Among all of the noise caused by the Coronavirus, the news of airline companies shutting down quietly went under the radar. Such airlines include:
While these are small regional airlines, they still played an important role in their respective markets. For example, Flybe operated 40% of domestic flights in the UK. If the Coronavirus pandemic is not contained soon and quarantine measures remain intact, we are sure to see even more airlines filing for bankruptcy, some of which might be huge market players.
Recently, LOT Polish Airlines, Air Baltic, SAS Scandinavian Airlines and many other airlines have suspended their operations. While some companies have tried to entice travelers to buy tickets by waiving change and cancelation fees, this has not had the desired effect since people are still worried about coming in contact with the virus.