On Nov. 26, New Pacific Airlines CEO Thomas Hsieh sent an email to employees announcing the closure, according to View From the Wing.
There is still no clear word on whether staff working abroad were temporarily stranded, though the company appears to be arranging transportation home for crew members still in the field.
The original vision from 2022 had been an international service model with flights to Asia through Ted Stevens Anchorage International Airport—but that strategy was constrained when Russian airspace became a no-fly zone, making the routes financially and operationally unworkable.
A Year of Closings
New Pacific’s shutdown is the latest in a difficult year for independent low-cost airlines. According to The Street, several other budget carriers have shuttered operations in 2025, some including:
Spirit Airlines (U.S.)Silver Airways (U.S.)Kachina Air (U.S.)Ravn Alaska (U.S.)Fly PLAY (Iceland)Braathens International Airways AB (Sweden)Azul Linhas Aéreas Brasileiras (Brazil)Air Belgium (Belgium)SKS Airways (Malaysia)Jetstar Asia (Singapore)Kenai Aviation (U.S.)“Despite its global importance, regional aviation has not experienced the same dynamic post-pandemic recovery as other parts of the aviation industry," Management consulting firm McKinsey and Company recently summarized in a new report. "Pilot shortages, aging fleets and limited manufacturer investment may have all played a role in these results."
“We’ve grown thoughtfully,” Neeleman said at a CAPA Airline Leader Summit in Grand Cayman in April. “We’re not trying to do too much too fast, and that’s helped us avoid some of the major disruptions others have faced.”
What This Means for Passengers Hoping For Deals
For travelers, the trend is still a concerning one—but not because airfares are universally rising. Though prices are up a bit year over year (3.2%) as of September, ticket prices have actually fallen a bit (6.1%) over the past 10 years, thanks to increased capacity and softer demand (though these numbers don't account for increased ancillary charges, like checked bag fees and priority boarding add-ons.)
In other words, even if you never flew New Pacific, the loss of another low-cost competitor can make affordable flights a little harder to come by—especially in smaller or underserved markets where these airlines once helped keep prices down.
Sources:
www.mckinsey.com/industries/travel/our-insights/small-planes-big-changes-the-evolving-business-of-regional-aviation?utm_source=chatgpt.com apex.aero/articles/breeze-airways-ceo-david-neeleman-opens-capa-summit-with-bold-vision-for-passenger-centric-tech-driven-airline-growth/#:~:text=Scalable%20Growth%20Without%20Overextension,ownership%20makes%20a%20huge%20difference.%E2%80%9D www.nerdwallet.com/travel/learn/travel-price-tracker#:~:text=When%20comparing%20September%202025%20prices,low%2Dcost%20carriers%20struggle%20financially. avgeekery.com/breeze-airways-aims-to-serve-150-cities-by-2030/#:~:text=When%20Leader%20asked%20what%20Breeze,where%20others%20haven't%20looked.Hence then, the article about another low cost airline suddenly shuts down for good was published today ( ) and is available on Parade ( Saudi Arabia ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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