Smirf420
I think 3bn sounds a lot and they’ve only said that internally the external figure is 2bn which also sounds a lot, but this is a NOK figure, which equates to roughly £200m give or take...
That is not actually that much and if you stop the growth and the upfront costs of new pilots cabin crew bases and routes and concentrate on frequency then its a different set of costs, the base closures will result in fewer pilots and cabin crew, but not redundancy and its attendant costs, lots of people are already working their notice and Norwegian will need to open up recruitment probably in early April for short haul and a good few on short haul will transfer to long haul.
If they can avoid a re run of double day off payments, wet leases and hedge loss ( the recent price increase of oil will work in their favour as the book loss on hedge position will be less than expected and they took that hit December) winter so far has not been that disruptive either in Europe or the US and they now have sufficient 789’s to cover the program even allowing for the couple that are parked at any one time awaiting RR to sort out the upgrade.
It looks like BALPA have settled for 2019/20 in LGW 0% increase in 2019 but significant life style improvements with extra days off and 5/4 roster for most and the higher of RPI or 5% for 2020, but they have to get that far.
Lets hope winter does not have sting in its tail ......