European airline bankruptcies

Once again airline bankruptcies are hitting the news headlines. At the time of writing, October 2019, 2019 has witnessed fewer cessations than previous years, however the companies have been on average larger and there have been record numbers of stranded passengers. Approximately 5% of European airlines cease operating each year.

source: www.companydatashop.com

The economic cost of bankruptcies is very high. For Thomas Cook the costs were:

• about 600,000 passengers were stranded in a foreign country and had to be repatriated. About 150,000 of them British citizens which  took about 750 flights to bring them home. 60% of the cost was cost was covered by ATOL.
• 21,000 people loss their jobs
• The company had £1.7 ($2.1) billion in debt

Thomas Cook	Aigle Azur	FlyBMI

List of most recent cessations:

Year	Airline	Country
2019	Adria	Slovenia
2019	Aigle Azur	France
2019	Buryat Airlines	Russia
2019	FlyBMI	UK
2019	Germania	Germany
2019	Thomas Cook	UK
2019	WOW AIR	Iceland
2019	XL Airways	France
2018	ASL Airlines	Spain
2018	Backbone Aviation	Denmark
2018	BinaAir	Germany
2018	Blink	UK
2018	Cello Aviation	UK
2018	Cobalt	Cyprus
2018	Dart Airlines	Ukraine
2018	Fly Orange	Netherlands
2018	Fly Viking	Norway
2018	Next Jet	Sweden
2018	Nextjet	Sweden
2018	Primera Air	Denmark
2018	Privat Air	Switzerland
2018	Saratov Airlines	Russia
2018	Skywork Airlines	Switzerland
2018	Small Planer Airlines	Lithuania
2018	Sparrow	Sweden
2018	Swiss Global Airlines	Switzerland
2018	YourWays	Germany
2017	Air Norway	Norway
2017	Belair	Switzerland
2017	Cardiff Aviation Malta	Malta
2017	Darwin	Switzerland
2017	Fly 365 Aviation	Romania
2017	Fly Kiss	France
2017	Fly Marche	Italy
2017	Go! Aviation	Finland
2017	Höga Kusten Flyg	Sweden
2017	Island air	US
2017	Monarch	UK
2017	Niki	Austria
2017	Pioneer Regional Airlines	Russia
2017	Sear Air	Croatia
2016	Air Via	Bulgaria
2016	Bural	Russia

Full list:

