SkyEurope airline goes into bankruptcy protection
SkyEurope, a Slovak low-cost airline, has gone into bankruptcy protection in order to restructure its business.
With British Airways in the last week announcing requests to staff to work for free for one month stating ``a fight for survival'' leading online financial protection firm ProtectMyHoliday.com warns of possible major failures in the next 12 months as cash runs dry in the travel industry with already one of Europe's top airlines SkyEurope filing for creditors protection in the last few days after cash loans run out.