Moderators: jsumali2, richierich, ua900, PanAm_DC10, hOMSaR

 
User avatar
LAX772LR
Posts: 13550
Joined: Sun Nov 09, 2014 11:06 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:34 am

This thread is misnamed.

It's not official yet. Would be somewhat surprising if it isn't very soon... but it still isn't, as of now.
I myself, suspect a more prosaic motive... ~Thranduil
 
User avatar
DarkSnowyNight
Posts: 2777
Joined: Sun Jan 01, 2012 7:59 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:36 am

LAX772LR wrote:
This thread is misnamed.

It's not official yet. Would be somewhat surprising if it isn't very soon... but it still isn't, as of now.


Absolutely. This at least should have been merged into the other, quite applicable thread.
"Nous ne sommes pas infectés. Il n'y a pas d'infection ici..."
 
User avatar
DarkSnowyNight
Posts: 2777
Joined: Sun Jan 01, 2012 7:59 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 4:39 am

pnutt wrote:
Statement posted on wowair.com now:
"TRAVEL ALERT
WOW air is in the final stages of finalizing equity raise with a group of investors. All flights have been postponed until documentation with all parties involved have been finalized.
Further information will be given at 9 am."


Yeah, that's really not a great sign. But like most/all of us, hoping for the best here...
"Nous ne sommes pas infectés. Il n'y a pas d'infection ici..."
 
PlanesNTrains
Posts: 9524
Joined: Tue Feb 01, 2005 4:19 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:41 am

strangeplanes wrote:
filipinoavgeek wrote:
Wait why is the title "WOW Airlines Officially Done" if they're not dead just yet? Shouldn't the thread be renamed?

The airline is insolvent. They don’t have the funds to continue operations. The airline cancelled all of their flights and is done operating. Operationally they have closed up shop.

WOW is claiming to be in talks with Indigo (at 4am) but those talks ,if successful, would restart the dead airline.


You can still book flights on their website and they only mention canceling tomorrow’s flights. I get that they’re likely done but where is the official announcement?
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
User avatar
intotheair
Posts: 1918
Joined: Sun Aug 31, 2014 12:49 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:46 am

PlanesNTrains wrote:
You can still book flights on their website and they only mention canceling tomorrow’s flights. I get that they’re likely done but where is the official announcement?


Ah yes. Cancelling all flights tomorrow while securing more funding...something completely healthy airlines do.

I agree that the thread title is premature at best, though it's not looking good for WOW.
300 319 320 321 332 333 345 346 380 717 733 734 735 73G 738 739 744 752 753 762 763 772 77W 788 789 CR2 CR7 CR9 CRK Q400 E175 DC10 MD82 MD90
AA AF AS AY AZ B6 BA BR DL F9 FI GA HA KF LH MI QX SK SN SQ UA US VY WN
 
User avatar
compensateme
Posts: 3279
Joined: Wed Jan 28, 2009 4:17 am

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:47 am

strangeplanes wrote:
filipinoavgeek wrote:
Wait why is the title "WOW Airlines Officially Done" if they're not dead just yet? Shouldn't the thread be renamed?

The airline is insolvent. They don’t have the funds to continue operations. The airline cancelled all of their flights and is done operating. Operationally they have closed up shop.

WOW is claiming to be in talks with Indigo (at 4am) but those talks ,if successful, would restart the dead airline.


That’s not correct. Per WOW’s website, if you’re scheduled to travel on Thursday, you may contact the airline and receive a full refund. Thus, WOW is not insolvent — insolvent companies are incapable of issuing refunds (instead, it’s suggested you do a chargeback).

WOW May be dying but it’s hardly “officially dead.” Please update your thread title accordingly, for now.
We don’t care what your next flight is.
 
PlanesNTrains
Posts: 9524
Joined: Tue Feb 01, 2005 4:19 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:47 am

intotheair wrote:
PlanesNTrains wrote:
You can still book flights on their website and they only mention canceling tomorrow’s flights. I get that they’re likely done but where is the official announcement?


