April 05, 2008
Discount airline Skybus out of business as of today
 Skybus, the low-cost airline that was helping fuel growth of Stewart International Airport in the Hudson Valley ("New York's fourth airport,") has just gone out of business.
The abrupt news appears on the 10-month-old airline's website:
Skybus Airlines will cease all operations effective Saturday, April 5.
Skybus struggled to overcome the combination of rising jet fuel costs and a slowing economic environment. These two issues proved to be insurmountable for a new carrier.
We deeply regret the impact this decision will have on our employees and their families, customers, vendors, suppliers, airport officials and others in the cities in which we have operated. Our financial condition is such that our Board of Directors felt it had no choice but to cease operations. It's the fourth airline to shutter this week, following on the collapse of ATA, Aloha and Champion.
Out of Stewart, Skybus had been flying to Columbus and Greensboro and was scheduled to start service to Portsmouth (near Boston) as of June 1. Stewart still has flights from JetBlue, US Airways Express, Northwest, Delta, and AirTran.
In 2007, Stewart handled nearly 914,000 passengers, an increase of 195 percent over a year earlier, according to data released by the Port Authority of New York and New Jersey.
Earlier: Bankrupt ATA Airlines abruptly discontinues all service
Port Authority OKs Stewart as NYC's 'fourth airport'
JetBlue, AirTran to fly from Hudson Valley's Stewart
April 5, 2008 08:26 AM in Arrivology, Out of Manhattan
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