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[FrugalFlyerv2.0]

WashPost link

BUDAPEST, Hungary — Hungary’s national carrier ceased operations, grounded all its flights and stranded more than 7,000 passengers Friday, blaming what it called an “unsustainable” financial situation.

Malev, which had been selling tickets as late as Thursday, has debts of around 60 billion forints ($270 million) and has been unable to find new investors.

The state-owned airline, which was established the year after the end of World War II, stopped all its flights at 6 a.m. on Friday (0500 GMT, midnight Thursday EST). Malev is a member of the Oneworld airline alliance that also includes American Airlines and British Airways.

[American6]

I know that. One of the reasons why AA discontinued JFK-BUD.