The news this morning from Dulles Airport-based Independence Air is disappointing, but not at all surprising:
Flyi Inc, parent of low-fare airline Independence Air, said Monday it will discontinue flights after Thursday evening because of its continued financial challenges.
The company had warned last week that it would cease operating Jan. 7 if it was unable to find a major investor or buyer.
Not surprising because it was clear from the beginning that Independence Air’s business model was, at best, risky. It was well received by flyers, especially here in the Washington DC area, but not well received enough to get FlyI beyond the economic realities facing the airline industry. The outcome is disappointing because it will probably mean, at least temprorarily, an end to the lower air fares that airlines such as United and Continental were forced to offer to compete with Independence Air.
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Not So Shocking News
So Long, FlyI
