| Year | Air Carrier |
|---|---|
| 1985 | Southwest acquired Muse |
| 1985 | Piedmont acquired Empire |
| 1985 | People acquired Frontier |
| 1986 | Northwest acquired Republic |
| 1986 | Texas acquired Eastern |
| 1986 | TWA acquired Ozark |
| 1986 | Alaska acquired JetAmerica |
| 1986 | Delta acquired Western |
| 1986 | American acquired Air Cal |
| 1986 | Alaska acquired Horizon |
| 1986 | USAir acquired Pacific Southwest |
| 1987 | USAir acquired Piedmont |
| 1987 | Braniff acquired Florida Express |
| 1987 | Continental acquired People Express |
| 1994 | Southwest acquired Morris Air |
| 1997 | AirTran merged with ValueJet |
| 1998 | American acquired Reno Air |
| 2001 | American acquired TWA |
| Year | Air Carrier |
|---|---|
| 1991 | Eastern Airlines |
| 1994 | Braniff |
| 1997 | Carnival |
| 1997 | Western Pacific |
| 1998 | Kiwi |
Note: "Bankruptcies" refer to Chapter 7 liquidation rather than Chapter 11 restructuring.
Sources: Lee, D., 2002. Oster, C.V., Jr., and Strong, J.S., 2001. U.S. Centennial of Flight Commission (www.centennialofflight.gov). U.S. Department of Transportation, Air Carrier Traffic Statistics.