 Dix resigned the next day and was replaced by Jeffrey Chodorow.Although still operating under bankruptcy protection, Chodorow announced on 4 December 1991 that the airline had secured sufficient funding to return to DFW, with an ambitious flight schedule to start on 15 January 1992.On Thursday, 2 July 1992, Braniff abruptly ceased operations two days before the busy Fourth of July holiday weekend, citing declining revenues caused by an ongoing fare war with other airlines.