Speaking yesterday, CEO Michael O'Leary said the radical U-turn was a bid to avoid travel chaos for customers during Christmas week.Mr OLeary spoke to the airlines chief captains across its almost 90 bases.Continuing to operate under the protection of the United States Bankruptcy Court will allow Island Air to maintain its service to its customers, provide continued employment to its more than 400 valued employees, and ensure a revenue stream so its vendors are paid." 13 October 2017 Flight sales plummet due to Hurricane season News reports state that Caribbean countries and southern U. states were battered by several record-breaking hurricanes this summer that caused billions in damages and affected travel.
* * PLEASE NOTE * *Cover excludes any airline where there is a threat of, or has filed or applied for any form of insolvency or insolvency protection at the time of effecting cover or issuance of the air ticket.* * IMPORTANT * * We no longer list Airlines currently excluded from cover here on this website.
Insurers, Travel Agents, Tour Operators, Policy Holders or their representing broker / intermediary will be notified in writing or by email which will serve as notice that cover is no longer provided in respect of a particular airline going forward. 3 January 2018 Fly Viking to cease operations News reports state that Fly Viking will cease operations from the 12th January.
Jet Blue said that hurricanes will cost the company more than $100 million in lost revenue and slashed profits for its third and fourth quarters.
The airline company said Wednesday that hurricanes cut income by $44 million in the third quarter and between $70 million and $90 million for the fourth quarter, the Washington Post reported.
Investors in Flybe have not taken reacted well to the company's announcement, and in early trading share dropped by as much as 19%. 17 October 2017 Island Air files for bankruptcy News reports state that Island Air will file for Chapter 11 bankruptcy protection, but officials said ticketing and flights will continue as normal.
The filing is needed, the airline said in a news release, "in an effort to continue normal operations while navigating through legal challenges recently presented by the lessors of its aircraft."The airline added, "The bankruptcy filing was caused by threats of legal action to ground the aircraft and strand hundreds of passengers."During the bankruptcy reorganization, Island Air said it plans to fly its scheduled routes as normal and honor all previously purchased tickets.
Later, the unexpected insolvency of Air Berlin, for which Darwin provided ACMI services, led to what the Swiss airline characterized as significant negative effects such as bad debt, loss of existing business and future business opportunities.
Darwins insolvency marks another casualty of Etihad Airways withdrawal from loss-making equity stakes in European airlines.
During a conference call with the pilots, Mr OLeary is understood to have said that the offer of union recognition from Ryanair today is genuine.
He also told pilots that the move will have a longer-term positive impact on the carrier.
Ryanair has sought a meeting with the Irish Airline Pilots' Association (IALPA) on Wednesday, the day planned strike action is set to take place, and has asked the union to call off the strike.