Reuters reports though Platinum Magizine (Freeport):
Druid Airlines (NASDAQ - DRU -0.75 / 9.85) has announced though their CEO, Tunare, that they are filing for Chapter 11 bankruptcy protecion.
Tunare stated that since the portals to the Plains of Knowledge have been discovered, Druid Airlines has seen a 90% reduction in profits. This is only more fuel for the fire after they announced that they have seen a 30% drop in profits soon after Luclin came back into range.
Druid airlines was once the main form of transportation all thoughout Norrath, bringin in profits in excess of 100,000 platinim pieces per day. Since the latest hits, their profits have dwindled to a mere 2,500 platinum pieces per day. Mass layoffs and flight schedule cutbacks are expected in the next month.
"This is a sad time for Druid Airlines, but we will pull together and make it though this difficult time," Tunare told Reuters.
Druid Airlines is based in Surefall Glade, western side of Atonica with a major corperate office in Kelethin (Greater Faydark, Faydwer). They also had major hubs in South Karana, "Toxx" Forest, and the Nexus. Currently has 750 employees.
Druid Airlines (NASDAQ - DRU -0.75 / 9.85) has announced though their CEO, Tunare, that they are filing for Chapter 11 bankruptcy protecion.
Tunare stated that since the portals to the Plains of Knowledge have been discovered, Druid Airlines has seen a 90% reduction in profits. This is only more fuel for the fire after they announced that they have seen a 30% drop in profits soon after Luclin came back into range.
Druid airlines was once the main form of transportation all thoughout Norrath, bringin in profits in excess of 100,000 platinim pieces per day. Since the latest hits, their profits have dwindled to a mere 2,500 platinum pieces per day. Mass layoffs and flight schedule cutbacks are expected in the next month.
"This is a sad time for Druid Airlines, but we will pull together and make it though this difficult time," Tunare told Reuters.
Druid Airlines is based in Surefall Glade, western side of Atonica with a major corperate office in Kelethin (Greater Faydark, Faydwer). They also had major hubs in South Karana, "Toxx" Forest, and the Nexus. Currently has 750 employees.
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