Altares Report: Q1 2026 Failures
Failures
High Pressure
The first quarter of 2026 confirms a clear deterioration with an acceleration of failures business
Altares 2026 Analysis
Record number of claims
"An unprecedented level of failures, pushing defaults over 12 months to over 71,100 companies."
Q1 Failures
Annual Claims
Jobs at risk
Market Focus
The Journey Resists
Travel Agencies
"Significant decrease in failures, satisfactory performance."
Tour operators
Overall activity remained stable over the period.
Booking Services
Sector under pressure: rise in failures.
Travel sector (NAF 79)
Passenger Transport
Explosion of Failures Taxi
"Taxis and ride-hailing services account for 94.6% of transport sector failures in Q1 2026."
Road Accidents
+60.6% vs Q1 2025
Altares Expertise
's Analysis
Thierry Millon
"The year got off to a bad start with record failures. The Iranian conflict is disrupting the energy situation and air transport."
Critical factor: The continued rise in energy prices.
BFM Business: Analysis by Thierry Millon (Altarès)
Failures: In Brief
Tension Points
Record in Q1: 18,986 collective procedures registered (+6.4%).
Fragile SMEs: Rapid deterioration for companies with 20-99 employees (+12.1%).
Critical Zone: Taxis and ride-hailing services account for 94.6% of transport accidents.
Jobs: More than 75,000 jobs at risk, a record level since 2009.
Signs of Resilience
Travel Agencies: Exceptional decline in failures (-40.0%).
Tour operators: Sector stable in the face of a difficult economic context.
Very small businesses (3-9 employees): Show greater strength than SMEs.
Regions: Normandy and Corsica maintain a positive dynamic.
