Originally Posted by
Sober Lark
"April to June adjusted operating profit before leasing and depreciation (EBITDAR) fell to 1.19 billion crowns (€125.8 million), down 21 per cent year-on-year and below analysts’ forecast in a Reuters poll of 1.51 billion crowns. Norwegian Air’s operating result swung to a loss of 863 million crowns from a year-ago profit of 1 billion, while analysts had expected a loss of 246 million."
Not everyone you lose is a loss.
Appears MOLs claim Norwegian are burning through cash is not far off the mark.