Originally Posted by
cheekychappy
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.
I don't know of any airline that doesn't make money during the high season. But a pre tax profit of $1.6 million in the 3rd quarter will be wiped out in a few days during the low season. Hence they need a cash injection to continue operation over the coming winter.