Insolvency shock for young travelers: ABY GmbH is about to end!

Insolvency shock for young travelers: ABY GmbH is about to end!

Ägypten, Land - The travel industry faces considerable challenges because the young tour operator ABY GmbH has filed for bankruptcy. On April 15, 2025, the company, which specializes in ABI and final trips, officially applied for insolvency. All trips that have not yet been started were canceled on May 16, 2025. At the time of bankruptcy, there were no more travelers in vacation destinations, so that there are no direct effects on already traveling holidaymakers.

In order to still help the affected customer, the German travel insurance fund (DRSF) has guaranteed that all package tours that were booked at ABY GmbH and compensate the travelers accordingly. The company, founded in 2018, had its main season between the end of April and mid -May when most business was generated according to the Abitur exams. In view of the ongoing uncertainties in the industry, the bankruptcy of ABY GmbH contributes to the worrying statistics of corporate insolvencies in Germany.

bankruptcies at a maximum level

The number of company insolvencies in Germany has increased alarming in recent years. In 2024 the country recorded almost 22,000 bankruptcies, the highest number since 2015. In the first quarter of 2025, the highest number of corporate bankruptcies has been registered since the financial and economic crisis in 2009. Important sectors such as industry, construction and trade are particularly affected, which according to expert opinions have reached an “absolute high”.

parallel to the bankruptcy of ABY GmbH, WE-Flytour GmbH, another German tour operator, is also in the headlines. This company reported bankruptcy in terms of 1,500 travelers, including holidaymakers in Egypt, Turkey and Mallorca. The insolvency announcement took place on November 25, 2024, which led to cancellations of all trips with the start of travel up to and including November 26th. The DRSF will also offer help here and ensure a safe journey home or continue the vacation.

background of the bankruptcies

The climbing of the bankruptcies can be attributed to various factors. The after-effects of Corona pandemic, a weakening internal economy, geopolitical tensions and increased interest rates play a meaning. The first half of 2024 alone recorded 162 bankruptcies of large companies and a frightening number of up to 11,000 bankruptcies in smaller companies, which corresponds to an increase of 30 to 40 percent compared to the previous year.

These developments make it clear how fragile the travel and tourism sector has become. Reiser reporters recommend holidaymakers to pay attention to a suitable travel insurance certificate, especially in uncertain times in order to be best secured in the event of bankruptcy.

In summary, the bankruptcies of ABY GmbH and WE-Flytour GmbH illustrate the current challenges in the industry and the need for travelers to be well informed and secured.

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