Year         Airline

2016 European Coastal Airlines

2016 Air Méditerranée

2016 Bural

2016 Donavia

2016 Orenair

2015 B&H Airlines

2015 Air Croatia

2015 Cyprus Airways

2015 Estonian Air

2015 Nordic Global Airlines

2015 SkyGreece Airlines

2015 ABC Air Hungary

2015 Alitalia Express

2015 MiniLiner

2015 Air Lituanica

2015 Hermes Aviation

2015 Eurolot

2015 Ak Bars Aero

2015 Center-South

2015 Transaero

2015 UTair Express

2015 Aviogenex

2015 Quick Duck Airlines

2015 Seabird Airlines

2015 Wizz Air Ukraine

2014 Air Alps

2014 Central Connect Airlines

2014 Holidays Czech Airlines

2014 Air100

2014 Hamburg Airways

2014 Air Batumi

2014 Air Caucasus

2014 Aerospace One

2014 Air Arctic

2014 Air One

2014 Skybridge AirOps

2014 Krohn Air

2014 Bingo Airways

2014 Windavia Airlines

2014 Fly Romania

2014 Moskovia Airlines

2014 Polet Airlines

2014 Russian Sky Airlines

2014 Opera Jet

2014 Samair

2014 Armavia

2013 Krunk Air

2013 Jetalliance

2013 Turan Air

2013 Copterline

2013 Estonian Air Regional

2013 Air Cargo Germany

2013 Augsburg Airways

2013 OLT Express Germany

2013 Fly Georgia

2013 Luftline Georgia

2013 Aerogenesis Air Services

2013 Hellenic Imperial Airways

2013 Aurela

2013 North Cyprus Airlines

2013 FlyNonstop

2013 Medallion Air

2013 Air Bashkortostan

2013 Mordovia Airlines

2013 DanubeWings

2013 VIP wings

2013 Linxair

2013 Aerosvit Airlines

2013 Air Onix

2013 Donbassaero

2013 South Airlines

2013 Austrian Arrows

2012 MAP Jet

2012 SkyBosnia

2012 Czech Connect Airlines

2012 Cimber Air

2012 Small Planet Airlines Estonia

2012 Air Åland

2012 Air Finland

2012 Cirrus Airlines

2012 XL Airways Germany

2012 Aeroland Airways

2012 First Airways

2012 Meelad Air

2012 Sky Wings Airlines

2012 Malév Hungarian Airlines

2012 ElbaFly

2012 Inversija

2012 Strategic Airlines Luxembourg

2012 Harbour Air Malta

2012 Air Poland

2012 Fly Mi

2012 Alfa Air

2012 Direct Aero Services

2012 Kirov Air Enterprise

2012 Kuban Airlines

2012 Ryazanaviatrans

2012 Hello

2012 bmibaby

2011 V Bird Avia

2011 Amerer Air

2011 Comtel Air

2011 Robin Hood Aviation

2011 Gomelavia

2011 Sky Srpska

2011 Wizz Air Bulgaria

2011 Dubrovnik Airline

2011 SkyMiddleEast

2011 Finncomm Airlines

2011 Air Iberia

2011 Karre Aviation Georgia

2011 Sun Way

2011 Airgo Airlines

2011 Viking Hellas Aviation

2011 Cargoitalia

2011 Eagles Airlines

2011 ItAli Airlines

2011 MAT Airways

2011 Amsterdam Airlines

2011 Vildanden

2011 Luzair

2011 MIA Airlines

2011 2nd Sverdlovsk Air Enterprise

2011 Aero Rent

2011 Airstars

2011 Aviaenergo

2011 Avial NV

2011 Avianova

2011 Aviapanh

2011 Continent

2011 Ilin Air Company

2011 Kavminvodyavia

2011 Moscow Airlines

2011 Novosibirsk Air Enterprise

2011 Region Avia

2011 South East Airlines

2011 Uraiavia

2011 Yak-Service

2011 Central Charter Airlines Slovakia

2011 Slovakian Airlines

2011 JetClub

2011 Swiss Private Aviation

2010 Click Airways International

2010 Easyfreight

2010 BFS Business Flight Salzburg

2010 European Air Transport

2010 Hemus Air

2010 Cyprus Turkish Airlines

2010 Eurocypria Airlines

2010 Copterline

2010 Fly Lappeenranta

2010 Blue Line

2010 Blue Wings

2010 Bremenfly

2010 Hamburg International

2010 Air West

2010 Eastern Express Georgia

2010 Eurex Cargo

2010 Sakaviaservice

2010 Tbilaviamsheni

2010 ArGo Airways

2010 Athens Airways

2010 Fly Hellas

2010 Hellas Jet

2010 Icejet

2010 Livingston Energy Flight

2010 Star1 Airlines

2010 Efly

2010 Interstate Airlines

2010 Cyprus Turkish Airlines

2010 White Eagle Aviation

2010 Romavia

2010 Centre-Avia

2010 Dauria

2010 Transair-Gyraintiee

2010 Zapolyariye Airlines

2010 Air Slovakia

2010 Turkuaz Airlines

2010 Luhansk Airlines

2009 Austrojet

2009 Imair Airlines

2009 Cargo B Airlines

2009 Air Victory Georgia

2009 AirSea Lines

2009 EuroAir

2009 Indicator Aviation

2009 MyAir

2009 Aeromak

2009 MAT Macedonian Airlines

2009 Centralwings

2009 Adygea Airlines

2009 Aviast Air

2009 Elbrus-Avia

2009 KD Avia

2009 Perm Airlines

2009 Tambov-Avia

2009 Seagle Air

2009 SkyEurope Airlines

2009 Aurora Airlines

2009 Lviv Airlines

2009 Ukrainian Cargo Airways

