Texas Air Corporation
E532889
Texas Air Corporation was a major U.S. airline holding company in the 1980s, known for its aggressive expansion and cost-cutting strategies in the deregulated airline industry.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Texas Air Corporation canonical | 2 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf |
airline holding company
ⓘ
public company ⓘ |
| acquired |
Continental Airlines
NERFINISHED
ⓘ
Eastern Air Lines NERFINISHED ⓘ Frontier Airlines NERFINISHED ⓘ New York Air NERFINISHED ⓘ People Express Airlines NERFINISHED ⓘ |
| businessModel | airline holding company ⓘ |
| category |
defunct airline holding companies of the United States
ⓘ
defunct companies based in Texas ⓘ |
| controversy |
safety and maintenance concerns
ⓘ
service quality declines ⓘ use of bankruptcy to renegotiate labor contracts ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| countryOfHeadquarters |
United States of America
ⓘ
surface form:
United States
|
| era | Reagan-era deregulation ⓘ |
| fate | dissolution as a holding structure in early 1990s ⓘ |
| foundedBy | Frank Lorenzo NERFINISHED ⓘ |
| headquartersLocation | Houston, Texas NERFINISHED ⓘ |
| implemented |
aggressive fare discounting
ⓘ
hub-and-spoke route systems ⓘ outsourcing of services ⓘ two-tier wage scales ⓘ |
| industry |
airline industry
ⓘ
aviation ⓘ |
| influenced |
consolidation of U.S. airlines in the 1980s
ⓘ
labor relations practices in the airline industry ⓘ |
| keyPerson | Frank Lorenzo NERFINISHED ⓘ |
| knownFor |
hostile relations with unions
ⓘ
labor disputes ⓘ leveraged acquisitions of airlines ⓘ |
| listedOn | New York Stock Exchange ⓘ |
| notableEvent |
bankruptcy of Eastern Air Lines
ⓘ
restructuring of Continental Airlines in bankruptcy ⓘ |
| operatedInMarket | deregulated U.S. airline market ⓘ |
| parentCompanyOf |
Continental Airlines
NERFINISHED
ⓘ
Eastern Air Lines NERFINISHED ⓘ Frontier Airlines NERFINISHED ⓘ New York Air NERFINISHED ⓘ People Express Airlines NERFINISHED ⓘ |
| peakStatus | one of the largest U.S. airline groups of the 1980s ⓘ |
| regulatoryContext | post-1978 U.S. airline deregulation ⓘ |
| roleOfFrankLorenzo |
chairman
ⓘ
chief executive officer ⓘ |
| stateOfHeadquarters | Texas NERFINISHED ⓘ |
| strategy |
aggressive expansion
ⓘ
cost-cutting ⓘ |
| successor | Continental Airlines, Inc. (as primary surviving operating carrier) NERFINISHED ⓘ |
| timePeriod | 1980s ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.