Norwegian Air stability through summer?
Apr 10, 2019, 12:27 pm
#121
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That huge order book by Norwegian is biting them in the hind quarters. They just postponed Airbus deliveries. https://www.reuters.com/article/us-n...-idUSKCN1RM28J
That's another sign of huge financial distress and I'm going to speculate that Norwegian is having a very hard time selling their used aircraft for the price they want. (Norwegian previously stated that most of their fleet is actively 'for sale').
That's another sign of huge financial distress and I'm going to speculate that Norwegian is having a very hard time selling their used aircraft for the price they want. (Norwegian previously stated that most of their fleet is actively 'for sale').
Apr 10, 2019, 8:19 pm
#122
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That huge order book by Norwegian is biting them in the hind quarters. They just postponed Airbus deliveries. https://www.reuters.com/article/us-n...-idUSKCN1RM28J
That's another sign of huge financial distress and I'm going to speculate that Norwegian is having a very hard time selling their used aircraft for the price they want. (Norwegian previously stated that most of their fleet is actively 'for sale').
That's another sign of huge financial distress and I'm going to speculate that Norwegian is having a very hard time selling their used aircraft for the price they want. (Norwegian previously stated that most of their fleet is actively 'for sale').
Apr 12, 2019, 8:11 am
#125
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Your observation merely confirms my assertion that they have mispriced their product and are selling it at below cost. Like you, everyone else on those flights paid less than the full cost to Norwegian of operating that flight. You and everyone else on those flights were subsidized by Norwegian investor money. That investor money is rapidly drying up. Norwegian management has chosen to not take the one step they must in order for the company to survive - raise fares to a level where the company is at least breakeven.
Apr 12, 2019, 8:58 am
#126
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I find all the complaining and bad-mouthing about Norwegian amusing, especially given how little criticism and bad-mouthing has come from some quarters when it comes to a 9W which is way closer to liquidation than DY. Could it be because some parties have a financial interest in seeing the decimation of competition that hits the US3 airline industry cartel kingpins?
Apr 12, 2019, 9:16 am
#127
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Just about anyone can fill an airplane if they're willing to set ticket prices low enough. For example, $1 would usually work pretty well.
Apr 12, 2019, 9:46 am
#128
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Apr 12, 2019, 7:57 pm
#129
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Apr 12, 2019, 7:57 pm
#130
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I find all the complaining and bad-mouthing about Norwegian amusing, especially given how little criticism and bad-mouthing has come from some quarters when it comes to a 9W which is way closer to liquidation than DY. Could it be because some parties have a financial interest in seeing the decimation of competition that hits the US3 airline industry cartel kingpins?
https://www.flyertalk.com/forum/indi...ingfisher.html
Apr 12, 2019, 10:30 pm
#131
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Apr 13, 2019, 10:45 am
#132
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The fans and beneficiaries of one or more of the US3 airline industry cartel kingpins haven’t felt their or their favorite US firm(s)’s pocketbooks threatened by the likes of South Asian carriers in the way they’ve felt by high value TATL-flying GCC3 carriers and TATL-flying low cost European carriers, and it shows in the whining and bashing and graveyard dancing that goes on in forums like FT and elsewhere.
Last edited by GUWonder; Apr 13, 2019 at 10:53 am
Apr 13, 2019, 6:25 pm
#133
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I find all the complaining and bad-mouthing about Norwegian amusing, especially given how little criticism and bad-mouthing has come from some quarters when it comes to a 9W which is way closer to liquidation than DY. Could it be because some parties have a financial interest in seeing the decimation of competition that hits the US3 airline industry cartel kingpins?
The US airlines and their fans are far more concerned by the Mideast airlines. That's WAY more problematic for them. Norwegian has to pay their bills. The Middle Eastern airlines don't. As long as the sheikhs write blank checks (for billions every year), the Middle Eastern airlines can continue to lose money forever. It is impossible for a for-profit company to compete against a company that can afford to lose billions every year. Which is why there are basically no US airlines flying to the Middle East (except Israel, where those airlines don't fly). It also dramatically curtails US airline service to the Indian subcontinent, where the Middle East is a good hub location. Eventually even sheikhs can't lose billions, so reform does occur (and has already started to occur). But that situation is far more troublesome for USA airlines that a bad business plan by an eccentric Norwegian.
Apr 14, 2019, 12:25 am
#134
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Like moths to a flame, the moths attack both but tend to aim for the bigger lights mores but still go after both.
Apr 14, 2019, 9:59 am
#135
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GUWonder, you appear to have Jet Airways covered all by yourself
Why aren't you posting about Hong Kong Airlines, which is also on the brink of financial failure? Is t because you (insert silly logic here)?
Why aren't you posting about Hong Kong Airlines, which is also on the brink of financial failure? Is t because you (insert silly logic here)?