ValuJet Airlines was renamed AirTran Airlines before it was merged into AirTran Airways.
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Pan Am, having once called itself The World's Most Experienced Airline, eventually filed for bankruptcy protection in January 1991. Due to rising fuel costs, as well as an inability to operate domestic routes the airline was starting to run at a loss.
KLM (Koninklijke Luchtvaart Maatschappij) is recognised as the oldest airline in the world that continues to serve in its original name, Established in October 1919; the airline took its first flight in May 1920 between London and Amsterdam.