Passengers stranded after Iceland's WOW air collapses

Dwayne Harmon
March 29, 2019

Icelandair and Hungarian airline Wizz Air, for example, are now offering rescue fares to stranded WOW Air passengers.

"These fares will only be available for passengers who have already embarked on their journey", Icelandair said, "and have a return ticket with Wow air between 28 March and 11 April 2019".

ALL of a budget airline's flights have been cancelled from today (Thursday) wrecking the travel plans of hundreds of thousands of passengers including in the United Kingdom and Spain.

The airline flew to cities including Washington, New York, Paris, London and its Reykjavik hub.

Iceland's Wow Air has stopped flights, stranding thousands of passengers.

The authority said WOW would be billed $565,472 for not completing the deal - $187,500 for a prorated portion of the incentive and $377,972 in landing and gate fees that would have been waived had the airline finished the contract.

It's not clear yet if passengers will be refunded for flights.

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"I will never be able to forgive myself for not taking action sooner", he added.

Wow Air ended operations after failing to reach agreement with investors to pump fresh cash into the Icelandic discount carrier.

Roughly six months prior to the airline's closure, WOW Air CEO Skuli Mogensen tried unsuccessfully to sell the airline first to Icelandair and then to Indigo Partners. Belgium's VLM announced its liquidation in August, when Switzerland's Skywork Airlines AG also ceased flights. We would like to inform you that due to operational reasons our few flights have been cancelled. kindly share your WOW air booking confirmation number via DM (https://t.co/NsdgsBJoF2) for further assistance.

It began flying between Ireland and Iceland in June 2015, providing direct flights between the two countries for as little as €39.99 each way.

"Flying from Europe to the USA through Iceland was a jolly interesting, cheap way of doing it". Its revenue per passenger, however, has not kept up and fell by about 20 percent in 2017, according to the last earnings report.

In 2018, WOW Air, which employs 1,000 people, transported 3.5 million passengers.

Europe is known as a cut-throat market with large, efficient competitors including Ryanair (RY4C.IR, RYA.L) and EasyJet (EZJ.L), along with legacy airlines such as Air France-KLM (AF.PA), Lufthansa (LHA.DE) and British Airways owner IAG (IAG.L).

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