1. What do the three phrases below have in common?

EPIC DEFEAT
COLLAR STUD
FILM NOIR

2. Can you extract three or four letters from each of the names or phrases below to identify five companies in the same business. Only three of the five are currently in operation.

BELA LUGOSI
SASKATCHEWAN
FREDERICK L. MAYTAG
PANAMA HAT
NIGHTWATCH

HINTS:
1.Think alphabetically.
2. The answers are hidden in the clues.

Answers:

1. Each phrase contains four letters in consecutive alphabetical sequence. 

2. Hidden in each clue is the name of a current or former airline:

bELA Lugosi
SASkatchewan
FredericK L. Maytag
PANAMa hat
nighTWAtch