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.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.