Ah yes. Cancelling all flights tomorrow while securing more funding...something completely healthy airlines do.

I agree that the thread title is premature at best, though it's not looking good for WOW.


“I get that they’re likely done...”
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
santi319
Posts: 1082
Joined: Thu Dec 29, 2005 3:24 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:54 am

RIP WOW

Long haul low cost in the western world just doesnt work...
 
User avatar
aemoreira1981
Posts: 3702
Joined: Mon Jan 09, 2017 12:17 am

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 4:57 am

asuflyer wrote:
TF-JOY was repossessed at YUL earlier this evening.


That may be one of the LATAM-owned frames (managed by Air Lease Corporation, if the NTU information is correct). I expect TF-JOY, TF-GMA, and TF-GPA to be taken back by LATAM if indeed they were the true owners.

TF-NOW, which had been on a wet-lease, is currently grounded at MIA. TF-PRO was earlier repossessed at YUL. Both NOW and PRO are owned by Shanghai's Bank of Communication (BoComm), and I expect both frames to be ferried to the desert for temporary storage.

Status of each plane:
CAT (A321): stuck at EWR (owned by Goshawk)
DOG (A321): stuck at BOS (owned by Goshawk)
DTR (A21N): stuck at BWI (owned by ALC)
GMA (A321): stuck at YYZ (managed by ALC, may be owned by LATAM Airlines Group)
GPA (A321): last flew on March 18, at KEF (managed by ALC, may be owned by LATAM)
JOY (A321): repossessed at YUL tonight (managed by ALC, may be owned by LATAM)
NEO (A20N): ferried KEF-LJU on March 21 on lease return (owned by ALC)
NOW (A321): repossessed at MIA on March 24 (owned by BoComm)
PRO (A321): repossessed at YUL on March 24 (owned by BoComm)
SKY (A21N): stuck at CPH (owned by ALC)
WIN (A321): stuck at DTW (owned by ALC)

To have to pay out of pocket to return home---YIKES! Only 7 planes departed KEF today out of KEF for WW.
 
TTailedTiger
Posts: 2846
Joined: Sun Aug 26, 2018 5:19 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 5:45 am

Does WOW still have the A330?
 
User avatar
intotheair
Posts: 1918
Joined: Sun Aug 31, 2014 12:49 pm

Re: WOW Airlines Officially Done

Thu Mar 28, 2019 5:46 am

PlanesNTrains wrote:
intotheair wrote:
PlanesNTrains wrote:
You can still book flights on their website and they only mention canceling tomorrow’s flights. I get that they’re likely done but where is the official announcement?


Ah yes. Cancelling all flights tomorrow while securing more funding...something completely healthy airlines do.

I agree that the thread title is premature at best, though it's not looking good for WOW.


“I get that they’re likely done...”


Oh I didn't mean to sound like I was objecting to what you're saying – that was more of just a tongue in cheek reply.

The whole thing reminds me a little bit of Monarch's collapse..."we have to cancel some flights," "don't worry we're still in business," "we just need to figure out some extra cash," then poof.
300 319 320 321 332 333 345 346 380 717 733 734 735 73G 738 739 744 752 753 762 763 772 77W 788 789 CR2 CR7 CR9 CRK Q400 E175 DC10 MD82 MD90
AA AF AS AY AZ B6 BA BR DL F9 FI GA HA KF LH MI QX SK SN SQ UA US VY WN
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 7:29 am

It's very weird the fact that most of the fleet is out of base. There must be something we are missing to be announced at 9am.

Hoping the best for the employees of this airline.
 
McG1967
Posts: 556
Joined: Wed Apr 05, 2006 2:36 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:10 am

When does the Icelandic stock exchange open?
I suspect any announcement will be tied to the opening of that due to regulatory requirements.
 
