Originally Posted by
Harry Grout
Put "45 Million" and "Norse Atlantic" into your chosen search engine.
yes but it also goes on to explain that 3rd quarterly results were in profit, share prices of some of the most robust airlines (if there is such a thing) fluctuated massively over the years.
Norwegian as a whole had B787 lithium battery problems, B737 max grounding followed by a pandemic, how do you survive all 3.
They cut the arm of the long haul yet retained the leases, then leased back the same aircraft at 50% of cost.
NAS is backed by the Norwegian govt, as well Norse is not Norwegian yet run by exactly the same people, so backed by the same people, the same people who won’t want another failure for the same business model.
The share price was a reaction and despite being a “new” company (which they aren’t) still has years of background experience on what not to do and how to progress forward slowly slowly.