FlyerTalk Forums - View Single Post - Norwegian Air stability through summer?
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Old Apr 27, 2019 | 5:02 pm
  #178  
iflyjetz
 
Join Date: Jul 2001
Programs: Marriott LT Tit; Hyatt Explorist; Hilton CC Gold; IHG CC Plt; Hertz (MR) 5 star
Posts: 5,536
Originally Posted by GUWonder
Since it seems that you don’t seem to have seen enough bond trade data yourself (when it comes to the two airlines) to compare much of anything using bond data,...
LOL! I provided more than enough data. I spoon fed you all of the needed information and purposely did not provide you the yield just prior to WoW closing its doors, as it is so easy to compute with all of the data provided - coupon yield, duration, and bond price. It was a simple test of your financial IQ - it is now crystal clear that you are in unfamiliar territory when it comes to corporate finance.
Have you even glanced at a single Norwegian Air quarterly filing?

I make no predictions on when Norwegian will be shuttered. John Fredriksen could decide to send more of his money to money heaven in a futile attempt to keep Norwegian afloat. There may be enough suckers out there that will buy another Norwegian bond issuance. On the other hand, Norwegian's bondholders could shut down the company immediately after they violate bond covenants. At this point, based on cash burn and bond payments due in the near future, Norwegian does not appear to have sufficient capital to survive the summer.

Since you have such great confidence in Norwegian Air's finances, I have provided you with a great investment opportunity - buy Norwegian Air bonds.
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