By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: More airlines are facing financial troubles as the year goes on
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Have an existing account? Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2024 | All Rights Reserved
Travel Radar - Aviation News > News > More airlines are facing financial troubles as the year goes on

More airlines are facing financial troubles as the year goes on

Robin Van Acker
Last updated: 22 June 2019 19:55
By Robin Van Acker 5 Min Read
Share
SHARE

We all know: flying has never been so popular. Everyone has more income and can or will pay more for a trip by plane. Investors are also seeing this trend and set up airlines everywhere. This has serious consequences and this has become very clear in the last 2 years.

2018 will go down in history as one of the most difficult years in aviation. Several airlines went bankrupt and it just doesn’t seem to stop. There are several reasons for the bankruptcy. Especially the fierce competition between the traditional airline and the low-cost airlines is becoming more and more obvious. There is also an oversupply of seats on different flights in more and more parts of the world. India is a prime example of this. Political tensions can also cause prices to rise, such as those of oil. Several have already surrendered. Let us make a short list.

First and foremost, WOW Air. The low-cost airline of several months was in financial difficulties. It even got so far that they had to put planes aside just before the bankruptcy. Icelandair tried to take over her rival, but the negotiations were unsuccessful.

©RVA Aviation Photography

VLM Airlines. Both VLM Airlines, which had its base at Brussels Airport, and VLM Airlines Antwerp ceased work in 2018. Both were not profitable enough to survive.

©RVA Aviation Photography

The European airline Small Planet Airlines had divisions in Poland, Germany, Cambodia and Lithuania. All 4 had to close their books due to aircraft problems and delays and high fuel prices.

©RVA Aviation Photography

SkyWork was a small airlines from Switzerland. They were already in trouble in 2017, but in 2018 it was all over. The company operated from Bern, capital of Switzerland.

©RVA Aviation Photography

The Cypriot airline Cobalt went overboard before its second birthday. There is talk of fierce competition.

Other airlines that kept it in mind in 2018 included Aserca Airlines from Venezuela, Azur Air Germany, the German branch of successful Azur Air from Russia, Primera Air from Scandinavia had big plans for transatlantic routes, but unfortunately they did not go ahead. In addition, the British Cello Aviation and the Swiss PrivatAir also went bankrupt.

Unfortunately, we see that this trend continues this year. Flybe was sold to Virgin Atlantic. Jet Airways, formerly the largest airline in India, had to keep several planes on the ground because it couldn’t pay the bills anymore. This cost them bankruptcy.

©RVA Aviation Photography

Other examples of companies in financial difficulties are Air India, South African Airlines, Malaysia Airlines and Norwegian. Norwegian is now also experiencing additional difficulties with the loss of its 737MAX fleet.

We can see it doesn’t stop. Today we see that Nordica, the national airline of Estonia, is in trouble. They fly from Tallinn to various destinations in Europe with 10 Bombardier CRJ-900s, 2 Bombardier CRJ-700s and 7 ATR72-600s. The company has already changed its network on a regular basis, but is now also stopping its ticket sales in October this year. According to the company, there is overcapacity in Estonia, which makes it unprofitable for them to fly. This does not mean, however, that the operation of the flights will stop. From the end of October, the Polish airline LOT Polish Airlines will be responsible for ticket sales. From then on, Nordica will be completely dependent on others. The airline already has experience with this. It already operates flights for third parties such as LOT and SAS.It is of course questionable if LOT can get Nordica back on its feet again. Of course the future will tell us.

You Might Also Like

Emirates introduces more retrofitted Boeing 777s and Airbus A380s serve from October

Why You Should Visit Japan This Winter

Turkish Airlines set to make an Investvestment in Air Europa

Mexicana Takes Delivery of First Embraer E195-E2 Jet

Qatar Airways Resumes Flights to Iraq, Syria, Lebanon and Jordan

Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Robin Van Acker
By Robin Van Acker
Follow:
Photojournalist - An avid aviation photographer, Robin contributes to the Commercial Aviation section of the publication, with a focus on liveries, new aircraft deliveries and route development
Previous Article FAA orders BAN on Iranian airspace
Next Article Aeroflot to begin A350 service in early 2020

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Singapore
Singapore Airlines’ Financial Performance Results in Profit at End of Year 2024-25
Airline Economics Airlines Aviation
inside aircraft
Assistance and protection for vulnerable travellers : Proposal to reinforce EU passenger rights
Aviation Travel
Colourful houses at sunset in the capital of Greenland, Nuuk. Mountain in the background and houses are at the right edge of the photo.
SAS reconnects with Greenland in new flight route
Airlines Aviation Route Development Travel
Under Secretary for Home and Youth Affairs of the Hong Kong SAR Government Clarence Leung (fourth from left), Cathay Chief Customer and Commercial Officer Lavinia Lau (third from left), HKYAA Chairman Captain Patrick Lau (third from right), Chief Flight Standards of the Civil, Aviation Department Captain Lawrence Wong (second from left), and HKYAA Honorary Advisor Albert Wong (second from right) kicked off the launch event with paper plane flying activity
Cathay and HKYAA Launch New AeroQuiz and Cathay Inter-school Aviation Challenge Cup
Airlines Airshow & Events
Indian Prime Minister Narendra Modi at the Air India crash site
India denies UN assistance following the 787 crash
Aircraft Aviation Incidents & Accidents
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • About Us
  • Contact Us
  • Careers
  • Press & PR
  • Privacy & Legal

Our Content

  • News
  • Data
  • Images
  • Jobs
  • Subscribe

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Click here to Signup!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
adbanner
AdBlock Detected
Ads help us bring you high-quality, independent journalism for free. Support us by whitelisting us from your ad blocker.
Okay, I'll Whitelist
Welcome to the TR Community!

Sign in to your account

Register Lost your password?