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The U.S. airline industry is chronically in dreadful shape, with Aloha, ATA, Skybus, Eos, Silverjet, Maxjet, and now Zoom having shut down. Midwest merged into Frontier. American went bankrupt and the corpse merged into US Airways, although the surviving company is still called American. Sun Country went bankrupt but is still flying, Frontier went bankrupt but seems to be surviving as part of regional carrier Republic, and most of the remaining airlines are hanging on with a combination of somewhat higher fares (much higer for trans-Atlantic) and very full planes. The weak economy has kept them from raising fares as much as they want, but they're not passing on the recent lower fuel prices. Southwest and Airtran, two relatively healthy low-fare carriers have merged, with the surviving airline Southwest with more east coast and international routes.
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The Peterborough region has a vibrant and expanding aerospace and aviation sector, including a variety of operations located at or in close proximity to Peterborough’s airport and aerospace industrial park. Situated with easy access to Montreal, Toronto, and the United States border, the Peterborough region provides a strategic advantage for businesses interested in expanding or relocating. Supporting the aviation and aerospace industry is a high priority for the local community with ongoing investment and infrastructure improvements in this important sector.