Please sign in to post.
Posted by
6433 posts

To me it looks more like a stay of execution than a pardon.

I know I would not buy a ticket for July or August

Posted by
189 posts

Thanks for posting. Fingers crossed that our group of 9 on the flight from SFO to Barcelona on June 3rd will make it, if travel restrictions are lifted by then. Strange times, new reality.

Posted by
16 posts

Thanks for posting this. We have tickets on Norwegian JFK to Oslo on May 30th and I have been assuming imminent bankruptcy would mean I could kiss that money goodbye. If by some miracle we are able to fly we will. If not then our chances of a refund just got a whole lot better.

Posted by
4036 posts

I don’t think anyone will be flying to Norway before August/September, so a stay of execution until June may not be much use.

Posted by
33 posts

According to the current situation in Europe, it would be much more interesting if that possibility will be available at minimum till August

Posted by
6433 posts

Looks like a hard choice of pouring more money into a black hole and hope it eventually turns around or stop the bleeding and say 'no more'. The former looks like the creation of "Alitalia North"

Posted by
7279 posts

I hope and pray NA can stay in the game.

Posted by
2040 posts

If the airline can somehow find the cashflow to survive to the other side of this and have most of its debt converted to equity, it would potentially be in a really good place. But that's an enormous if.

Posted by
2040 posts

The date for the 2019 annual report has been moved out to June 9.

@Jazz... There definitely will be a surplus of used and slightly-used airplanes available at bargain basement prices at the end of this, enticing veteran airline people and starry-eyed newcomers to join the industry that makes billionaires millionaires (to misquote Richard Branson).

Posted by
690 posts

Three months ago I said they'd be gone by summer; this just drove the nail in. Norway can't afford to make them profitable for the same reason Italy can't save Alitalia; they can't fire the management and they won't trim the staff to where it needs to be.

Using middle class taxpayers to continually bail out failing business (airlines, car companies, real estate, banks, etc) just rewards bad management. The world would be a lot better off if these zombies had been allowed to die 10 years ago. Prolonging the loss just costs more.

Posted by
5010 posts

But Dave, when the stock hits that target price...you can buy in and get it at a price when the upside potential is infinite!