On Sunday I asked whether transatlantic low cost carrier Wow Air was toast. I phrased it in the form of a question but pointed out that while the answer to internet posts phrased as a question is almost always ‘no’ in this case it was probably the opposite.
This morning they ceased operations while stranding passengers. Your best recourse at this point if you hold tickets is likely to be with your credit card company. Claims by unsecured creditors with the airline’s bankruptcy administrator are far less likely to be successful.