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AIRLINES across Europe could collapse by September if the fuel crisis continues, the boss of Wizz Air has warned.

The ongoing war in Iran has seen the closure of the Strait of Hormuz, one of the world’s busiest shipping routes.

This has meant a shortage in fuel, including jet fuel, which has resulted in prices per barrel doubling in price.

Wizz Air chief executive József Váradi has since warned that airlines will be forced into closing if the prices remain high.

He told the Telegraph: “Airlines go bust two times a year, in September and February [and] airlines with weak liquidity positions will come under immense pressure in September time.

“At the moment, all airlines are selling against summer demand, which is the highest-priced capacity during the year – but you run out of steam by the end of June.”

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He added that airlines will be fine during summer as they are “making money” due to demand.

However, he said that winter was not the same, which will see a “flood of capacity removed” in September and October.

In the worst chaos scenario – which he called an “Armageddon situation,” Wizz Air could cancel up to 30 per cent of flights.

Lots of airlines have already cancelled flights in recent weeks.

This includes: 

• Lufthansa – 20,000 cancelled up to September
• United – around 250 a month cancelled
• Air New Zealand – around 1,000 cancelled
• Scandinavian Airlines – around 1,000 cancelled
• KLM – 160 cancelled
• Cathay Pacific – two per cent of flights up to June 30

Here are what all the other UK airlines are saying about the fuel crisis.

A TRAVEL company in the UK has gone into administration after nearly 20 years.

Regen Central Ltd, a travel company that specialises in package holidays to the likes of Europe, South East Asia and the Middle East has entered liquidation with all holidays cancelled.

The specific number of Brits impacted by the announcement is currently unclear.

However, some Brits might not get refunds if they had a holiday booked.

Records show that the company’s ATOL protection was withdrawn on January 13.

ATOL is the UK government-backed financial protection scheme that comes into place when travellers book a package trip that includes a flight.

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The licensing is required for all tour companies in the UK and guarantees that customers get a refund if the company collapses.

The UK-based travel agency launched back in 2009 and is Hertfordshire based and was known for selling holidays to the likes of Italy, Bali, Thailand and Dubai.

A spokesman for the Civil Aviation Authority (CAA) said: “We understand the company had no outstanding ATOL-protected bookings.

“Bookings sold as accommodation only, non- flight packages, and flight only bookings for which tickets were issued are not protected by the ATOL scheme.

“As there are no outstanding ATOL-protected bookings, no refunds will be issued.”

The CAA also confirmed that any travellers seeking a refund for ATOL-protected bookings must do this through its claims process.

However, many bookings such as accommodation-only, non-flight packages and ticketed flight only deals, might not be covered by the ATOL protection scheme.

In simpler terms, this could mean for holidaymakers that have booked with Regen Central Ltd, they might not get a refund.

The spokesperson for the CAA added: “If you believe you are owed a refund for an ATOL-protected booking, under Regen Central Ltd’s ATOL, please contact us via email at claims@caa.co.uk.”

The company was officially ordered to wind-up – a court ruling that forces a company into compulsory liquidation – in May last year, with the process commencing in August.

In other travel news, a major airline has cut flights to and from UK as fuel crisis bites ahead of busy summer period.

Plus, a closed UK airport reveals more details about being able to reopen as part of a huge £193million project.

Regen Central Ltd has entered liquidation after losing its Air Travel Organisers’ Licensing, leaving customers without refunds after their holidays were cancelled

All bookings made with a popular British travel company have been cancelled after it entered liquidation.

Regen Central Ltd, a Hertfordshire-based travel company, sold holiday packages to Europe and Southeast Asia. It entered liquidation on January 13 after losing its Air Travel Organisers’ Licensing (ATOL).

ATOL, a scheme administered by the Civil Aviation Authority (CAA), provides financial protection for package holidays or flights booked through registered travel firms, covering refunds or repatriation if a firm collapses.

However, certain bookings fall outside ATOL protection, including accommodation-only and non-flight packages, leaving affected customers without the same safeguards.

The CAA said: “We understand the company had no outstanding ATOL-protected bookings. Bookings sold as accommodation only, non-flight packages, and flight only bookings for which tickets were issued are not protected by the ATOL scheme. As there are no outstanding ATOL-protected bookings, no refunds will be issued.

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“If you believe you are owed a refund for an ATOL-protected booking, under Regen Central Ltd’s ATOL, please contact us via email at claims@caa.co.uk.”

Regen Central Ltd was established in 2011 and offered packages to Italy, Bali and Thailand, as well as destinations in the Middle East including Dubai and Saudi Arabia. It previously traded under the names One Haji and Umrah, Regen Travels and Oneworld Travels.

It comes after holiday packages booked through Simply Florida Travel Ltd were cancelled after the company ceased trading earlier this year.

The Glasgow-based agency offered holiday packages to destinations including Disneyland, Disney World, Universal Studios, New York City, Toronto, Niagara Falls, Miami and various cruises.

Companies House records show the independent operator applied to be struck off the register on October 13, 2025. It was formally dissolved on January 6 and stopped trading as an Air Travel Organisers’ Licensing scheme-protected provider on January 20.

Several other British travel companies have collapsed in recent months, including Gold Crest Holidays, Great Little Escapes, Jetline Travel and Asiara UK Ltd.