What does the Royal Air Philippines liquidation mean for UK travellers?

Expect fewer seats on some connections to the Philippines and short-term fare pressure. If you were booked, seek a refund through chargeback or Section 75 if eligible, or ATOL if it was a protected package. Rebook early with flexible dates and nearby airports to keep costs in check.

How do I get refunds for cancelled flights after an airline insolvency 2026?

Start with your card provider for a chargeback. For credit cards, Section 75 may apply to purchases between £100 and £30,000. If you booked a protected package, contact the ATOL organiser. Keep all confirmations and cancellation notices. Check your travel insurance for additional cover.

Will fares rise on routes affected by the Legend Airlines shutdown?

In the near term, fares can rise where capacity drops and demand stays firm. Larger airlines may backfill seats over time, which usually eases prices. Act quickly to rebook, consider nearby airports, and set alerts. Off-peak dates and one-stop itineraries can help keep fares manageable.

Which companies might benefit from traffic consolidation?

Stronger airlines with wider networks and healthier balance sheets can gain share. Airports on affected corridors and some online travel agencies may also see support. Investors should track capacity guidance, load factors, and yield commentary in updates to judge who is capturing displaced demand.

What signs suggest an airline is under financial stress?

Watch for rapid schedule cuts, delayed refunds, frequent sale fares without cash flow clarity, and high lease or financing burdens. In filings, review liquidity runway, unencumbered assets, and near-term debt maturities. Persistent operational issues and weak forward bookings also signal rising risk.

Global Market Insights

February 06: Royal Air Philippines Liquidates as Legend Airlines Shuts

ByDanny Kontos February 6, 2026February 6, 2026

The phrase royal air philippines liquid trended on 6 February as the carrier entered liquidation and cancelled all flights. Romania’s Legend Airlines also shut, adding to pressure on smaller regional airlines. Thousands of passengers now face refunds for cancelled flights and route disruption. For UK readers, this could mean fewer seats on select Asia and Eastern Europe links and short-term fare pressure. We explain the travel steps to take, the risks investors should track, and where capacity and cash flows may shift next.