Wow Air has ceased operation.
The Icelandic budget airline made the announcement on its website this morning.
Last year the company announced a loss of €30 million for the first nine months of the year - and let go of over 100 staff in December.
The airline, which employs around 1,000 people, has now confirmed that it has entirely ceased operations.
It operated a number of flights to and from Dublin, with its main Reykjavik services allowing connections to several North American airports.
The airline has advised passengers to check if so-called 'rescue-fares' are available with other providers in light of the circumstances.
Wow Air said in a statement: “Wow Air has ceased operation. All Wow Air flights have been cancelled.
“Passengers are advised to check available flights with other airlines.
“Some airlines may offer flights at a reduced rate, so-called rescue fares, in light of the circumstances.”
It added: “Passengers may also be entitled to compensation from Wow Air, including in accordance with European regulation on Air Passenger Rights.
“In case of a bankruptcy, claims should be filed to the administrator/liquidator.”