Hundreds stranded as British airline Flybmi collapses

Hundreds of passengers throughout Europe have been stranded by the abrupt collapse of the British regional airline Flybmi.

British Midland Regional Limited, which operates as Flybmi, said it's filing for administration a British version of bankruptcy because of higher fuel costs and uncertainty caused by Britain's upcoming departure from the European Union.

"Current trading and future prospects have also been seriously affected by the uncertainty created by the Brexit process, which has led to our inability to secure valuable flying contracts in Europe and a lack of confidence around bmi's ability to continue flying between destinations in Europe," the airline said on its website late Saturday.

The airline thanked workers for their dedication and said "it is with a heavy heart that we have made this unavoidable announcement."
Pilots union chief Brian Strutton said the airline's collapse came with no warning and "is devastating news for all employees."