Why Did Pan Am Fail?
At its height, Pan American World Airways, more commonly known as simply Pan Am, was called "America's unofficial flag carrier" thanks to its position as the largest of the Big Four airlines and the only one with a major international presence.
Yet by the early 1990's Pan Am was not just a shadow of its former self but gone all together, having entered bankruptcy on January 8 1991 and ceased operations on December 4 1991. So where exactly did it all go so wrong?
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Background
Pan American World Airways was formed on June 23 1928 as the result of a merger between Pan Am Airways, Atlantic, Gulf, and Caribbean Airways and the Aviation Corporation of the Americas (ACA).
The airline soon distinguished itself by estab...