Linmar's assessment is proven accurate by a report in E24 news:
Originally Posted by
linmar
All in all, the financial situation for Norwegian is difficult and what is most worrying is the fact that unit revenue has been falling all year whilst unit cost has increased. Should the owners however be willing to invest further and add capital to the company, the situation could be resolved short term. However, the question is if the largest owner, Bjorn Kjos himself, is willing to invest further in Norwegian.
"Director Bjorn Kjos and Chairman Bjorn Kjos today bought a large number of shares in Norwegian" (803,000) - Link:
http://e24.no/naeringsliv/norwegian-...kjoep/24140896
Another report in July also supports Linmar’s assessment:
"The business model for Norwegian does not work financially says analyst at Norne Securities, Karl-Johan Molnes" – Link:
http://e24.no/naeringsliv/norwegian-...ategi/24099364
Definitely reasons for concern.