7 months Fly the unfriendly skies Manilatimes |Biz
BEN KRITZON Thursday, Icelandic low-cost carrier WOW Air abruptly ceased operations after a hoped-for financial rescue failed to materialize, leaving thousands of passengers stranded in Europe and North America. WOW’s apparently sudden demise was just the latest in a series of failures that suggests 2019 may be an annus horribilis for the airline industry. WOW had gained popularity steadily after its inauguration in 2012, focusing on a low-cost, long-haul model. Up until the last quarter of last year, things seemed to be going well; the airline hauled 3.5 million passengers in 2018. In October, however, WOW took some drastic ... more