Originally Posted by
Copenhagen
Flagging how the health of its airlines could affect Iceland’s economy, the central bank said this month a 14 percent fall in the value of the krona against the dollar since September was “due to some extent to temporary uncertainty about domestic airline WOW air’s financing.”
https://in.reuters.com/article/us-wo...-idINKCN1NY1CQ
This is getting serious - Wow’s problems have resulted in the Islandic currency falling 14%. Iceland sure likes flying close to the sun way too often.
Wow airs handler at KEF Airport Associates has laid off 237 staff this evening.