Key travel brand files for Chapter 11 bankruptcy

Along with a number of high-profile airline bankruptcies throughout 2025, companies providing bus and other road transportation services have also struggled with an economic downturn and a changing market. Coach USA, the parent company behind bus brands like Megabus and Short Line, filed for Chapter 11 bankruptcy protection in June 2024 with debts of between $100 and $500 million before eventually being bought out by New York holding company The Renco Group. After a district court declared it bankrupt i ...