Iceland's budget carrier WOW Air said it had ceased operations and cancelled all flights on Thursday, stranding thousands of passengers.

A budget airline helped open up Iceland to the masses and add to the nation's economic growth. The airline's collapse has had an equally profound impact on Iceland's economy.

Icelandair said on Thursday it had scrapped its all-share deal to buy WOW air that had aimed to create a stronger international competitor.

NPR's Audie Cornish speaks with Ethan Singer, an airline industry analyst at Compass Lexecon, about the demise of WOW Air.

The collapse of budget airline WOW Air last month will dent Iceland's economic growth this year and cause some losses in the banking system, the country's central bank said in a Financial ...

Wow Air just abruptly shut down. Here’s what stranded passengers should do The Iceland-based budget carrier announced that all flights are cancelled and the business is closing down.

Wow Air, the roughly three-year-old discount air carrier, is going where few other ultra-low-cost airlines have gone: across the Atlantic. And if all goes according to plan, it's going to ...

WOW is one of the newest airlines in St. Louis, offering low-cost flights to Iceland and Europe. Based in Iceland, WOW started flying out of Lambert airport in May.

Analysis of three new European routes being opened by Icelandair, China Southern Airlines and Brussels Airlines.