We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Airline Stocks Sink as WOW Air Expands into the Midwest
Read MoreHide Full Article
WOW Air, an Iceland-based low-cost airline, announced on Wednesday that it will expand into four Midwest cities, causing major airline stocks to tumble.
The Icelandic company known for its cheap tickets to Europe is adding service to St. Louis, Cleveland, Cincinnati, and Detroit. This will bring the company to a total of 12 U.S. destinations.
One-way tickets to Iceland will start at $99.99 from all four cities. Connecting flights to WOW’s other European locations will begin at $149.99.
When asked if there was enough demand in the Midwest for the new non-stop flights to Iceland, WOW Air founder and CEO Skuli Mogensen said yes. “With those kind of prices, we have seen in other markets that we enter that we have stimulated the market significantly.”
“Our unique opportunity is to use Iceland as a hub. We can then distribute to our main destinations in Europe, be it London, Paris, Amsterdam, Frankfurt, Berlin, Copenhagen, etc.,” Mogensen said. “That’s really the key. Instead of having a single point-to-point flight, we actually give you a very affordable flight to multiple destinations.”
In reaction to this news, major airline stocks fell. Delta Air Lines (DAL - Free Report) stock closed 2.06% lower at $46.18. American Airlines Group (AAL - Free Report) stock tumbled 3.17% to $43.97. Meanwhile, shares of United Continental (UAL - Free Report) tumbled 2.89% to $62.83, and Southwest Airlines (LUV - Free Report) stock went down 3.22% to $51.72.
WOW’s new routes will launch in the spring, with tickets going on sale Wednesday.
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
Image: Bigstock
Airline Stocks Sink as WOW Air Expands into the Midwest
WOW Air, an Iceland-based low-cost airline, announced on Wednesday that it will expand into four Midwest cities, causing major airline stocks to tumble.
The Icelandic company known for its cheap tickets to Europe is adding service to St. Louis, Cleveland, Cincinnati, and Detroit. This will bring the company to a total of 12 U.S. destinations.
One-way tickets to Iceland will start at $99.99 from all four cities. Connecting flights to WOW’s other European locations will begin at $149.99.
When asked if there was enough demand in the Midwest for the new non-stop flights to Iceland, WOW Air founder and CEO Skuli Mogensen said yes. “With those kind of prices, we have seen in other markets that we enter that we have stimulated the market significantly.”
“Our unique opportunity is to use Iceland as a hub. We can then distribute to our main destinations in Europe, be it London, Paris, Amsterdam, Frankfurt, Berlin, Copenhagen, etc.,” Mogensen said. “That’s really the key. Instead of having a single point-to-point flight, we actually give you a very affordable flight to multiple destinations.”
In reaction to this news, major airline stocks fell. Delta Air Lines (DAL - Free Report) stock closed 2.06% lower at $46.18. American Airlines Group (AAL - Free Report) stock tumbled 3.17% to $43.97. Meanwhile, shares of United Continental (UAL - Free Report) tumbled 2.89% to $62.83, and Southwest Airlines (LUV - Free Report) stock went down 3.22% to $51.72.
WOW’s new routes will launch in the spring, with tickets going on sale Wednesday.
4 Surprising Tech Stocks to Keep an Eye on
Tech stocks have been a major force behind the market’s record highs, but picking the best ones to buy can be tough. There’s a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now – before the next wave of innovations really take off.
See Stocks Now>>