Icelandair-WOW Air merger: impacts Keflavik Airport and others
Iceland’s mammoth tourist boom could not last forever. Despite a huge increase in demand over the last eight years, and aviation capacity increases to match, a variety of factors has slowed the growth. This comes at a time when Keflavik Airport has plans for a significant expansion.
The two major airlines, the quasi-FSC Icelandair and the upstart LCC WOW Air, have both been suffering this year and their merger would have come as no great surprise to Iceland-watchers; only its timing, which suggests that their future prospects might have been worse than envisaged.
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