Do you remember browsing through SkyMall magazine while traveling by plane? I certainly do. But have you noticed the recent absence of SkyMall catalogs on major airlines? This is because this past January SkyMall Magazine filed for bankruptcy protection. SkyMall is an in-flight catalog available on most airlines that contains unique products passengers may purchase. After 25 sucessful years, SkyMall was finally replaced by airlines’ offers of wireless netowrks and laptops. So, instead of browsing through SkyMall catalogs, passangers passed time scrolling through Instagram. As a result, many large airlines, such as Delta and Southwest Airlines, had to cut back on purchasing the well-known catalog. As a result, the retail catalog no longer received enough profits to cover its expenses, and had to file for Chapter 11 bankruptcy. As of this very moment- SkyMall is making a comeback. The catalog company was recently purchased by another company due to SkyMall’s value, flawless reputation, and recognition. The puchasing ocmpany figured that since so much shopping today is done online, SkyMall has a chance to get back in the game. Only time can truly tell whether or not the company will be as successful as it once was. However, its prospects look promising.
If you or someone you know is struggling with debt (personal or business)- Call Elaine Fridlin, of Fridlin & Associates, today for a free consultation. Elaine will explain all your options based on your unique situation and help you figure out the best way to get back on track with your finances.
Fridlin & Associates, P.C.
1517 Voorhies Ave. 4th Floor
Brooklyn, NY 11235
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