Norwegian Air's 1st Half 2020 Financial Results

And investors have little faith. Share price down 97% from year ago level.
Ha det.

It is like the Friday the 13th film series this airline that will never die

Thank you Dave. Really appreciate the update and summary. I love Norwegian, and i really hope they survive.

joe -- Much of that is that shares got diluted by (1) Norwegian's debt-for-equity swap earlier this year and (2) a new equity offering at around 10 cents per share shortly after that.

jazz -- I like to call Norwegian the airline with 18 lives.

Susan -- People who have flown Norwegian, in general, seem to like it. I flew an intra-Norway route on Norwegian and liked the product.

One interesting note from the video conference is that even if the airline convinces the customer to accept a credit for a future flight, MasterCard still with not give the airline the money for the ticket until an actual flight is flown using the credit.

I hope Norwegian survives. They offer a decent product at a reasonable price.

The planes Norwegian uses for the San Francisco - Paris route are amazing. Best quality plane environment i’ve ever experienced in 51 years of flying this route.

Not enough cash to get through the winter. The airline needs an
additional cash infusion to survive. Never heard that before.

It has been mentioned in the media before, in this article e.g. https://www.reuters.com/article/us-health-coronavirus-norwegianair/norwegian-air-shareholders-back-1-billion-rescue-plan-idUSKBN22G0F5 But this is the first time I see Norwegian mentioning it.

Personally I've flown Norwegian a couple of times within Europe, they have gotten me from A to B but in most cases there are in my opinion better alternatives.

Never heard that before.

A bit of sarcasm.

Seems to be that classic question of pouring more money into a ( bottomless?) pit or cutting losses before it gets worse.

NAS = Northern Alitalia Sinkhole ??

A bit of sarcasm.

I see, totally missed that. Sorry if gave the impression of being a bit rude.

Sorry if gave the impression of being a bit rude.

No such impression at all! (And that's not sarcasm!).

Great!

Thank you for keeping us updated! Norwegian's Swedish subsidiary was denied a credit guarantee recently so it will be interesting to see if they can manage to get the money needed to stay in business.

(Press release from the Swedish national debt office: https://www.riksgalden.se/en/press-and-publications/press-releases-and-news/press-releases/2020/norwegian-air-sweden-ab-has-application-for-credit-guarantee-denied/ )

It's reported in Swedish media that Norwegian are looking at reducing their long haul fleet and get rid of 17 of their 37 787s.