Weird news - Airline shuts down leaving passengers in the lurch

An airline, when in operation ferries a number of people to and from different locations in a country our around the world. People book their tickets and plan their leisure time based on these to and fro journeys. So what happens when the airline suddenly comes to a halt (because of lack of money or other such reasons) ? People get really stuck, sometimes in places distant from their home cities and without a way to get back. Buying alternate tickets on other airlines can be expensive at short notices and the entire vacation can get badly ruined because of such cancellations, and lead to monetary losses as well, with the possibility of getting the money back also not possible (refer this case)  

Thousands of travelers have been left in the lurch around the world after the carrier Air Australia went into administration and grounded its fleet Friday.

"It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately," the company said in joint statement Friday with its newly appointed administrators, KordaMentha.

About 4,000 passengers in total have been left stranded in Hawaii, Thailand, Indonesia and Australia as a result of the suspension, said Michael Smith, a spokesman for KordaMentha.