High fly deep to fall. On his best days, Norwegian hovered on a pink cloud, but in the year just gone downwards.
judging from the company’s new annual report comes the slump to continue.
Norwegian writes that if coronakrisen continues to put limitations on air traffic and thus ’forcing the company to maintain its current sleep mode in a period after the end of 2020, so there will be a need for a new economic lifesaver in 2021.
on Thursday dropped the company’s share value with 23,41 percent. Thus was lavprisselskabet of today’s big loser on the Norwegian Oslo stock Exchange.
In all, the Norwegians share has fallen by more than 90 percent since the turn of the year.
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Norwegian had 73.401 passengers in may. This is a decrease of 98 percent compared with the same month the year before.
the Company has announced that it intends to keep the seven domestic flights on the wings in Norway. The vast majority of the company’s aircraft will, however, standing on the ground.
Even though the Norwegian has received several billion in aid package from the Norwegian government, and the company’s creditors have agreed to, that they do not get all their withholding back, so it is far from certain, that it is enough to survive the aftermath of coronakrisen.
Norwegian will probably need a further capital injection, if it is to be saved, assess aktieanalysechef Jacob Pedersen from Sydbank in a comment.
– Although the company believes that there are reasonable prospects to respond to such defaults, there is a significant risk that the company becomes insolvent and goes bankrupt, he says to Check-in.dk.
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