It's been a tough year for international discount air carriers. Wow Air, an upstart discount carrier based out of Reykjavik, Iceland, that has recently expanded into the United States, has also hit turbulence. Facing a tidal wave of upcoming costs, the carrier was forced to consider a sale to its rival Iceland Air this October. Now, Norwegian Air, a popular discount carrier that offers budget airfare to a handful of destinations in the United States, is reportedly on the brink of collapse. Norwegian Air runs a major hub out of that airport with multiple flights daily operating to both international and European destinations.

Source: Forbes December 22, 2018 19:52 UTC