Adria shuts down for two days

Desperate Slovenian carrier Adria Airways has cancelled the majority of flights for two days, with effect from 2330 local time on Sept. 23, because of liquidity problems.

In a statement issued Sept. 23, Adria said it will halt operations from its bases in Ljubljana (Slovenia), Pristina (Kosovo) and Tirana (Albania) for two days on Sept. 24 and 25. “During these two days, the company will maintain a connection to its most important hub in Frankfurt”.

The way these things normally go it’s going to be nigh on impossible to reverse the situation as customer confidence vanishes in such circumstances, cutting off further cash receipts.