TWA
In 2001, Trans World Airlines (TWA) flew its final flight. The company was officially sold to American Airlines after decades of saddling debt. In 1991, the company was forced to sell its lucrative London routes — accelerating their demise.
Enron
Enron's downfall was caused by widespread accounting fraud, where executives used complex schemes and special purpose entities to hide billions in debt and inflate earnings, making the company appear more successful than it was. This deception led t ...
Yellow
In 2023, enormous debt ($1.5B) accumulated over 20 years led to Yellow’s bankruptcy after nearly a century in business.