This sums it up:"Meanwhile, Norwegian Air Shuttle (OL:
NWC), which has only just fended off bankruptcy with a state-backed loan after a series of recapitalizations and debt restructurings, fell 7.4% after its first-quarter results were every bit as bad as feared, including a pretax loss of 3.3 billion kroner ($334 million) and the complete absence of guidance.
Both are still up smartly on the week – SAS stock has gained 14% and Norwegian Air Shuttle stock 45% - but the sharp moves downward underline how the stocks have essentially become a plaything for thrill-seekers rather than a secure long-term investment."
What the airline needs is the "asian type" long term investment and not the short term speculative approach the "new shareholders" are taking.
New management and focus may see it survive, but head in the sand, and clouds approach coupled with press-ganged investors will surely make it fail. Perhaps the China influence will be a good thing..