Which airlines have recently gone bankrupt or faced collapse?

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Airlines Facing Recent Collapse or Bankruptcy

Several European airlines have recently gone bankrupt or faced collapse, indicating significant financial strain within the sector. The failures range from major travel groups to smaller, regional carriers, with a common set of challenges contributing to their downfall.
Major Travel Group and Airline Failures

The most prominent recent failure was that of the travel group Thomas Cook, which collapsed and left approximately 600,000 holidaymakers stranded. This event highlighted the fragility of even established travel companies. Simultaneously, two French airlines, Aigle Azur and XL Airways, were in French bankruptcy courts, signalling further distress in the European aviation market.
Growing List of Sector Bankruptcies

Beyond these immediate cases, a significant number of airlines have succumbed to financial pressures in recent years. This includes Monarch, Air Berlin, and Alitalia, all of which failed in 2017. The trend continued with Primera and Cobalt ceasing operations last year. So far in 2019, Germania, Flybmi, and Iceland’s WOW air have also failed, underscoring a persistent pattern of airline insolvency.
Near Misses and Debt Restructuring

Not all struggling airlines have ultimately failed, but many have come close and required significant interventions. Regional operator Flybe narrowly averted collapse through its sale to a consortium led by Virgin Atlantic. In a similar vein, Norwegian Air, a major low-cost carrier, secured a reprieve from its creditors, leading to a postponement of repayment on US$380 million in debt.

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Which airlines have recently gone bankrupt or faced collapse?

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