User avatar
hvusslax
Posts: 424
Joined: Sat Aug 15, 2015 7:35 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:21 am

McG1967 wrote:
When does the Icelandic stock exchange open?
I suspect any announcement will be tied to the opening of that due to regulatory requirements.


9 AM local time. In 39 minutes from now.
 
okjet
Posts: 8
Joined: Tue Jan 10, 2006 9:48 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:22 am

Now official, WW is over

https://wowair.com/travel-alert/

TRAVEL ALERT
End of Operation of WOW AIR

Information for WOW AIR passengers
WOW AIR has ceased operation. All WOW AIR flights have been cancelled.
How will I reach my destination?
Passengers are advised to check available flights with other airlines.
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:25 am

TTailedTiger wrote:
Does WOW still have the A330?

They have returned all four A330 during last round of cutting. https://www.flightglobal.com/news/artic ... ch-453954/
- Life is a journey, travel it well -
 
TTailedTiger
Posts: 2846
Joined: Sun Aug 26, 2018 5:19 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:26 am

Best of luck to all of the employees. Hopefully they can find work with another airline soon.
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:29 am

okjet wrote:
Now official, WW is over

https://wowair.com/travel-alert/

TRAVEL ALERT
End of Operation of WOW AIR

Information for WOW AIR passengers
WOW AIR has ceased operation. All WOW AIR flights have been cancelled.
How will I reach my destination?
Passengers are advised to check available flights with other airlines.

This is truly saddening. Godspeed for all involved.

In first three months of 2019, we have lost:

- Germania (Germany)
- California Pacific (US)
- Flybmi (UK)
- Insel Air (Curaçao)
- Tajik Air (Tajikistan)
- Asian Express Airline (Tajikistan)
- Life is a journey, travel it well -
 
StreetF117
Posts: 8
Joined: Thu Jan 03, 2008 3:38 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:31 am

WOW no longer operates the A330.

TF-GAY, TF-LUV & TF-WOW are withdrawn from use and currently stored at LDE.

F-WWCU (TF-MOG ntu) msn 1887
F-WWKS (TF-BIG ntu) msn 1870

Both of these A330-941N's are currently stored at TLS in full WOW colour scheme.
A319 A320 A32N A321 A332 A333 A346 A359 A380 B732 B733 B734 B737 B738 B739 B744 B752 B753 B762 B763 B764 B77E B77W BCS3 SU95 DH8D
 
Eirules
Posts: 1974
Joined: Sat Aug 04, 2007 5:17 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:34 am

Always sad to see a business fail and people lose their jobs. Unfortunately this has been coming for quite a while
The way you cut your meat reflects the way you live....
 
conflats
Posts: 39
Joined: Sun Dec 06, 2015 10:06 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:37 am

Sad to see them go, sad news for the staff and customers.

I guess norweigan and icelandair will take up some of the customers in that market segment
 
ctrabs0114
Posts: 1113
Joined: Mon Oct 09, 2017 8:09 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:46 am

WW121 KEF-DTW (Tail: TF-WIN) was the last flight of WOW Air per FR24:

https://www.flightradar24.com/data/flig ... 1#1ff30e9a
2019: DAL, MCI, PHX, LAS, DFW, SAT, ORD, SLC, SEA, DTW, PHL, MIA, LAX; B73G (WN x3), B738 (WN, AA, DL), A20N (NK), MD83 (AA), B788 (AA x2), CS1 (DL), B739 (DL), B712 (DL), B752 (AA), B763 (AA), B77W (AA), B789 (AA)
Next: TBA
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:49 am

Bad timing to see them go... I assume no wages had been yet transferred to the employees for the month of March yet, right?
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:53 am

Very sad indeed but I must admit I didn’t see the point of them. We don’t mind a few pounds here or there for ancillaries, but £40 for a roll on bag was a bit excessive. That’s £80+ return just for a roll on and checked bags were even more. Onboard food was obscene. I appreciate it may be in line with the Icelandic market, but I’d guess many passengers were US or Europe based and the prices to them were excessive. It was €9.50 for a sandwich. On Ryanair you’ll get a main, side and a drink for just €10. easyJet even cheaper. A similar meal deal on WOW was €13.50 which is quite a lot if you’re a family travelling on four different flights.

