jdobbin Posted August 29, 2008 Report Posted August 29, 2008 http://www.ctv.ca/servlet/ArticleNews/stor...?hub=TopStories Zoom Airlines passengers were left stranded Thursday after the Ottawa-based company suspended operations.The suspension came without warning and has stranded several hundred of the company's customers in Britain and Canada. Zoom officials said the downturn in the economy and high fuel costs made it impossible to continue operating. The company has begun insolvency action in Canadian and British courts. The low fare business plan often ends up with a collapse. We have seen this type of cyclical decline in the air business a few times now. Sucks for the people who bought tickets and had their travel plans thwarted. Quote
HisSelf Posted August 29, 2008 Report Posted August 29, 2008 http://www.ctv.ca/servlet/ArticleNews/stor...?hub=TopStoriesThe low fare business plan often ends up with a collapse. We have seen this type of cyclical decline in the air business a few times now. Sucks for the people who bought tickets and had their travel plans thwarted. Yeah. A lousy outcome. Those who bought their tickets through travel agents, or with credit cards that offer automatic trip insurance will be OK. Everyone else is S.O.L. Quote ...
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