UK’s Monarch Airlines bankrupt – 3rd European airline to fold in 2017, who’s next?

After airberlin and Alitalia entering insovlency this year, now Monarch Airlines went bankrupt and abruptly halted operations. The UK government refused to provide a loan like Germany or Italia had done and instead organized a “rescue mission” to bring back 110,000 Monarch customers stranded abroad! More than 700,000 customers have lost their future tickets and will have to pay for … Continue reading

Tale of two airlines – insolvency at Alitalia and airberlin compared!

While I have seen a few insolvency proceedings in the airline industry, with all the major US carriers having been in Chapter 11 at some point, they usually happen during times of economic crisis, like after 9/11 or the 2008 Great Recession. Alitalia and airberlin both entered insolvency this year, but the process and impact on travelers couldn’t have been more … Continue reading

The end of airberlin is near – don’t book a ticket or risk loosing it!

I have seen quite a few airline bankruptcies: every major US carrier, including United, Delta and American, has filed for Chapter 11, and most recently, Alitalia (finally) went into administration. But in all of those cases, the reorganization proceeded fairly orderly. In contrast, German airberlin has been in a fast and furious downward spiral since it declared insolvency two weeks ago. … Continue reading

American Airlines bringing Basic Economy fares to transatlantic flights?

American Airlines (as well as Delta & United) introduced Basic Economy fares on US routes where they compete with ultra-low-cost-carriers, like Frontier or Spirit. You no longer get a seat assignment, a checked bag or even a carry-on, never mind food or drink! Now, facing similar price pressure on transatlantic routes from LCC competitors like Wow or Norwegian, American Airlines … Continue reading

airberlin bankcruptcy – the end of topbonus rewards program?

Last week airberlin declared bankcruptcy, after their largest shareholder Etihad suddenly stopped their financial contributions that had been confirmed in June to keep airberlin running for the next 18 months, while it’s going through a restructuring. Now, they have also stopped the accrual or redemption of topbonus miles, the rewards program of airberlin that is owned by Etihad and run … Continue reading

Cebu Pacific Air eliminates change fees for 24h after purchase!

Cebu Pacific Airlines has eliminated the change fees for tickets within 24 hours of purchase. If you book a flight and notice an issue within 24h of buying the ticket, you can rebook your flight, changing the dates or times of your flight as well as the flight sequence. You still have to pay any difference in fare between your … Continue reading

airberlin declares bankruptcy – what happens to thousands of passengers now?

After years of financial losses, recent restructuring and talk with part-owner Etihad, Lufthansa, the German government and other stakeholders to mount a rescue or at least an orderly transition, the attempts have failed. Etihad (somewhat surprisingly) pulled the plug and declined to provide further financing, resulting in airberlin declaring bankruptcy because they can’t see a viable path forward. The German government … Continue reading

Chaos at Barcelona Airport due to Strikes – be prepared for long lines!

It seems like at least once a year there are news from Europe about strikes crippling air transportation on the old continent – Air France, Alitalia and Lufthansa all had their share of problems, causing flight cancellations and delays, inconveniencing travelers. This year, the (private) security workers at Barcelona’s International Airport have been staging work-stoppages to improve their negotiating position … Continue reading