Icelandair Offers Rescue Fares for Stranded WOW air Passengers

Wow Air faces fury as collapse hits thousands of passengers

Wow Air issued a travel alert on its website Thursday, announcing it has ceased operation and that all its flights have been canceled.

Wow Air's end of operations follows the demise of another European low-budget airline, Primera Air, which folded in October, less than two months after launching regular service between Dulles International Airport and London's Stansted Airport.

Passengers took to social media today as they sought alternative travel arrangements after the Wow Air flights were grounded.

Passengers who didn't book their flights through a registered travel agent have a couple of other options. "Information on those airlines will be published, when it becomes available", the airline said in its closure announcement.

The Icelandic airline was founded in November 2011 and served 36 destinations across Europe, North America, and Asia. "I will never be able to forgive myself for not taking action sooner", he said.

In the early hours of Thursday morning the Icelandic airline said it had cancelled the day's flights while completing an agreement with a group of investors over raising new funds.

The airline's bankruptcy comes after six months of hard negotiations to sell the low-priced carrier, first to its main rival and flag-ship carrier Icelandair and later to Indigo Partners, an American company who operate the airline Wizz.

The airline flew a total of 3.5 million passengers in 2018.




It has reduced its fleet from 20 to 11 aircraft, eliminating several destinations, including those to the U.S., and cutting 111 full-time jobs.

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

Along with Icelandair, Wow has played a key role in Iceland's decade-long boom in tourism. Primera Air went bust late previous year, and the U.K.'s Monarch Airlines closed up shop in 2017. Its crisis has weakened the krona (the currency fell as much as 1.44 per cent on Thursday alone), triggering cabinet meetings that saw the government rule out a rescue using taxpayers' money.

This is the second time in six months this has happened.

In that situation, you would be likely left asking the airline for your money back - money that may not exist, given the dire financial situation that led to the collapse.

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

"I'm now planning on re-booking on a more reliable airline", Wow Air passenger Alex Spence told CNN.

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