What Happens When an Airline Shuts Down? 5 Things You Need to Know The complete shut down of Primera Air and now WOW Air are examples of the reality that an airline can abruptly fail. Without notice, even a large airline can shutter, leaving some passengers stranded away from home and others responsible for out-of-pocket costs for worthless tickets. While a big U.S.-based airline hasn’t failed in recent years, financial analysts have said that Europe’s high number of low-cost startups (which are increasingly expanding to the U.S.) make those airlines’ survival questionable. What You Need to Know When an Airline Fails Although specific circumstances are unique in each case, you can see some patterns reoccur each time an airline fails. Here’s what you need to know about the potential threats of an airline faltering, and what an airline failure means for travelers. Bankruptcy is not the same as airline failure. Airlines can go bankrupt without fai...
11 Luxury Destinations That Are Cheaper Than You Think Luxury doesn’t have to mean expensive, especially in a destination with a favorable exchange rate. If beachfront villas and fine dining without the five-star price tag is more your travel style, consider these 11 luxury destinations and hotels around the world that offer affordable-yet-glamorous vacations. Travel’s Backpacker Index for a city is listed. You can read more about what makes up the Price of Travel’s Backpacker Index, here. Otherwise, the price for a three-course dinner at a mid-range r Editor’s note: When available, the Price of estaurant for two peopleis listed for comparison. Currency rates were accurate at the time of publication but are subject to change. Gaya Island, Sabah, Malaysia Gaya Island sits just off the coast of Kota Kinabalu. Images of the island evoke the tropical paradises of the Maldives or Tahiti, but this off-the-beaten-path gem is located in Borneo’s South China...