Read about Braniff and Air Europe and then compare to what’s going on at Norwegian. The parallels are staggering. They’re over stretching themselves going for market share ahead of actually establishing profitability. There’s a staggering amount of red ink all over their balance sheet. By their own admission in their latest accounts they only have guaranteed capitalisation for the next three quarters! It isn’t just related to growing the business. I will take any bet you like that they won’t be here in five to ten years time.
Last edited by RexBanner; 27th November 2017 at 17:48.