Norwegian to fly between UK, Ireland and U.S. NE Coast cities. from Summer 2017.
May 3, 2018, 1:48 am
#332
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May 3, 2018, 2:51 am
#333
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A recent case of a domestic airline in Australia, where there was a maximum of 2 only sale price seats per flight. Many flights had zero seats, but spread over a few months there was a lot, but if you searched for 3, none would show at all.
May 3, 2018, 4:18 am
#334
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In Q1, Norwegian had a -35% margin.
In 2017, Norwegian had an operating loss of 1 960 642 000 NOK.
The company is very close to breaching its bond covenants; the only thing that saved them from doing so in Q1 were the stock private placements.
May 3, 2018, 4:54 am
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It’s not worth arguing about though, is it? It’s very interesting to observe what is going and I have found this thread, until now, one of the most interesting on FT. Certainly, I have some friends who are hell bent on buying Norwegian tickets for well into next year. I’m not sure it’s right to insist that they don’t buy tix with Norwegian, but I insisted that they use a good credit card.
May 3, 2018, 5:56 am
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May 3, 2018, 1:34 pm
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It’s not worth arguing about though, is it? It’s very interesting to observe what is going and I have found this thread, until now, one of the most interesting on FT. Certainly, I have some friends who are hell bent on buying Norwegian tickets for well into next year. I’m not sure it’s right to insist that they don’t buy tix with Norwegian, but I insisted that they use a good credit card.
There are a lot of things that can happen between now and then, but if they plan ahead, it will help if Norwegian goes out of business.
Norwegian has discontinued buying fuel hedges so if fuel prices continue to rise, it puts more pressure on Norwegian's finances. https://www.bloomberg.com/news/artic...as-iag-circles
May 4, 2018, 5:21 am
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Good advice, thanks. Apparently, in the BBC news today, Norwegian has rejected two bids from British Airways. Not sure if this is what we have been talking about, but it made for interesting reading.
Norwegian snubs bid from British Airways owner - BBC News
Norwegian snubs bid from British Airways owner - BBC News
May 4, 2018, 7:16 am
#339
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Good advice, thanks. Apparently, in the BBC news today, Norwegian has rejected two bids from British Airways. Not sure if this is what we have been talking about, but it made for interesting reading.
Norwegian snubs bid from British Airways owner - BBC News
Norwegian snubs bid from British Airways owner - BBC News
May 4, 2018, 7:44 am
#340
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Well, thats not really a given. For example, LH/EW took over most of AB assets and employees, but did not honor any tickets sold by AB. Monarchs assets were nicely divided up between various airlines (Th Cook, Easyjet, Iberia etc) and none of the tickets were honored.
May 4, 2018, 8:12 am
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Well, thats not really a given. For example, LH/EW took over most of AB assets and employees, but did not honor any tickets sold by AB. Monarchs assets were nicely divided up between various airlines (Th Cook, Easyjet, Iberia etc) and none of the tickets were honored.
This is more like IAG's takeover of bmi and Aer Lingus, rather than LH/EW's plundering of the assets of a defunct airline.
I know of no example of an airline being bought out by another and having its existing outstanding ticket stock rejected. There may be changes to the schedule and network, for sure, and some passengers may find themselves disadvantaged in some way - but it is not possible to simply not honour the outstanding tickets of the acquired airline.
Last edited by irishguy28; May 4, 2018 at 8:18 am
May 4, 2018, 12:29 pm
#344
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You realize that the price Norwegian lists includes all taxes, right? For a Novemeber Norwegian ticket at $214.90, $158.50 is taxes according to Norwegian's booking engine. So it's really $56.40 x 300 for Norwegian so they would get $16,900 on a $214.90 one way ticket LGW-JFK.
May 4, 2018, 12:31 pm
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But AB and ZB both stopped flying. There is no question, for now, of DY stopping flying; IAG is pursuing them as a going concern, which is different to LH/EW swooping on AB, or the other airlines carving up Monarch's assets, after both had already failed.
This is more like IAG's takeover of bmi and Aer Lingus, rather than LH/EW's plundering of the assets of a defunct airline.
I know of no example of an airline being bought out by another and having its existing outstanding ticket stock rejected. There may be changes to the schedule and network, for sure, and some passengers may find themselves disadvantaged in some way - but it is not possible to simply not honour the outstanding tickets of the acquired airline.
This is more like IAG's takeover of bmi and Aer Lingus, rather than LH/EW's plundering of the assets of a defunct airline.
I know of no example of an airline being bought out by another and having its existing outstanding ticket stock rejected. There may be changes to the schedule and network, for sure, and some passengers may find themselves disadvantaged in some way - but it is not possible to simply not honour the outstanding tickets of the acquired airline.