Could Virgin Airlines Go Bust?

Virgin Atlantic is not technically bankrupt, according to the company. It plans to continue operations while the airline restructures. In a court filing, it appears that the company could run out of funds if deals are not struck soon.

What happens to my flights if Virgin goes bust?

Virgin Atlantic: If your flight is cancelled you can rebook, reroute or opt for an open ticket for future travel. ... British Airways: If your flight is cancelled you will be able to rebook or request a refund.

Are Virgin Atlantic likely to go bust?

Virgin Atlantic has filed for bankrupt protection from creditors in the US, according to a court filing in New York on Tuesday. ... Virgin Atlantic flies only long-haul international routes and suspended flights in April due to the coronavirus pandemic. The bankruptcy is the second from a Virgin Group airline this year.