Wow Air is offering $49 one-way flights from the US to Europe

• Wow Air is offering one-way flights from the US to Europe for as little as $49.
• The discounted fare will be available on select flights from Boston; Detroit; Washington, DC; and New York to Reykjavik, Iceland; Dublin; Brussels; Frankfurt, Germany; and London. 
• Only 1,000 seats will be available at the $49 price point. 
• The sale ends at midnight on January 18 or until the discount tickets sell out. 

Wow Air launched a weeklong fare sale on Monday with one-way flights from the US to Europe for as little as $49.

The Icelandic ultra-low-cost airline will offer the discount on select flights from Boston; Detroit; Washington, DC; and New York to Reykjavik, Iceland; Dublin; Brussels; Frankfurt, Germany; and London.

"We are excited to offer our lowest price ever to travelers dreaming of a Eurotrip this year," Skúli Mogensen, founder and CEO of Wow Air, said in a statement. "At Wow Air, we are committed to making travel more affordable and accessible to all as traveling is a culturally enriching, enjoyable and enlivening experience."

However, only 1,000 seats will be made available at the $49 price point, and they are available only if booked as part of a round-trip reservation. The sale ends at midnight on Friday, January 18, or until the discount tickets sell out. 

Read more: These 20 airlines are the least likely to have delayed flights.

The sale fare is for flights between January 21 and March 11, 2019. 

The 7-year-old airline, known for its brightly painted purple plane and rock bottom tickets, has been struggling to find solid financial footing.  

In November, Wow Air failed to complete a merger with Icelandair in a deal that valued the carrier at $18 million to $25 million. 

Last month, the airline announced layoffs for 111 employees. It has also returned all of its leased wide-body Airbus A330 jets, which were used on flights to the West Coast of the United States. The airline also sold four Airbus A321 jets to Air Canada. 

The airline is discussing investment opportunities with the private-equity firm Indigo Partners, which owns the low-cost carriers Frontier Airlines and JetSmart. 

SEE ALSO: Houston Airport has shut down the TSA checkpoints in one of its terminals because there aren't enough TSA officers willing to work unpaid during the government shutdown

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