Another airline declares bankruptcy and halts all operations.

Airline Bankruptcies: Several airlines, including Play, Braathens Aviation, and Verijet, have shut down operations in 2025, leaving travelers stranded and highlighting a trend of financial instability in the aviation industry.

Verijet's Financial Troubles: Verijet filed for Chapter 7 bankruptcy with over $38.7 million in liabilities, including significant debts to jet card customers, following the sudden death of its founder, Richard Kane, and subsequent lawsuits from dissatisfied customers.