Originally Posted by
racedo
Share price has little to do with day to day running of a business. Claims it could be taken over are wide of the mark as would need lots of shareholders willing to sell and it doesn't appear to be the case,
Share price has collapsed worse than the market but er .......... so what ? Everybody else is down and LH has parked 20% of its fleet with many others likely to follow,
Reports say 20 million Norwegian shares traded a day lately, against normally < 1 million, so plenty of willing sellers.
And the rest would probably fold for a low offer, to save something.
Most expects a lot worse news from when traffic and earining numbers legally have to be presented. Many airlines are holding out for the sign of a recovery before they say anything negative. So far sample Norwegian have only said how ok February was and how much they have already sold for March. None have come with real figures beyond that or dare to predict anything about the full year anymore.
And didn't LH announce yesterday increase of capacity reduction from 25% to 50%, including parking all their A380's.