Analyst: - Miserable for Norwegian

Norwegians accounts had big red numbers on the bottom line - the entire 1.2 billion Danish kroner sounded the deficit in 2019. And the statements are, to put

Analyst: - Miserable for Norwegian

Norwegians accounts had big red numbers on the bottom line - the entire 1.2 billion Danish kroner sounded the deficit in 2019. And the statements are, to put

Ann McDonald
Ann McDonald
13 February 2020 Thursday 14:00
19 Reads
Analyst: - Miserable for Norwegian

Norwegians accounts had big red numbers on the bottom line - the entire 1.2 billion Danish kroner sounded the deficit in 2019.

And the statements are, to put it mildly bad for the Norwegian airline, assesses aktieanalysechef and luftfartsanalytiker from Sydbank Jacob Pedersen.

- It is a miserable accounting of 2019 for Norwegian. Even if it was within the expected deficit, in relation to the from 2018, he says to Ekstra Bladet.

See also: Norwegian with minus eur 1.2 billion in 2019

the Deficit is due, among other things, issued a ban on the aircraft type, the Boeing 737 Max.

- It does not help, in fact, that they have a lot of planes parked on the ground, says Jacob Pedersen.

- And so are many of their problems are also home-made. Much falling back on their eagerness to grow, he adds.


He says further, that the carrier has responded in a sensible way. In particular, with a view to 2020 can also be a difficult year.

Among other things, they have chosen to cut the number of routes by 15 percent.

- It is the right medicine, but there is not any miracle cure, says Jacob Pedersen.

In 2020, one can also reckon with the fact that both the coronavirus and the low overall growth in Europe will hurt in the efterspørgselsbilledet, he adds.

Norwegian has pulled in more handles to do something about earnings. They have deferred orders on the fly and also got money in the till through private equity funds.

they Also hope the company according to Jacob Pedersen on any compensation from Boeing, as it also may help on the earnings in 2020.

Therefore, taking Norwegian all the means in use, they can, then they themselves are able to turn things around, evaluate he.

Updated: 13.02.2020 14:00
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