Icelandic budget carrier Wow Air has ceased operations and cancelled all flights.
As reported by the BBC, the carrier, which had been in funding talks with investors, flew from London Stansted and Gatwick in the UK.
Travel editor at the Independent, Simon Calder, said in these situations other airlines would step in as they did not seek to make money out of “a bad situation”.
He said passengers should not spend “a fortune on alternative flights unless you were in a real hurry”.
Airlines including Wizz Air, Easyjet and Norwegian were offering flights, he added, for those passengers affected by this news.
Wow was founded in 2011 by its chief executive, Skuli Mogensen. It started flights in 2012 and grew to employ 1,000 people, carrying 3.5 million passengers in 2018 in its 11 aircraft.
It operated both short and long haul routes, flying to Copenhagen and Alicante in Europe and Washington and Boston in the US.
Wow Air is not the only airline to have run into financial trouble recently. Factors including higher fuel bills and excess capacity in the sector have all contributed to a number of airline’s complications.
Earlier this year, Germania filed for bankruptcy, while UK regional airline Flybmi stopped flying in February.
Flybe was also taken over earlier this month for just one penny share.
This is clearly unfortunate news for anyone who was employed by Wow Air. If you are concerned and now looking for a new role, please don’t hesitate to browse our website for aviation jobs. We hope we can help you find something during these uncertain times.