The sunny islands of Hawaii are home to some fierce airline pricing battles. The competition proved a bit too much for Aloha Airlines. Hawaii's second-largest airline has filed for Chapter 11 bankruptcy protection.
Aloha emerged from another bankruptcy filing just two years ago. This time, Aloha says it's being driven from the skies by a new discount airline that is part of the Phoenix-based Mesa Air Group.
Aloha's chief blasted its competition for what it calls "illegal" and "predatory pricing." The airline says it has been forced to match its rival's "below-cost" fares at a time when the industry is already struggling with huge increases in fuel costs.
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