I got this in my email last weekend:
Zoom Airlines sincerely regrets to advise its customers that it has suspended operations with effect from 18:00 UTC on Thursday 28 August. All flights scheduled to depart from have been cancelled and Zoom’s aircraft have been grounded. Both Zoom Airlines Inc and Zoom Airlines Ltd, the Canadian and UK airlines, will be filing for insolvency proceedings in their home countries today.
The collapse of Zoom is a result of matter beyond our control. Only last year Zoom Airlines made profit, but that turned into a loss in the last year due to the unprecedented increase in the price of aviation fuel and the economic climate. The price of oil resulted in our fuel bill jumping by nearly $50 million in one year and we could not recover that from passengers who had already booked their flights.
That’s just pooey. I liked Zoom. For the price of a cattle-class seat on Air Canada, you could get a premium economy seat on Zoom that would give you 4 more inches of leg room. For me, that makes a hell of a difference, comfort-wise. I’ve never had a bad experience with Zoom (the most annoying thing was an hour-long delay on the last flight). I mean, come on, they even let Bobble fly a plane once!
It would seem that times are tough for everybody. On the day that Diddy wails that oil prices forced him to ground his private jet and resort to travelling with the unwashed masses in commercial flights (albeit in Executive First Class), a good company needs to close down and lay off all its staff.