Then there’s the issue of them seemingly to take on too much in a small time frame.

Now that basic economy is common on the legacies then I wonder where we go? Economy basic service just with higher prices? I can’t imagine they will keep the prices low once competition from WOW and Norwegian have gone rather they’ll keep the service low and charge more.
Last edited by FlapsOne on Thu Mar 28, 2019 8:56 am, edited 2 times in total.
 
trent772
Posts: 195
Joined: Wed Oct 10, 2012 10:08 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 8:54 am

They have ceased operations, its now official.

https://twitter.com/flightradar24/statu ... 32928?s=21

https://wowair.com/travel-alert/

Best wishes to all involved.
 
wexfordflyer
Posts: 209
Joined: Mon Jun 01, 2009 1:48 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:03 am

While this has been on the cards for quite a while, I can't help but feel a sense of sadness at this. The issues and challenges with the business model are clear. But seeing new and different airlines flying across the atlantic, and trying something new, is something I find interesting and exciting in the industry. It's sad to see it not working.

Best wishes to all involved.
Come with me, there's a place I want you to see, where the leaves are dark, I've got a hiding place in central park.
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:14 am

Although the model itself I guess it is yet to be proven that it works... WOW could be the perfect example of what NOT TO DO.

Little hub.
About 70-80% of the network saw strong direct/indirect competence.
Mixed of narrow/wide body fleets.
Unclear model between a leisure airline?, low cost short haul player?, TATL player?

As much as we all have debated about the model, I guess Norwegian (which could be seen as the "closest" thing to WOW) has a different scale and is doing things at a different level.
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:14 am

It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.

I suspect in a few hours time as sunrise hits our American colleagues that there will be a sudden surge in gloating as people champion the elimination of competition and celebrate the protection of their favourite airline or their heavily unionised airline jobs.

A sad day.
 
AirbusOnly
Posts: 421
Joined: Fri Jun 02, 2006 4:06 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:14 am

"I will never be able to forgive myself for not taking action earlier, as it is obvious that WOW was an incredible airline and we were on the right track to do great things again."

https://www.mbl.is/frettir/innlent/2019 ... alfum_mer/

This writes Skúli Mogensen, CEO of WOW air, in a letter to employees this morning after it was announced that the company's operations would be stopped.

He says he would like to see more time for policy and more could have been done "since you all understand your own so much more and I am very sorry to put you in this position," Skuli continues in his letter.

Skúli writes that no matter what he says, he will always be grateful to have worked with such a wonderful team and I sincerely hope that we can remember our achievements as a pioneer in low cost flight and have built up incredible brands over time. That in itself is no small achievement that you should all be proud of. "

At the end of the letter, Skúli thanks passengers to WOW air, who has been with the company from the beginning. He also thanks partners all over the world as well as the authorities. "We all tried our best to the end."

Then Skúli writes:

“Last but not least, I would like to thank you, my dear friends, for the greatest journey of my life. We will always be WOW and I will never forget you. I hope and trust that you will never forget the WOW spirit and that you take it with you in your next adventure.

Thanks."
Last edited by AirbusOnly on Thu Mar 28, 2019 9:24 am, edited 1 time in total.
 
AirbusOnly
Posts: 421
Joined: Fri Jun 02, 2006 4:06 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:22 am

I liked this airline and appreciated Skuli Mogensen for his courage and unconventionality in creating something big in a small country. What was the slogan in the former national anthem of the former German Democratic Republic?Risen from ruins ... that's what I wish WOW AIR. May she soon - restructured - shake up the market again! Long live WOW AIR
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:26 am

FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.


