Popular budget airline SkyEurope has halted all flights the company announced on Tuesday after filing for bankruptcy earlier in the week. The company was forced into bankruptcy after failing to restructure their debt amidst sinking profits for this fiscal quarter.

The airline, which is headquartered in Slovakia, was founded in 2001 and mainly serviced flights around continental Europe. The downfall on Tuesday and the sudden suspension of all flights left thousands of passengers on the budget airline stranded without flights on Monday and Tuesday.

After filing for bankruptcy the company abruptly shut down all flights, and told ticketholders that they would have to purchase return flights from other airlines at their own expense. The company offered FlyNiki and Austrian Airlines, also low cost budget carriers as alternative flights on their website.

In June the company sought creditor protection for a three month period out of Slovakia, and was attempting to avoid bankruptcy by reworking their debt. However when these attempts failed, SkyEurope was forced to declare bankruptcy and halt all further flights scheduled. 

Twelve scheduled flights for the company were cancelled Monday in Bratislava stranding 1,200 passengers at the airport. Then, on Tuesday, and additional 21 outgoing flights were cancelled stranding even more passengers flying with the airline.