Business: Skymall Files for Bankruptcy

Alas, the days of perusing pages upon pages of Star Wars gnomes and dog palaces are nearing an end. Skymall announced that after 25 years of entertaining bored flyers with whimsical statues and alarmingly large stuffed animals, it has applied for Chapter 11 bankruptcy. In its Chapter 11 filing, Skymall reported that it has assets of between $1 million and $10 million, and liabilities of between $10 million and $50 million. Many believe the failure of a once-prominent in-flight magazine may be due to the insurgence of electronic devices on airplanes; recent advances in flight technology now allow passengers to use their handheld electronics on flights.  Another possible reason for the decline of Skymall may be the rise of online retailers like Amazon.com. Whatever the cause, Skymall’s endearingly eclectic inventory will be missed for years to come.

Contributor: Phoebe Roe

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