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Coronavirus

The Airline Failures and Bankruptcies So Far in the Pandemic

  • Skift Take
    Given air travel’s standstill in 2020, and the impact of new Delta variant scares, you might think this list would be longer. Still, seeing the airline casualties together like this is pretty staggering.

    The bankruptcy filing Friday by Philippine Airlines is the latest aviation casualty of the pandemic.

    Skift has compiled a list below to show you the extent of the damage. Certainly, some airlines chose the cover of the pandemic to decide to cease operations, or restructure, even though financial challenges existed long before the world knew what Covid was.

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    The $74 billion in aid delivered to U.S. airlines clearly helped those carriers escape their worst fates, but the threats remain deep into the pandemic as the spread and fear of the Delta variant slowed air travel in late summer and perhaps into early fall.

    Check our list.

    THE AIRLINE CASUALTIES

    AIRLINE WHAT HAPPENED DATE
    Flybe (UK) Files for Bankruptcy 3/2020
    Trans States (U.S.) Ceased Operations 4/2020
    Compass (U.S.) Ceased Operations 4/2020
    CityJet (Ireland) Files for Bankruptcy 4/2020
    Virgin Austraila Files for Bankruptcy 4/2020
    Air Mauritius Files for Bankruptcy 4/2020
    Avianca (Colombia) Files for Bankruptcy 5/2020
    Thai Airways Files for Bankruptcy 9/2020
    TAME (Ecuador) LIquidation 5/2020
    LATAM (Chile) Files for Bankruptcy 5/2020
    SunExpress Deustchland Announces Ceasing Operations 6/2020
    One Airlines (Chile) Ceased Operations 6/2020
    NokScoot (Thaiand) Ceases Operations 6/2020
    LIAT (Antigua) Ceases Most Operations 6/2020
    Jet Time (Denmark) Files for Bankruptcy 7/2020
    Virgin Atlantic (UK) Files for Bankruptcy 8/2020
    AirAsia Japan Ceases Operations 10/2020
    Cathay Dragon (Hong Kong) Ceases Operations 10/2020
    Ravn Air (U.S.) Files for Bankruptcy 10/2020
    Norwegian Air Files for Bankruptcy 11/2020
    InterJet (Mexico) Files for Bankruptcy 4/2021
    Philippine Airlines Files for Bankruptcy 9/2021

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    Photo Credit: Philippine Air was among the pandemic's casualties in airlines, filing for bankruptcy protection Friday, Sept. 3, 2021. Diego Roxas / Flickr
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