WOW Air, Iceland’s budget airline, has ceased all operations after a long financial struggle. The airline has posted information for passengers.
A statement posted on the website of the airline confirms that all WOW Air flights have been cancelled.
“Passengers are advised to check available flights with other airlines,” the statement reads in part. “Some airlines may offer flights at a reduced rate, so-called rescue fares, in light of the circumstances. Information on those airlines will be published, when it becomes available.”
The statement also includes what rights passengers have to compensation. It also appears that bankruptcy has not been ruled out as one of the airline’s possible outcomes, as the statement says “claims should be filed to the administrator/liquidator” in the event this happens.
Icelandic public broadcasting network RÚV is reporting that Icelandic air authorities are exploring contacting other airlines to offer emergency services to stranded WOW Air passengers.
WOW Air CEO Skúli Mogensen (seen above) told reporters that time simply ran out before the airline was able to find the funding to keep them operational.
“I can never forgive myself for not having acted sooner, but it is clear that WOW was an unbelievable airline and we were on the right path to great things,” he said. “I wish I had more time, because you deserve better, but I am deeply sorry that we have come to this position.”
As reported, WOW Air has been struggling financially for months now, to the point where even the Minister of Finance was compelled to chime in. Ultimately, no viable investor could be found for the airline. More details will be posted as they arise.
If you booked your flight through WOW Air, see here for more information.
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