Experts said it was inevitable.
Discount airline Independence Air, which offers three flights a day from Piedmont Triad International Airport, has filed for reorganization under Chapter 11 bankruptcy protection.
The one-year-old Virginia airline started flying out of PTI about a year ago with around 11 flights. But has steadily cut into that number.
The company says that flights should function without any disruption.
Analysts said that the company would be weak because its ambitious plan to use smaller jets drove up costs despite its discount strategy.