While dozens of airlines around the world have filed for bankruptcy or shut down operations since the start of 2026 over the sudden spike in jet fuel prices, companies in adjacent industries have also hit upon hard times amid an uncertain economy.
A number of cruise booking and travel agencies, travel insurance providers and in some cases the companies overseeing delay and cancelation compensation have all ended up in bankruptcy in recent years.
The latest name to join that list is EUclaim, a Dutch company handling compensation for delays on flights originating out of or into European Union countries. On August 24, the District Court of Gelderland in the Netherlands formally declared the Arnhem-based company bankrupt after an initial “suspension of payments” period was moved into full bankruptcy after just three days.
EuClaim providing flight delay compensation declared bankrupt by Dutch court
The Dutch term refers to an intermediary legal process before a failing company is declared bankrupt.
In EUclaim’s case, a bankruptcy court declared the company insolvent after several repeated failures to make payments owed to creditors.
Related: Another airline files for bankruptcy, will liquidate
The company confirmed the bankruptcy to the national Dutch broadcaster but did not comment further on what it would mean for the business or any efforts to restructure. The court-appointed administrator put out a statement saying that, amid widespread uncertainty around how the insolvency process would affect ongoing claims for delayed flights, the process would continue without interruption.
“Everyone remains at work and customers of EUclaim also continue to receive their payments of awarded claims,” the curator told Dutch news.
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What is EUclaim and what kind of compensation does it provide
EUClaim was founded in 2007 out of the eastern region of The Netherlands bordering Germany as an advisory firm helping customers claim the compensation entitled to them under EU laws. According to its statistics, it served over 846,000 airline passengers since its launch.
The company files delay claims through the government for the customers and charges a fee only when the refund is issued. While a private company cannot provide customers with more than they are entitled to by the country’s laws, it promised to simplify the claim submission process for those unfamiliar or overwhelmed by the process.
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EUclaims claims to have received more than 600 reimbursement requests in January 2026 after heavy snow and winds caused widespread cancelations at Schiphol Airport (AMS) in Amsterdam.
Airlines and travel companies that shut down in 2026:
- Flamingo Air and Aerodiana: The regional airlines with large client bases among tourists to the Bahamas and Peru, respectively, currently have suspended AOCs after fatal accidents in their home countries in July 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.
- Magnicharters: The Mexican low-cost airline canceled all flights and filed for bankruptcy 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 was also shut down in March 2026 due to financial problems.
Related: Another airline shuts down, cancels all flights due to low demand
