News that low-cost carrier Primera Air ceased operations as of Monday night comes as a shock to those who watched the small airline budding and expanding its reach across Europe last year.
airline bankruptcy
How Deep Will SAS Cuts Go?
Scandinavian airline SAS appears to be on the ropes as the company announces chopping prices and selling assets in a struggle to keep afloat. Massive losses from 2011, combined with a murky 2012 have spelled tough times for the once profitable and venerable airline.