Articles tagged “wow air”

Iceland’s Central Bank Further Cushions the Blow of Tourism Collapse

Iceland’s Central Bank Further Cushions the Blow of Tourism Collapse

Ragnhildur Sigurdardottir, Bloomberg

It's no surprise that a 17 percent drop in visitors to Iceland in the past four months is wreaking havoc on Iceland's visitor-centric economy.

3 weeks ago

The Most Amazing Airline Failures of the Past 15 Years

The Most Amazing Airline Failures of the Past 15 Years

Madhu Unnikrishnan, Skift

The airline industry is a tough business. Dozens of carriers have gone belly-up since Skift Airline Weekly began publishing in 2004. We picked 10 of the most interesting bankruptcy and grounding stories in the last 15 years.

3 months ago

Wow Air’s Shutdown Prompts Recession Fears in Iceland

Wow Air’s Shutdown Prompts Recession Fears in Iceland

Ragnhildur Sigurdardottir, Bloomberg

Iceland's tourism growth had seemed unstoppable. But as Skift has said for years, every geopolitical upheaval today can be traced back to the travel sector in some way. Policy planners need to adequately account for it.

4 months ago

Travel Advisors With LGBTQ Clients Need to Know Local Norms

Travel Advisors With LGBTQ Clients Need to Know Local Norms

Maria Lenhart, Skift

LGBTQ consumers are a particularly well-traveled and high-spending business source for travel advisors. Serving them requires knowledge and sensitivity about their preferences, as well as the legal and cultural landscape in various destinations.

6 months ago

Wow Air Joins 20 Other Airlines That Folded in Just the Past Year

Wow Air Joins 20 Other Airlines That Folded in Just the Past Year

Jay Shabat, Skift

Wow Air’s failure stranded passengers all over its route network and got quite a lot of attention because of its role in Iceland’s tourism success story. But it’s got company — check out the list of airlines that have folded in just the last 12 months. Aviation is a tough business.

6 months ago

Will Wow Air’s Demise Ease Iceland’s Overtourism Problem?

Will Wow Air’s Demise Ease Iceland’s Overtourism Problem?

Ragnhildur Sigurdardottir and Nick Rigillo, Bloomberg

Blessing in disguise in terms of addressing overtourism? Or a terrible blow to Iceland's economy? We'll have to wait and see just how the loss of Wow Air will play out in the country.

6 months ago

RIP Wow Air: Discount Airline Finally Calls It Quits

RIP Wow Air: Discount Airline Finally Calls It Quits

Patrick Whyte, Skift

It's the end of the road for Wow Air. But what does its failure mean for Iceland's aviation and tourism industries?

6 months ago

Wow Air Moves On After Frontier Owner Bails on Talks

Wow Air Moves On After Frontier Owner Bails on Talks

Patrick Whyte, Skift

If Indigo Partners isn't willing to invest, we're betting that things don't look pretty at Wow Air. Will the struggling carrier survive?

6 months ago

Travel Megatrends 2019: Low-Cost Carriers Lose Some Luster

Travel Megatrends 2019: Low-Cost Carriers Lose Some Luster

Brian Sumers, Skift

Customers like low-cost airlines, but no carriers so far have perfected the model for long-haul flights. It’s not clear they ever will.

7 months ago

Tourism in Iceland Might Drop This Year as Airlines Can’t Keep Up

Tourism in Iceland Might Drop This Year as Airlines Can’t Keep Up

Ragnhildur Sigurdardottir, Bloomberg

This isn't such a bad thing for Iceland, which has started to feel the strain of overtourism. Plus, even with the decline, the small country still expects to see millions of tourists.

8 months ago

Ryanair Issues Profit Warning as Fares Tumble

Ryanair Issues Profit Warning as Fares Tumble

Christopher Jasper, Bloomberg

Ryanair's lowered guidance is a sign of how tough things are for European airlines at the moment. Fortunately, the airline is still highly profitable; the same can't be said for some of its smaller rivals.

8 months ago

Travel Advisor Innovation Report: South African Agents Build Trips for the Untraveled

Travel Advisor Innovation Report: South African Agents Build Trips for the Untraveled

Maria Lenhart, Skift

Whether it's an appeal to young black South Africans or seniors who fear paying a single supplement, travel advisors who know the particular needs of their own peer groups can have a built-in advantage.

10 months ago