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Norway’s Flyr Joins This List of Airline Bankruptcies and Failures Since Pandemic

  • 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

    Photo Credit: Norwegian airline Flyr announced it would file for bankruptcy on Tuesday.
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