If this was a tech stock no one would bat an eyelid, but of course it’s not!
I’m only surprised that loss isn’t greater, put simply you can’t add aircraft and crews at the rate Norwegian have this past year especially long haul and the forward investment required and make money, last year the likes of Titan made more money from Norwegian than clearly Norwegian made for themselves, this apparently won’t happen this year, but with 11 Dreamliner being added and all those new routes net profits will be slim to say the least.
I think that provided they can trade through the summer then good profitability will return but this industry is very sensitive to geopolitical events that are almost impossible to predict.
This is a very different situation to Monarch