Struggling cruise line files Chapter 11 bankruptcy

Core Insights - The travel and tour industry faced significant challenges in 2025, with several companies, including airlines and tour operators, declaring bankruptcy due to lower demand and high competition [1][2] Group 1: Company Bankruptcies - British travel company Great Little Escapes lost its operating license after reporting sustained losses over two years [1] - Jetline Holidays, another British competitor, ceased operations shortly before Great Little Escapes [2] - Swedish tour provider MixxTravel was declared bankrupt, leading to the cancellation of future bookings and ongoing tours [2] Group 2: Financial Implications - At least 1,200 travelers were affected by MixxTravel's bankruptcy, requiring 28.4 million Swedish kronor ($2.93 million USD) in security guarantees for their return [3] - The expedition cruise line Exploris Expeditions & Voyages, based in France, entered bankruptcy proceedings and was placed under receivership [3][4] Group 3: Operational Challenges - Exploris Expeditions cited a "small cash flow problem" exacerbated by a last-minute cancellation from a major charterer as a key reason for its financial difficulties [5] - The company, which launched in 2022, operated a single ship for Antarctic expeditions and had plans to expand with an additional ship in partnership with Adventure Canada, which ultimately fell through [6][7] Group 4: Management Decisions - The leadership of Exploris Expeditions made the decision to file for bankruptcy protection, indicating it was a management decision taken seriously [8][9]