I don't think so. The model of low fares TATL is here to stay. The issue is the economies of scale, which for players like WOW were terrible and continue to be challenging for all little airlines which have little level of cooperation or integration. We have several brands/airlines which are doing sort of "the same thing" powered by big air groups like Lufthansa (Eurowings) or IAG (LEVEL). I don't see the low fares going...
 
juliuswong
Posts: 2021
Joined: Wed Dec 14, 2016 3:22 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:28 am

StreetF117 wrote:
WOW no longer operates the A330.

TF-GAY, TF-LUV & TF-WOW are withdrawn from use and currently stored at LDE.

F-WWCU (TF-MOG ntu) msn 1887
F-WWKS (TF-BIG ntu) msn 1870

Both of these A330-941N's are currently stored at TLS in full WOW colour scheme.

Thai AirAsia X is taking over msn 1901 and msn 1903 which were previusly allocated to WOW Air. Not sure if they will take over msn 1870 and msn 1887.

WOW Air had bitten more than it could chew. Despite the many signs of financial and operational stress over the past few months, they didn't heed it and take steps to solve all issues at hand. Indigo Partners and Icelandic must have been spooked out when they saw WW's books and bailed out.
- Life is a journey, travel it well -
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:37 am

a350lover wrote:
FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.


I don't think so. The model of low fares TATL is here to stay. The issue is the economies of scale, which for players like WOW were terrible and continue to be challenging for all little airlines which have little level of cooperation or integration. We have several brands/airlines which are doing sort of "the same thing" powered by big air groups like Lufthansa (Eurowings) or IAG (LEVEL). I don't see the low fares going...


I hope you’re right. I always support the little guy and the underdogs and I’m genuinely sad it didn’t work out as I was Primera.

One good thing about it being a leased fleet and A320 type is that Icelandair can’t simply pick over the carcus and cherry pick the last pieces of meat on WOW’s bones. There’s no 737MAX, used 737-800 won’t be as easy to come by, the 757 even more difficult. It’s not like WOW can be absorbed into Icelandair which I think is good. Bringing a new type in house isn’t going to be quick and easy.
 
User avatar
Number6
Posts: 70
Joined: Thu Aug 30, 2018 8:17 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:43 am

This is such a shame. I liked WOW Air, they were interesting to say the least. But my only trip on board last November, just after they announced the talks with Icelandic Air, there were things that suggested to me that branding costs were an issue. Both aircraft, to and from LGW had custom carpets embroidered with the WOW air logo. The entry door floor featured wood effect laminate and every overhead light/vent panel had a different little logo or saying. I counted at least 10 different styles.

Ok these aren’t big things, but the cost of customised carpets can’t have been cheap, and on a leased aircraft, well it seemed like they spent money on items that really didn’t need the money spent. Once the trip was over, I flew home to Vienna from LGW and the A319 featured the standard factory fitted grey carpet and that was that. No fuss.

My biggest regret for the whole trip was i missed out on writing up a great article on WOW Air. That was my reason for going. Instead I spent three days in Keflavik with a horrendous cold and a North Altlantc storm passing through.
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:46 am

Obviously the fares FROM Iceland won't be as cheap probably. That's another weakness of the WOW model. They took off with the little bit "old-fashioned" idea that people would make the detour of KEF in order to fly cheap to USA. That's part of the DNA of Keflavik when back in the day planes needed to stop there, or simply flew through there the cheapest air routes to the States from Europe. However, in equal fare conditions, I guess most of the people preferred the non-stop options from Europe which every day became more and more available.
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:52 am

Number6 wrote:
This is such a shame. I liked WOW Air, they were interesting to say the least. But my only trip on board last November, just after they announced the talks with Icelandic Air, there were things that suggested to me that branding costs were an issue. Both aircraft, to and from LGW had custom carpets embroidered with the WOW air logo. The entry door floor featured wood effect laminate and every overhead light/vent panel had a different little logo or saying. I counted at least 10 different styles.

