The second woe is past. The full description of this woe occupies Rev 9:13-11:14. The account describes the natural spiritual punishment which is inflicted upon men in consequence of their sins (Revelation 9:13-21).
This is insufficient to lead men to avert the final judgment by timely repentance. We have then a further description of God's long suffering, and the rejection of his mercy, accompanied by an assurance of the safety of the faithful (Rev 10:1-11:10).
This brings us to the end of the world (Revelation 11:11-14), just as the sixth seal led to the same termination (Revelation 7:12-17), and both are followed by the seventh, which gives a reference to the eternal peace of heaven.
And, behold, the third woe cometh quickly. Omit "and." It is not said, in the case of the other "woes," that they come quickly. In his description of the preservation and glorification of the Church under the form of the "witnesses," the writer had been led to anticipate in some degree what follows under the seventh trumpet.
Thus the seventh comes quickly. When events have progressed so far that the faithful Church is ascended to heaven with her Lord, then immediate]y follows the eternal rest set forth under the seventh trumpet.
But this period is described as "the third woe," because it is the period of time final punishment of the wicked; and it is the judgment of the ungodly which is the theme of the trumpet visions, although mention is incidentally made of the preservation and reward of the just.
This is the time foretold in Revelation 10:7. Just as in the case of the seals, the period of the seventh seal is recorded but not described, so here, in the case of the seventh trumpet, its advent is recorded, and its nature is indicated in verse 18, but no further description is given of the woe; only a slight reference to the bliss of those who are secure in heaven.
Thus St. John does not attempt a complete picture of either the blessings of heaven or the woes of hell.