Skift Take

Although aviation executives have been bullish in recent weeks about the industry continuing to make significant progress in its recovery, Flyr's bankruptcy is a clear sign many airlines' financial challenges are far from over.

Norwegian airline Flyr announced on Tuesday it would file for bankruptcy after failing to raise the money it needed for its operations, becoming the latest aviation casualty since the start of the pandemic.

“There is no longer a realistic opportunity to achieve a solution for the short-term liquidity situation,” the company said in a statement.

“All departures and ticket sales have as a consequence been cancelled.”

Flyr, which launched in June 2021, acknowledged on Monday that weak financial markets and uncertainty about the demand for air travel had prevented the company from raising more cash. The company had announced last October it would drastically reduce its winter schedule.

Here is a list of other airline failures and bankruptcies since the start of the pandemic.

AirlineWhat HappenedDate
Flybe (UK)Files for BankruptcyMar 2020
Trans States (U.S.)Ceased OperationsApr 2020
Compass (U.S.)Ceased OperationsApr 2020
CityJet (Ireland)Files for BankruptcyApr 2020
Virgin AustrailaFiles for BankruptcyApr 2020
Air MauritiusFiles for BankruptcyApr 2020
Avianca (Colombia)Files for BankruptcyMay 2020
AeromexicoFiles for BankruptcyJun 2020
Thai AirwaysFiles for BankruptcySep 2020
TAME (Ecuador)LIquidationMay 2020
LATAM (Chile)Files for BankruptcyMay 2020
SunExpress DeustchlandAnnounces Ceasing OperationsJun 2020
One Airlines (Chile)Ceased OperationsJun 2020
NokScoot (Thaiand)Ceases OperationsJun 2020
LIAT (Antigua)Ceases Most OperationsJun 2020
Jet Time (Denmark)Files for BankruptcyJul 2020
Virgin Atlantic (UK)Files for BankruptcyAug 2020
AirAsia JapanCeases OperationsOct 2020
Cathay Dragon (Hong Kong)Ceases OperationsOct 2020
Ravn Air (U.S.)Files for BankruptcyOct 2020
Norwegian AirFiles for BankruptcyNov 2020
Czech AirlinesFiles for BankruptcyMar 2021
InterJet (Mexico)Files for BankruptcyApr 2021
Philippine AirlinesFiles for BankruptcySep 2021
Blue Panorama (Italy)Ceased OperationsOct 2021
Comair/Kulula (South Africa)Ceased OperationsJun 2022
SASFiles for BankruptcyJul 2022
FlybeCeases OperationsJan 2023
FlyrFiles for BankruptcyJan 2023

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Tags: aviation, aviation industry, bankruptcies, bankruptcy, flyr, norway

Photo credit: Norwegian airline Flyr announced it would file for bankruptcy on Tuesday. NewYard25 / Wikimedia Commons

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