Mexicana bankruptcy protection stalls; decline opens opportunities for others

Mexicana de Aviacion's bankruptcy protection moves are faltering as the carrier seeks to maintain its cash flow, and service cutbacks to London and Madrid services reduce its contribution to alliance partners. Mexicana's rapid decline into restructuring or oblivion, while certainly a negative for the airline, its shareholders and employees, presents opportunities to others in the industry. In today's interconnected world, the effects of a possible collapse have added impact because of the alliance affiliations and complex codeshare patterns that underpin schedules and flight patterns.