What Happened to TWA? How it really ended?

Answer 1

I remember some pretty ugly deals. Many TW employees were given a choice of layoff benefits or AA jobs. A few months later was 9/11 and many got left with nothing. My personal opinion was that the government was real good at telling the airlines what in the national interest they could not do, but not real helpful they were in trouble partly because the government did not protect them.
From Wikpedia...
"In the wake of the TWA merger and the roughly concurrent September 11, 2001 attacks by al-Qaeda operatives working under the direction of Osama bin Laden (which claimed two of AA's aircraft along with passengers and crew), American began losing money. Mr. Carty negotiated new wage and benefit agreements with the airline's labor unions, but was forced to resign after union leaders discovered that Carty was planning to award handsome executive compensation packages at the same time. St. Louis' hub was also downsized afterward."

Answer 2

Everything has to end sometime!