Originally Posted by
irishguy28
Can you give an example of that?
In the most recent "large" European airline failures - Spanair (Star Alliance) and Malév (oneworld) - no tickets, either revenue or award, were honoured after failure. Special "rescue fares" were made available - in some cases, only for travel in the 3 days immediately after collapse - but in NO CASE did any airline honour issued tickets as a courtesy - new tickets had to be bought.
Though a long time ago - I remember that under certain circumstances some Ansett Australia tickets were accepted by QF, SQ and a few others. I believe UA did not cancel Aloha award tickets when they went under.