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
In 2007, they hid mountains of debt and toxic assets from regulators and investors using a combination of shell companies (special purpose entities), creative revenue recognition, aggressive mark to market practices, and outright fraud. None of thi ...
Yellow
In 2023, enormous debt ($1.5B) accumulated over 20 years led to Yellow’s bankruptcy after nearly a century in business.