I'm not a finance person whatsoever but the operating results look good, load factor looks good, debt seems to be the main issue.

Numbers are in NOK.

http://www.norwegian.com/globalasset...016-report.pdf

Punctuality is surprisingly poor, however. You'd also have one heck of an integration project and a question as to whether you would want to keep the brand, expand VY or even BA's LGW branding, or indeed whether DL-AY competition might weaken AY's place in OW. But given BA's recent choice of long haul routes there's lots of room for consolidation even if their previous strategy seems more designed to reduce competition in the longer term.