Aloha Airlines declared bankruptcy for the second time in three years this week. The beleaguered carrier blamed competition from low-cost airline go!, which came onto the Hawaii scene in 2006. But the airline’s first bankruptcy occurred before go! became a serious threat, so it’s hard to peg the competition as the problem. It does seem quite clear, though, that there’s just not enough room in Hawaii for three airlines.

Aloha Airlines Files for Second Bankruptcy in Three Years