WOW was a bold experiment, but it was done in by the hard realities of airline operations: costs are high, margins are low and competitors are hostile
While working to address financing, WOW Air also cut back on routes and reduced its fleet of aircraft. All of these efforts failed.
In the letter to employees, Mogensen reminisced about the bold ambitions of the low-cost transatlantic carrier, boasting its pioneering spirit, and thanked employees for their efforts. Mogensen also thanked customers and partners who believed in the airline."We all tried our best to the end," he wrote.
“I hope and trust that you will never forget the WOW spirit and that you take it with you in your next adventure,” Mogensen said in closing.While there was certainly plenty of ambition, optimism, and hope for WOW, the hard realities of airline operations are that costs are high, margins are low, and competitors are hostile.
In aviation, there is little room for error. Success requires either limitless funding regardless of viability—a la Alitalia—an established position that makes you “too big to fail”—like the three major U.S. carriers—or swift decision making and a no-nonsense approach to management, as with Ryanair and its East European rival
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Wow Air ceases operations, leaving passengers stranded around the worldIcelandic airline Wow Air has announced that it has ceased operations and canceled all flights in a statement on its website Thursday.
Les mer »
Wow Air ceases operations, leaving passengers strandedIcelandic airline Wow Air has announced that it has ceased operations and canceled all flights in a statement on its website Thursday.
Les mer »
Wow Airline passengers stranded after airline shuts down unexpectedlyThe company was known for low-cost bare minimum flights. Here's what to do if you're stranded.
Les mer »
Passengers stranded after Iceland's WOW air collapsesIceland's WOW air became the latest budget airline casualty on Thursday, ha...
Les mer »
Passengers Stranded As WOW Air Collapses, Founder Mogensen Expresses RegretWOW was a bold experiment, but it was done in by the hard realities of airline operations: costs are high, margins are low and competitors are hostile.
Les mer »
Passengers Stranded As WOW Air Collapses, Founder Mogensen Expresses RegretWOW was a bold experiment, but it was done in by the hard realities of airline operations: costs are high, margins are low and competitors are hostile.
Les mer »
Travelers stranded after Icelandic airline collapsesREYKJAVIK, Iceland (AP) — Icelandic budget airline WOW Air collapsed under its financial problems on Thursday, leading it to ground planes and leave passengers stranded across two...
Les mer »