30
Thu, Oct

Airlines offer stranded travelers rescue fares after sudden shutdown

Airlines offer stranded travelers rescue fares after sudden shutdown

Financial News
Airlines offer stranded travelers rescue fares after sudden shutdown
Add us on Google

The week of Oct. 27 started off with yet another European airline getting dangerously close to bankruptcy.

A regional carrier serving the East Midlands region of England since 1997, Eastern Airways abruptly canceled all flights and filed documents, asking a British court to give it time to look for funding and restructuring options instead of going straight to liquidation.

But with several local outlets reporting that planes have already been returned to lenders, hundreds of Eastern pilots and flight attendants will now lose their jobs. Even worse, passengers have been left stranded in various airports in Scotland and northeastern England.

“All Eastern Airways operated flights are canceled,” British Civil Aviation Authority said in an Oct. 27 note to passengers. “Therefore, please do not go to the airport as flights will not be operating.”

After Eastern Airways bankruptcy, Ryanair and Loganair provide rescue fares

Eastern Airways provided service to crucial oil and gas industry hubs in the east of the country, as well as charter flights for several local sports teams based outside larger airports.

Amid the flight cancellations, Dublin-based Ryanair offered £29.99 ($39.69 USD) rescue fares on its flight between London’s Stansted Airport (STN) and Newquay Airport (NQY) in Cornwall.

View post: A camper company is stepping in to help travelers stranded by airline bankruptcyCamper Van
Economy

A camper company is stepping in to help travelers stranded by airline bankruptcy

The low-cost Icelandic airline abruptly canceled all its flights at the end of September.

Veronika Bondarenko

The term “rescue fare” is used when competitors slash the cost of a flight in response to a rush of travelers who have no other choice after a competitor shuts down or is otherwise unable to provide service.

A similar situation played out when Icelandic airline Play filed for bankruptcy and left thousands of travelers stranded in airports across Europe at the start of October. German carrier Condor Airlines offered affected passengers discounted flights to the U.S. through Frankfurt.

A Ryanair plane takes off in a blue sky. lead.

Had an Eastern Airways flight booked? These are your options

While Ryanair only flies to one of the destinations affected by the Eastern Airways shutdown, the airline said the route to Newquay that it runs six times a week is “available for Eastern Airways passengers affected by this sudden London Gatwick to Newquay route cut […] to book now at ryanair.com.”

A fellow regional airline based out of Glasgow Airport (GLA), Loganair also launched rescue fares on flights between Aberdeen International Airport (ABZ) and Kirkwall and Sumburgh off the Scottish mainland for £80 or £87 (up to $115 USD), depending on the direction.

The same route could cost as much as triple the price or more when booked last-minute in a rush of other travelers trying to do the same.

More on travel:

The offer will be valid until the end of Oct. 30. To take advantage, travelers can call the Loganair support centre or show up to the airport with proof of their canceled Eastern Airways flight.

“Following widespread speculation concerning Eastern Airways operations, we’re stepping in to support passengers in any way we can,” a Loganair spokesperson said earlier this week. “As part of our commitment to keeping the islands connected, we’re introducing a special rescue fare on our […] routes to assist affected Eastern Airways customers in reaching their destinations with minimal disruption.”

View post: Another airline files for bankruptcy, cancels all flightsAn airplane is seen flying over clouds with the sun behind it. -lead
Travel

Another airline files for bankruptcy, cancels all flights

The carrier launched in 2020 and expanded quickly both across the U.S. and internationally.

Veronika Bondarenko

About the authors

Veronika Bondarenko

Senior Writer

Veronika Bondarenko is an aviation writer for TheStreet and senior editor at TravelHost. A lifelong aisle seat elector who went from aggressively refreshing aggregators to score the cheapest possible flights to looking for ways to build status without spending like a celebrity, she covers the many stories in the airline world with both the critical eye of a traveler and delight of someone who is at her happiest when flying to a new destination.
Celine is an experienced writer and editor covering news, features, academic/research, and legal topics for over 20 years. At TheStreet.com, Celine is a senior editor with experience across retail, stocks, investing, personal finance, technology, the economy, and travel. 

Content Original Link:

Original Source At Yahoo Finance

" target="_blank">

Original Source At Yahoo Finance

SILVER ADVERTISERS

BRONZE ADVERTISERS

Infomarine banners

Advertise in Maritime Directory

Publishers

Publishers