Gediminas Ziemelis: Flight Compensation Will Be Standard Procedure

The failing of the European airlines Alitalia, Monarch, and Air Berlin was just the start of a troubling trend that is plaguing the European market. Financial instability and the inability to gain traction in the European airline market led these airlines into bankruptcy. And now, more airlines are following suit. The most recent casualties in this low margin game are the Cyprus based Cobalt Air and the Nordic carrier Primera Air. October seems to mark the beginning of airline bankruptcy season as Primera Air announced its closure on October 2nd, 2018, the one-year anniversary of the Monarch bankruptcy. Winter is a hard season for airlines, so there are likely more collapses on the horizon.