Iceland’s Wow Air ceased operations and cancelled their flights resulting in passengers being left stranded. Passengers traveling with Wow Air are advised to book with other airlines.
Airlines may offer rescue fares or flights at a reduced fare, the travel editor for the independent said he did not think other airlines would intervene as they have no intention of making a profit from a bad situation.
Wow were selling flight tickets until 07:00 on the morning they went bankrupt. There is a possibility of compensation if passengers booked their flights through a package, they may be entitled to get their money back as they were part of an ATOL. If this is not applicable to passengers, then they might be able to claim their money back through their travel insurance. Otherwise passengers may be eligible to receive some compensation from Wow according to the European Regulation on Air Passenger Rights.
Lately airlines are experiencing financial trouble especially with higher fuel bills. Ryanair admitted to their first quarterly loss since March 2014, Flybe was bought for a one penny share and Germania airlines went bankrupt. There is further turbulence ahead in 2019.
© 2019 Christopher Hanges