PPRuNe Forums - View Single Post - Growing Evidence That The Upturn Is Upon Us
Old 27th October 2008 | 17:58
  #1035 (permalink)  
Re-Heat
 
Joined: Dec 1999
Posts: 1,606
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From: UK
Well, at least one airline is doing well http://www.norwegian.no/graphics/Inv...esentation.pdf
Yes, but it is bleeding cash - look at page 4 - the only reason for a small cash decrease is the huge gain on financing (probably USD/NOK related for purchases) - there is a NOK 312m loss on operations!

They have had a huge capital injection, and furthermore, they don't disclose any margins at all - seems to me as though they are "buying" market share at poor margins.
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