The ailing airline Flybe cancelled all its flights on Saturday and put 276 employees on the streets. “Flybe has ceased operations and all flights to and from the United Kingdom operated by Flybe have been cancelled and will not be rescheduled,” the company said in a statement.

It is the second time in three years that Flybe has had to cease operations due to severe financial problems. The airline flew to Seventeen airports in the UK and Europe, including Amsterdam.

The company advises people who have booked a flight with Flybe not to go to the airport. That means that for some 75,000 people the journey will not continue.

Financial problems have been going on for years. The company was initially saved by the British government. Then the company was taken over by an investment company in order to continue in a slimmed-down form, but then things went wrong again.