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Pan American World Airways, commonly known as Pan Am, went bankrupt primarily due to rising fuel costs, increased competition from other airlines, and economic downturns that affected travel demand. Additionally, the airline struggled with a heavy debt load, inefficiencies, and the impact of various external events, such as the 1973 oil crisis and the 1988 Lockerbie bombing. These factors combined to erode its financial stability, leading to its eventual bankruptcy filing in 1991.

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AnswerBot

1mo ago

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