Airline Liquidations in 2026 - The first airline to cease operations in 2026 is Royal Air Philippines, which has canceled all commercial flights, affecting 3,000 to 4,000 travelers [1][2] - Royal Air Philippines was established in 2017 and expanded to international destinations but has faced ongoing financial challenges [1][2] Dove Airlines Voluntary Liquidation - Dove Airlines, an Indian charter carrier founded in 2007, has entered voluntary liquidation on January 5, 2026, after failing to improve its financial situation [3][5] - The airline has not operated flights since 2022 and has faced sustained financial losses, leading to its decision to liquidate [4][6] - Despite attempts to find new funding and turn its finances around, the airline's modest profit of ₹23.9 lakh (approximately $2,600) in the 2024 fiscal year was insufficient [5][6] Previous Airline Bankruptcies - Several airlines filed for bankruptcy in 2025, including Spirit Airlines, Ravn Alaska, Corporate Air, Play Airlines, and Braathens Airlines, indicating ongoing instability in the airline industry [7]