Why Did Pan Am Go Out Of Business
Olivia Luz
Pan am is a cautionary tale for any company and investors in companies if you were to say to someone in the 1960s that pan am wouldn t exist in 1992 but air travel would be more popular than.
I was born in 1992 after they folded so i never got to experience them and i just have a general interest in historical airlines and such. After the lockerbie disaster of 1988 pan am went into a steep decline. What year did pan american airlines go out of business. Well firstly boac didn t go out of business it became british airways.
On 7 june 1966 i had my first bad experience with the company. I know deregulation was the final nail in the coffin but were there other factors. Why did pan american world airways go out of business. It went out of business in 1991 after filing for bankruptcy.
Pan am went broke partly because from juan trippe down to its check in agents it had become so arrogant that the airline abused its customers. Pan am fell apart in the beginning of the 1990s because of a few things happened in the 70s and 80s. You can have some sympathy for pan am because their defense if it was a defense at the time was simply that they had carried out the normal security measures that the entire aviation industry did.
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