With a tough economic market continuing to rock many smaller travel companies, players in a number of industries have been left with no choice but to file for bankruptcy.
Airlines like Play, Braathens, and Blue Islands have all had to shut down operations in the fall of 2025, while tour operators such as Great Little Escapes, Jetline, and Tango Travel were also among those lost to the economic market in 2025.
On the sailing end, 56-year-old boat California manufacturer Catalina Yachts was also forced to stop production last October over what owner President Patrick Turner classified as difficulty “navigating short-term financial challenges.”
The company was evicted from its manufacturing facility…