Major Airlines that No Longer Exist 

Pan American World Airways
1930 to 1990

The airline's fortunes declined beginning in the 1970s when deregulation led to increased competition from other carriers, accompanied by a marked increase in fuel prices and declining international travel. Whether Pan Am could have weathered the financial storm will never be known; the airline was permanently grounded by the infamous 1988 Lockerbie crash of Pan Am Flight 103, the result of a terrorist bombing that resulted in the deaths of all 243 passengers on board. The airline struggled along for three more years, mostly by selling off assets, but it was financially defunct by the end of 1991.


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