2009 Volare Airlines

2008 Blue Sky Airlines

2008 Miapet Avia

2008 LTU Austria

2008 ULL 14

2008 Freedom Airways

2008 Sterling Airlines

2008 Aero Airlines

2008 Enimex

2008 VIP-Avia

2008 Pantheon Airways

2008 Fleet Air International

2008 Futura Gael

2008 Alpi Eagles

2008 Ocean Airlines

2008 British Jet

2008 Coast Air

2008 Kato Airline

2008 Aerocondor

2008 Astair

2008 Aviaprad

2008 Dalavia

2008 Domodedovo Airlines

2008 Interavia Airlines

2008 Karat

2008 KrasAir

2008 Omskavia

2008 Samara Airlines

2008 Sibaviatrans

2008 TESIS Aviation Enterprise

2008 VIM-Aviaservice

2008 Kosmas Air

2008 Inter Airlines

2008 EuroManx

2007 Navigator Airlines

2007 AirGloria

2007 Smartline

2007 Air Sofia

2007 Bright Aviation Services

2007 Scorpion Air

2007 Vega Airlines

2007 Viaggio Air

2007 Adria Wings

2007 Air Adriatic

2007 FaroeJet

2007 European Air Express

2007 Alexandair

2007 SkyEurope Hungary

2007 Landsflug

2007 Amber Air

2007 Apatas Air

2007 Grixona

2007 Tiramavia

2007 Valan

2007 Quick Airways Holland

2007 Direct Fly

2007 Lusitania Airways

2007 BAL Bashkirian Airlines

2007 Continental Airways

2007 Dobrolet Airlines

2007 Connect Air

2007 Fly Air

2007 Aeromist-Kharkiv

2007 Crimea Air

2006 Avia-Urartu

2006 Yer-Avia

2006 Salzburg Spirit

2006 Styrian Spirit

2006 Teamline Air

2006 Teamline

2006 Arnoro

2006 Avio Piva

2006 Flying Dandy

2006 Vivant Air

2006 North Adria Aviation

2006 αjet

2006 FOS Logistics

2006 Air Livonia

2006 Air Turquoise

2006 Aero Flight

2006 Dauair

2006 Gee Bee Air

2006 Greece Airways

2006 Hellas Wings

2006 Union Airlines

2006 Eirjet

2006 Club Air

2006 Air Luxor

2006 Dac Air

2006 Aerofreight Airlines

2006 Krylo Airlines

2006 MAVIAL Magadan Airlines

2006 Specavia Air Company

2006 Centavia

2006 Alpe Air

2006 Slovenian Spirit

2006 Odessa Airlines

2005 Air-Van Airlines

2005 BelgiumExel

2005 Charter Air

2005 Discovery Link

2005 Fischer Air

2005 Soder Airlines

2005 Air Horizons

2005 AlsaceExel

2005 Champagne Airlines

2005 Flywest

2005 Malev Express

2005 Skynet Airlines

2005 Trans Aer

2005 Concors

2005 Air Lithuania

2005 Air Exel

2005 Basiq Air

2005 HollandExel

2005 KLM exel

2005 Magic Blue Airlines

2005 Agroar Carga Aérea

2005 Chris Air

2005 Astrakhan Airlines

2005 Belgorod Air Enterprise

2005 Ilavia

2005 Air Zürich

2005 Crossair Europe

2004 Gyumri Airlines

2004 Fairline

2004 Sobelair

2004 Dandy Airlines

2004 Laus Air

2004 ABA Air

2004 Snowflake

2004 Flying Finn

2004 Aerolinair

2004 Air Atlantique

2004 Air Littoral

2004 Eurojet Airlines

2004 Westair

2004 Amadeus

2004 City-Air

2004 Caucasus Airlines

2004 Georgian Cargo Airlines

2004 Lasare Air

2004 Aviaexpress

2004 HunAir

2004 Azzurra Air

2004 Gandalf Airlines

2004 Latpass Airlines

2004 Malta Air Charter

2004 Aerocom

2004 Air Holland

2004 V Bird

2004 Teddy Air

2004 Air Polonia

2004 GetJet

2004 Silesian Air

2004 Yes Air Charter

2004 Angel Airlines

2004 Helvetic Wings

2004 Azov Avia Airlines

2003 Armenian Airlines

2003 Air Srpska

2003 Citrad Airlines

2003 Aerotrans Airlines

2003 Aeris

2003 Air Jet

2003 Airlib

2003 LowFare Jet

2003 Electra Airlines

2003 Hellenic Star Airways

2003 Linair Hungarian Regional Airlines

2003 Quick Air Trans

2003 MD Airlines

2003 Aer Turas

2003 Air Industria

2003 Alisea Airlines

2003 Minerva Airlines

2003 Panair

2003 MTA - Moldtransavia

2003 Renan Airways

2003 Trans Travel Airlines

2003 AJT Air International

2003 Eurasia

2003 Flight

2003 Tretyakovo

2003 Tyumen Airlines

2003 Yakutsk Airlines

2003 Kharkiv Airlines

2002 Rheintalflug

2002 Delsey Airlines

2002 VG Airlines

2002 Bio Air

2002 Balkan Bulgarian Airlines

2002 Inter Trans Air

2002 Elk Airways

2002 Aerolyon

2002 L-Air

2002 RAS Flug

2002 Carpathian Air Transport

2002 HUK Hungarian-Ukrainian Airlines

2002 Pannon Airlines

2002 Air Sicilia

2002 Avioimpex

2002 Air Switzerland

2002 Swisswings Airlines

2002 Alfa Airlines -Alfa Hava Yolları

2002 Air Ukraine

2002 Donbass Airlines

2002 ICAR Airlines

2002 Manx Airlines

2001 Brussels International Airways

2001 Citybird

2001 Sabena

2001 Skyjet

2001 Muk Air