Norwegian
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Perversely it may help insofar that they have already booked a loss based on hedge positions that were higher than they year end oil price, I think they are fairly well hedged for at least the first part of this year, but overall it won’t be helpful.
Norwegian have wet leased in capacity to cover some of the shortage of aircraft due to the max grounding, they have also delayed some airframe disposals and changed certain flight frequencies, the announcement of various base closures has already resulted in dozens of pilots leaving with many more working their notice, so the headcount is well down already.
With it looking like mid late summer before the MAX is back it will certainly make next winter a huge challenge, all the more so given the need to crew and train for S20 and just where do they think they’ll get the pilots from?
Norwegian have wet leased in capacity to cover some of the shortage of aircraft due to the max grounding, they have also delayed some airframe disposals and changed certain flight frequencies, the announcement of various base closures has already resulted in dozens of pilots leaving with many more working their notice, so the headcount is well down already.
With it looking like mid late summer before the MAX is back it will certainly make next winter a huge challenge, all the more so given the need to crew and train for S20 and just where do they think they’ll get the pilots from?
I REALLY SHOULDN'T BE HERE
There is no short term correlation between growth and success. They are in a bit of a hole with their operation and have yet to deliver anything like a consistent operational profit.
Stock market don’t seem to have much confidence that there is any likelihood of improvement in the near future.
Stock market don’t seem to have much confidence that there is any likelihood of improvement in the near future.
Join Date: Aug 2006
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Things can't be that bad if they're still expanding:
Norwegian expansion
Norwegian expansion
Btw., Shouldn't the moderator close one of the threads and/or merge them?
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Things can't be that bad if they're still expanding:
Expansion can lead to more costs, more debts and trouble waiting just around the corner.
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According to a report in today's Independent the airline lost £16.40 on every passenger it flew in the first three months of 2019. The loss for the three months was £130 million with the chairman blaming the loss on Easter falling in April this year compared to March in 2018 with the outlook 'promising' according to the chairman!
There is no short term correlation between growth and success. They are in a bit of a hole with their operation and have yet to deliver anything like a consistent operational profit.
Stock market don’t seem to have much confidence that there is any likelihood of improvement in the near future.
Stock market don’t seem to have much confidence that there is any likelihood of improvement in the near future.
How much does Lyft make in profit ? How much is it worth ?
Stock markets will buy in to the 'we are a growth company' story for a while, provided revenues and customer numbers really are growing fast.
Eventually investors will be more cynical about this story from management
Eventually investors will be more cynical about this story from management
I REALLY SHOULDN'T BE HERE
What is going to change in Norwegian’s short term to allow them to become profitable?
Do they have any specific reasons to expect strong yield growth? (ie failure of competitors or large increase in demand)
If not, is there a reasonable expectation that they are going to dramatically reduce their cost base? Still no?
I am genuinely interested to find out what I am missing here.
The product is very polished and professional, but the inconvenient truth is that it costs the shareholders a stack of money every time one of their aircraft pushes back from the gate.
Last edited by speedrestriction; 25th Apr 2019 at 16:12.
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Did the CDG Crew go on strike in the end???
(https://uk.reuters.com/article/uk-no...-idUKKCN1RW0JL)
If so, yet another kick in the cojones for Norwegian, surely they realise they're doing more harm than good?
(https://uk.reuters.com/article/uk-no...-idUKKCN1RW0JL)
If so, yet another kick in the cojones for Norwegian, surely they realise they're doing more harm than good?