September 20, 2019 / 5:05 AM / a month ago

Budget airline XL Airways stops ticket sales, cites financial issues

PARIS, Sept 20 (Reuters) - French budget airline XL Airways said on its website that it had suspended ticket sales due to financial difficulties at the company, in the latest example of low-cost airlines running into financial problems.

“XL AIRWAYS, in major financial difficulty, is unfortunately obliged to stop ticket sales as from September 19,” it said, adding that flights could be cancelled from September 23 onwards even though it hoped to run this weekend’s scheduled flights.

XL Airways’ woes follow similar issues at French airline Aigle Azur. Aigle Azur’s unfolding bankruptcy is the latest among smaller European airlines struggling to contend with higher fuel costs and stiff low-cost competition. (Reporting by Geert de Clercq; Editing by Muralikumar Anantharaman)

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