Edition:
United States

Tommy Lund

Norwegian Air punished as investors' worries over virus deepen

Feb 27 2020

OSLO Shares in Norwegian Air plunged a quarter in value on Thursday, leading airline stocks lower as investors bet the debt-laden budget carrier would be the most vulnerable to a coronavirus pandemic.

UPDATE 4-Norwegian Air punished as investors' worries over virus deepen

Feb 27 2020

* Other airline stocks also down sharply (Adds graphic, no change to text)

Sweden's air travel drops in year when 'flight shaming' took off

Jan 10 2020

The number of passengers that flew through Swedish airports dropped 4% in 2019, Swedish state-owned airport operator Swedavia said on Friday, with the drop led by a decline in domestic traffic.

Passengers stranded after Iceland's WOW air collapses

Mar 28 2019

Iceland's WOW air became the latest budget airline casualty on Thursday, halting operations and cancelling all future flights after efforts to raise more funds failed. | Video

WOW air bondholders approve bonds to equity conversion

Mar 26 2019

March 26 Bondholders in WOW air have formally approved to convert their bonds into equity and formal discussions with investors have started, the Icelandic low-cost airline said on Tuesday.

Icelandair buys WOW to strengthen international presence

Nov 05 2018

Icelandair has agreed to buy rival Icelandic airline WOW air from its founder for about $18 million in an all-share deal aimed at creating a stronger international competitor.

UPDATE 2-Icelandair buys WOW to strengthen international presence

Nov 05 2018

* Icelandair shares jump about 50 percent on deal (Updates with share price and analyst comments)

The Wow factor in Iceland's role as global transit hub

Jan 15 2018

Icelandic transatlantic budget carrier Wow Air will fly Asian routes later this year, in an expansion that will further boost Iceland's credentials as a global transit hub thanks to its "superior location", the company's founder and CEO said.

World News

U.S. urges diplomacy as Nagorno-Karabakh fighting rages

U.S. Secretary of State Mike Pompeo urged Armenia and Azerbaijan to pursue a diplomatic solution to the Nagorno-Karabakh conflict as fighting in and around the mountain enclave entered a second month on Tuesday, defying a ceasefire brokered in Washington.