Almost every airline around the world has, at this point, cut routes to optimize the use of jet fuel. Some, in turn, have had to cancel so many that they end up shutting me down either temporarily or permanently.
In May, Mexican low-cost carrier Magnicharters filed for bankruptcy protection in the First District Court for Bankruptcy Proceedings in Mexico City a month after suspending all flights for what it initially hoped would be a period of two weeks.
Earlier in the year, Maldives-based BeOnd shut down for the summer amid the high cost of jet fuel and security situation in its main Dubai base set off by the U.S. strike on Iran. Carriers such as Toki Air in Japan and Jetflite in Finland have announced extensive flight cuts that signal what could end up being a rocky future.
Flybondi cancels 12 flights, leaves thousands of travelers stranded
In Argentina, low-cost carrier Flybondi is also facing a crisis after the high cost of jet fuel and other operations caused it to ground all but one Boeing 737 plane amid flight cancelations that left thousands of travelers in different parts of South America stranded and the exit of its former chief executive Mauricio Sana.
Launched out of El Palomar Airport (EPA) in Buenos Aires in 2016, Flybondi quickly grew into the country’s largest budget carrier through the ultra-low-cost model. While June is traditionally a peak travel period in Argentina, the skyrocketing cost of jet fuel pushed Flybondi to cancel 12 flights in the first week of the month that left more than 2,200 passengers stranded.
Related: Another airline prepares to shut down and cancel all flights
Head of communications Lucía Ginzo has also exited the company as its future looks increasingly uncertain. Local outlets are reporting that Flybondi is not responding to press requests for comment on its financial situation.
In December 2025, Flybondi announced plans to modernize its fleet with an order of up to 35 new A220 and B737 planes for 2027. The airline first drew the attention of regulators after falling behind on employee salaries in March 2026, Local outlets are reporting debts of over $122.4 million to various vendors.
Flybondi is an Argentine airline established in 2016.
Flybondi
Which Flybondi flights are canceled in June 2026
Many of the canceled flights were slated to run to other South American countries like Brazil and Peru from Argentina.
Without comment from the company, Argentine aviation analysts have said that Flybondi is grappling with a very poor financial outlook due to both heavy debt load and an aging fleet that has become very expensive to maintain.
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In March 2026, the airline launched an internal redundancy and cost-cutting program that it called an “organizational redesign.”
Airlines that filed for bankruptcy in 2026:
- Spirit Airlines: The largest airline shutdown of the year occurred when Spirit Airlines canceled all remaining flights on May 2. Although the airline had filed for Chapter 11 protection twice before, the skyrocketing price of jet fuel dealt the final blow to its operations.
- Magnicharters: The Mexican low-cost airline canceled all of its flights until May 2026 in a shutdown that left thousands stranded.
- Starflite Aviation: Houston-based Starflite Aviation had its AOC license revoked in March 2026, amid FAA claims that owners falsified pilot training records to bypass safety audits.
- AlpAvia: Slovenian charter airline AlpAvia also shut down in March 2026 over financial problems.
- H-Bird: Charter airline H-Bird was declared bankrupt by a Swedish judge after losing its operating license at the end of 2025.
Related: Another airline files for bankruptcy, cancels flights