ATA Emerges From Chapter 11

Law360 (February 28, 2006, 12:00 AM EST) -- ATA Airlines rose from the ashes of bankruptcy on Tuesday as the one-time 10th largest airline carrier in the U.S. wrapped up its emergence plans.

ATA is setting its flight destinations to many vacation playlands, like Cancun and Las Vegas, in hopes of enticing more passengers and profits.

Gearing up its new leaner form, the Indianapolis-based carrier and parent company ATA Holdings reduced its number of jets, destinations and half of their employees since it filed for Chapter 11 bankruptcy protection on Oct. 26, 2004....
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