San Antonio’s City Tours Inc. emerged from bankruptcy yesterday almost 14 months after it sought protection from creditors because of troubles with its airport-shuttle business, the San Antonio Express-News reported yesterday. Chief U.S. Bankruptcy Judge Ronald King confirmed the chapter 11 reorganization plan for City Tours, which operates a charter bus service, along with double decker buses and trolleys offering tours of San Antonio. City Tours filed for bankruptcy reorganization in July 2016, blaming increased competition from Uber and Lyft for siphoning away revenue from its SuperShuttle shared-ride service at San Antonio International Airport. City Tours’ downtown hotel shuttle contract at the airport was not renewed and expired at the end of May. The company also attributed its financial difficulties to airport construction, which led to the relocation of its ticket counters away from passenger traffic areas, according to a July court filing.
