ZOOM Airlines goes bankrupt

Zoom Airlines was grounded on Thursday, as the recent spike in fuel prices was too much to handle for the popular discount airline.   Operations are suspended immediately, and all flights are cancelled, leaving hundreds of passengers stranded.

Customer funds are covered by TICO (the Travel Industry Council of Ontario) for Zoom flights booked with an Ontario Travel Agent.

HERE is the Reuters report on the story

One Response to “ZOOM Airlines goes bankrupt”

  1. August 29, 2008 at 4:14 pm #

    One day later, Alitalia bites the bullet:
    http://news.bbc.co.uk/1/hi/business/7588475.stm

    Quite a shake out in the airline industry, and it is not over yet..

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