Ports of Jersey said it was saddened by the news of Blue Islands was suspending its operations.
“Blue Islands has been a valued operator at Jersey Airport for many years, and we recognise that this news will come as a disappointment to its passengers, employees, and the wider island community,” a statement said.
Guernsey Ports managing director, Ross Coppolo said he hoped rescue flights with airlines such as Aurigny would help minimise disruption.
“Our priority now is passengers who are affected over the coming days,” he said.
Southampton Airport advised passengers to not travel to the airport and visit Blue Island’s website for more information.
“It is with regret we have been notified that Blue Islands has suspended trading, meaning all flights it operated to and from Southampton have been cancelled,” the airport said.