Struggling cruise line files Chapter 11 bankruptcy

While 2025 introduced with it the high-profile bankruptcies of airways such as Play and Spirit Airlines, many corporations working tours and journey packages confronted an even more durable time due to decrease demand and high quantity of rivals working in given markets.

In June, British journey company Great Little Escapes was stripped of its license to operate after reporting sustained losses for the 2 earlier years.

Fellow British competitor Jetline Holidays had equally closed down operations a few weeks earlier, while Swedish tour supplier MixxTravel was declared bankrupt by a decide at the end of July.

As half of the order to shut down operations, the latter company had to cancel both future bookings and, in some instances, tours that have been already midway through.

According to the house owners, at least 1,200 vacationers have been overseas at the time of the bankruptcy and had to be introduced back utilizing 28.4 million Swedish kronor ($2.93 million USD) in security ensures from the bankruptcy proceedings.

The latest tour operator to land in bankruptcy proceedings is the expedition cruise line Exploris Expeditions & Voyages. Based out of Nantes in France, the cruise operator was positioned under receivership by a local decide.

In what is the equal of Chapter 11 in the U.S., French bankruptcy law permits corporations unable to handle their debt to continue operations as they give the impression of being to restructure.

“Unfortunately, we have a small cash flow problem that has been exacerbated by this last-minute cancellation by a major charterer, which has made things extremely difficult for us,” Expedis VP Éric Lustman said in a assertion translated from French.

Launched in 2022 and working a single ship on expeditions to Antarctica from Argentina, Expedis Exploration had a single ship with room for 144 passengers and 102 crew members.

Plans to increase to an extra ship through a partnership with Adventure Canada have been underway for 2026 when the discussions in the end failed to come through and the key investor pulled out of the settlement in September 2025.

The tours have been marketed primarily to French vacationers and, according to the cruise line’s management, have been working at roughly 50% during the 2024-2025 season.

“We have made the decision, and this is not something to be taken lightly, to file for bankruptcy protection,” Lustman said further. “It is a management determination.”