Ok these aren’t big things, but the cost of customised carpets can’t have been cheap, and on a leased aircraft, well it seemed like they spent money on items that really didn’t need the money spent. Once the trip was over, I flew home to Vienna from LGW and the A319 featured the standard factory fitted grey carpet and that was that. No fuss.

My biggest regret for the whole trip was i missed out on writing up a great article on WOW Air. That was my reason for going. Instead I spent three days in Keflavik with a horrendous cold and a North Altlantc storm passing through.


True. A purple antimacassar on the head rest one thing, but custom everything is surely costly and makes end of lease work slow and costlier. Keep everything plain and standard and it list keeps it simpler.
 
Blankbarcode
Posts: 123
Joined: Tue Apr 05, 2016 1:10 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:52 am

And just like that TATL from Western Europe got a little more expensive... Shoot
 
MIflyer12
Posts: 8982
Joined: Mon Feb 18, 2013 11:58 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:54 am

Where's the post that said there was nothing to the remarks on financial distress, we're all just a bunch of WOW-haters? Anybody who could read a financial statement knew there were issues.
 
blueflyer
Posts: 4352
Joined: Tue Jan 31, 2006 4:17 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 9:58 am

a350lover wrote:
FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.


I don't think so. The model of low fares TATL is here to stay. The issue is the economies of scale, which for players like WOW were terrible and continue to be challenging for all little airlines which have little level of cooperation or integration. We have several brands/airlines which are doing sort of "the same thing" powered by big air groups like Lufthansa (Eurowings) or IAG (LEVEL). I don't see the low fares going...

Eurowings and LEVEL were created to compete with the likes of WOW and Norwegian. In a world without independent LCCs, Lufthansa and IAG will scale down their efforts to redirect revenues and profits to their motherships.
 
User avatar
Polot
Posts: 11206
Joined: Thu Jul 28, 2011 3:01 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:00 am

WOW is a great lesson on why you take growth slow and steady and don’t get caught up in shiny wide body delusions of grandeur. That decision (picking up a330s) was the beginning of the end of WOW.
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:06 am

blueflyer wrote:
a350lover wrote:
FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.


I don't think so. The model of low fares TATL is here to stay. The issue is the economies of scale, which for players like WOW were terrible and continue to be challenging for all little airlines which have little level of cooperation or integration. We have several brands/airlines which are doing sort of "the same thing" powered by big air groups like Lufthansa (Eurowings) or IAG (LEVEL). I don't see the low fares going...

Eurowings and LEVEL were created to compete with the likes of WOW and Norwegian. In a world without independent LCCs, Lufthansa and IAG will scale down their efforts to redirect revenues and profits to their motherships.


I think once the long haul LCCs vanish the legacies will keep their LCC brands as a fare bucket to keep the name going and will be ready to return and resurrect their respective LCC brands if a new disrupter comes to the market. The LCC brand could also be a separate cabin section - what used to be called ‘thrift’ or will become the economy basic fare type like what we see today. Either way they’re investing heavily in brands but operationally have very mixed success such as Eurowings.
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:08 am

Polot wrote:
WOW is a great lesson on why you take growth slow and steady and don’t get caught up in shiny wide body delusions of grandeur. That decision (picking up a330s) was the beginning of the end of WOW.


I agree. Slow and steady wind the race. As a shareholder I remember when Stelios kicked off big time about easyJet’s over ambitious expansion plans and wanted shareholder return sooner than their plans allowed hence its growing a lot more conservatively than was planned.
 
ikarlson
Posts: 48
Joined: Thu Feb 16, 2017 3:04 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:09 am

Had to happen, way too many destinations and price too good to be true, good bye w0w air
 
SCQ83
Posts: 5831
Joined: Wed Oct 03, 2012 8:32 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:15 am

juliuswong wrote:
In first three months of 2019, we have lost:

- Germania (Germany)
- Flybmi (UK)


There is too much competition in Europe and not enough market. Germania, Flybmi and WOW will not be the last ones we see.

