Five airlines have gone into administration and cancelled flights (Image: Getty)
Five airlines have now plummeted into administration or liquidation in 2026 so far, with every single one of their flights cancelled as a result.
This week, European Cargo Limited became the latest casualty of the turbulence in the travel sector, with the Bournemouth-based UK carrier collapsing into administration with 178 jobs being lost.
A spokesman for administrators Teneo Financial said: “The appointment follows a period of significant financial pressure on the business, driven by reduced flying activity and working capital and fuel cost pressures. The company has ceased trading and, regrettably, redundancies are being made.”
It comes after US airline…