A passenger jet (Image: Getty)
Five airlines have suffered financial difficulty, leaving holidaymakers facing cancelled holidays and flights. The vast majority of carriers used by British travellers – including British Airways, easyJet, Jet2, Ryanair, Virgin Atlantic and Wizz Air – remain financially stable.
However, some airlines have been slashing services while others have pushed up ticket prices to manage rising costs. Meanwhile, the head of the International Energy Agency (IEA) has cautioned that Europe could exhaust its jet fuel supplies in as little as six weeks.
The most recent casualty is Spirit Airlines, which is ceasing operations after failing to secure a $500m (£368m) rescue package from the Trump administration.
The…