Another airline declares bankruptcy and halts all operations.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2025
0mins
Should l Buy ?
Source: Yahoo Finance
Airline Bankruptcies: Several airlines, including Play, Braathens Aviation, and Verijet, have shut down operations in 2025, leaving travelers stranded and highlighting a trend of financial instability in the aviation industry.
Verijet's Financial Troubles: Verijet filed for Chapter 7 bankruptcy with over $38.7 million in liabilities, including significant debts to jet card customers, following the sudden death of its founder, Richard Kane, and subsequent lawsuits from dissatisfied customers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