Also while in 2018, VLM went bankrupt by the end of the year.
 
haye5377
Posts: 8
Joined: Thu Jul 14, 2016 9:41 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:21 am

Clearly they tried to take on too much, too fast. My only experience with WOW flying DTW-KEF-DTW last year was fantastic, however. I feel sorry for the employees, and I know this will have an impact on Iceland's economy as well, though operationally at KEF it will create some breathing room.

I wonder, however, how much of this was caused by the constant media speculation - I know it has prevented me from booking another KEF vacation that I wanted to take in May or June, as well as wanting to take WOW to Europe in September, both of which I was waiting to book until I knew the outcome of the Icelandair/Indigo funding. I know family and colleagues who were also waiting to book WOW tickets to Iceland until this was sorted.
 
ELBOB
Posts: 350
Joined: Sun Jun 21, 2015 6:56 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:23 am

okjet wrote:
Now official, WW is over


WOW Air was not an IATA member so referring to them as WW is incorrect.
 
BestWestern
Posts: 8358
Joined: Fri Sep 08, 2000 8:46 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:24 am

To think of all the bullshit from the CEO last year about opening a second hub in Dublin.

KEF is too small a city for two hub airlines.
Greetings from Hong Kong.... a subsidiary of China Inc.
 
User avatar
Revelation
Posts: 25238
Joined: Wed Feb 09, 2005 9:37 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:27 am

FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.

I suspect in a few hours time as sunrise hits our American colleagues that there will be a sudden surge in gloating as people champion the elimination of competition and celebrate the protection of their favourite airline or their heavily unionised airline jobs.

A sad day.

So, I suppose you're fine with me stereotyping your entire nation as well?

Anyway, where there is a profit to be made some one will give it a go, and IMHO there still we be ways to undercut the TATL legacies.

WOW's CEO himself is admitting he missed the opportunity to scale things back earlier, and the result is today's outcome.

Hopefully once the dust settles there will be better organized efforts to capitalize on the low cost TATL opportunity.

I'm confident such will arise.
Wake up to find out that you are the eyes of the world
The heart has its beaches, its homeland and thoughts of its own
Wake now, discover that you are the song that the morning brings
The heart has its seasons, its evenings and songs of its own
 
a350lover
Posts: 925
Joined: Sun Dec 24, 2017 11:21 am

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:36 am

What was the final total pax number of WOW Y2018?

Interestingly, back in 2012 Keflavik hand't even reached the barrier of the 3M pax. Last year there were nearly 10M. Surely WOW wasn't the only actor but it contributed very much to this growth. Will KEF airport still need the terminal expansion planned?
 
FlapsOne
Posts: 156
Joined: Tue Jan 01, 2019 8:13 pm

Re: WOW Financial Discussion Thread

Thu Mar 28, 2019 10:40 am

Revelation wrote:
FlapsOne wrote:
It’s very sad to see it go and I feel a chapter is closing on LCC TATL flights. Soon it will go back to the preserve of the middle classes and today’s inclusive offerings whereby everyone can afford to fly is sadly drawing to a close. I feel we take a step back in the evolution of the industry.

I suspect in a few hours time as sunrise hits our American colleagues that there will be a sudden surge in gloating as people champion the elimination of competition and celebrate the protection of their favourite airline or their heavily unionised airline jobs.

A sad day.

So, I suppose you're fine with me stereotyping your entire nation as well?

Anyway, where there is a profit to be made some one will give it a go, and IMHO there still we be ways to undercut the TATL legacies.

WOW's CEO himself is admitting he missed the opportunity to scale things back earlier, and the result is today's outcome.

Hopefully once the dust settles there will be better organized efforts to capitalize on the low cost TATL opportunity.

I'm confident such will arise.


Being on the receiving end of people stereotyping an entire nation is just part and parcel of being British so I’m not bothered either way.

I don’t think there’s a way to rise from the ashes on this one. Once an airline is dead, it’s dead. Unless you’re Pan Am 2.0 or Eastern 3.0 both of which have been total disasters.

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos