Low-cost airline cancels all flights, no refunds

In the last month, budget airlines such as Play and Braathens as well as regional charter carriers including Verijet and Kachina Air have had to file for bankruptcy in a market dominated by fluctuating travel spending and increased competition. When Reykjavik-based Play abruptly shut down operations after running out of funds, competitors like Condor Airlines had to step in and offer rescue fares to assist thousands of travelers left stranded at airports all over Europe. Travelers were told to "check fli ...