 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.The airline immediately went into Chapter 7 liquidation.