WOW Air CEO reveals what went wrong for his airline that forced it to layoff 100 employees and dump half of its planes

• WOW Air suffered through a tough 2018 that saw it lay off 111 employees, cut its fleet size in half, and a failed merger with Icelandair.
• According to WOW Air founder and CEO Skúli Mogensen, the company’s struggles can be attributed to its decision to add wide-body Airbus A330-300 jetliners to its fleet in late 2016. This added costs and complexities to the airline’s service delivery and operations.
• In the first nine months of 2018, WOW Air reported a 31% increase in revenue to $501 million while more than doubled to $33.6 million.

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Source : BusinessInsider.Com