The common wisdom that the real money in air travel is in business class didn’t hold up for Eos. The airline of exclusively business class flights from New York to London said over the weekend it had filed for bankruptcy, becoming the latest failed approach to making the airline business profitable.
At the bargain-flight end of the spectrum as many as a half-dozen smaller airlines have collapsed under the weight of sky-rocketing fuel costs. ATA Airlines went chapter 11 earlier this month and holiday island hopper Aloha Airlines collapsed in March.
If Eos emerges from bankruptcy, perhaps it should consider a new slogan.
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