WOW air, being a private company does not issue regular financial information, except when they are convenient. They however have to submit their annual report before end of August and it becomes publicly available at that time. So the company sent out information yesterday about 2017 results. A loss of $23M. Link in Icelandic only.
https://www.mbl.is/vidskipti/frettir/2018/07/13/wow_air_tapadi_2_4_milljordum_i_fyrra/
Revenue up by 58%. But cost up by a lot more...
I predict with higher oil cost and sagging fares that 2018 will be a lot more difficult.
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- LGAviation
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Re: WOW air lost $23M in 2017
TATL operations certainly will become more difficult and it might actually be wise for them to look at NA/India as new niche. Aside from that they should actually look more at EU/NA-Iceland traffic since that is where, especially in summer, the yields are. Also maybe they would profit from teaming up with someone like Wizz Air (not just a colour match) to increase the feed for their TATL network.
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- musman9853
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Re: WOW air lost $23M in 2017
With how much oil spiked this year i'm surprised it was only a 20million dollar loss.
Re: WOW air lost $23M in 2017
musman9853 wrote:With how much oil spiked this year i'm surprised it was only a 20million dollar loss.
These are last years numbers. So last years oil prices apply.
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