PPRuNe Forums - View Single Post - Norwegian Air Shuttle may quit Ireland
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Old 4th May 2014, 10:27
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The Flying Cokeman
 
Join Date: Dec 2005
Location: EU
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LNIDA,

You may win award after award- but at the end of the day it is about making money as a company as well- something Norwegian is struggling with more and more!

After a very disappointing last report of massive losses due to lower yields with exponentially rising debts and a plane order worth 25$ billion- something needs to change soon. It is not just about being able to fill up your seats and compete against the whole wide world advertising free internet (although it isn't).

The soon to be released quarterly report by Norwegian is expected to show a loss of 700 million Norwegian kroners which is a staggering 341% worse off than same period a year ago

Primary reason for the losses- lower yields caused by other European low cost companies combined with operational problems within the airline including the 787 operation.

Another good reason to cancel more 787's in the near future!?
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