Citywing had taken more than £1 million in advance tickets sales before it folded.
Figures show it owes passengers £1,136,386.67 - something which was revealed at a meeting of creditors last week.
A breakdown of the company's accounts shows it owed a number of airports money including £38,000 to Ronaldsway, £11,000 to Gloucester, £13,000 to Cardiff and £15,000 to Blackpool.
Among its outstanding debts to businesses are £61,000 to Rendezvous Handling Services and £104,000 to the Fuel Trading co.
Speaking after the airline collapsed the Chief Minister Howard Quayle said he believed government had done all it could to help:
Regulator wants views on fit and proper guidance
Hygiene events for the hospitality industry
Business support session in Douglas today
Book your place for graduate career fair
Bank deposits rising, says regulator
Island maintains 'medium high' risk level for money laundering
New motorsports bar advertises for staff in countdown to TT