Articles tagged “low-cost long-haul”

Norwegian Air Secures Initial $26.6 Million From Government Rescue Package

Norwegian Air Secures Initial $26.6 Million From Government Rescue Package

Reuters

There'll need to be much more money where this comes from if Norwegian is to survive the coronavirus crisis.

7 months ago

Will Government Support be Enough to Keep Norwegian Air Going?

Will Government Support be Enough to Keep Norwegian Air Going?

Victoria Klesty, Reuters

It sounds generous, but Norwegian probably needs more help. As one analyst noted, getting creditors onboard in the current circumstances may prove impossible.

7 months ago

Norwegian Air Says It Will Run Out of Cash in Weeks

Norwegian Air Says It Will Run Out of Cash in Weeks

Victoria Klesty and Terje Solsvik, Reuters

The situation is moving from severe to critical for Norwegian. Unless it gets significant government help, it won't survive the crisis.

7 months ago

New Norwegian CEO Doesn’t Yet Have Answers to Low-Cost Long-Haul Profitability Problem

New Norwegian CEO Doesn’t Yet Have Answers to Low-Cost Long-Haul Profitability Problem

Patrick Whyte, Skift

Maybe it was a bit too much to expect some big strategic initiatives from such a new CEO, or maybe the airline is keeping them under wraps for now. But an airline with Norwegian's historic problems cannot tweak its way to viability.

8 months ago

The Top 10 Airline Industry Developments in 2019

The Top 10 Airline Industry Developments in 2019

Jay Shabat, Skift

It was yet another tumultuous year in the airline industry with many storied names (Thomas Cook, for example) going under and the grounding of one of the world’s best-selling jets (the Boeing 737 Max). No one said aviation was an easy business.

10 months ago

Norwegian Taps Former JetBlue Exec in Management Reshuffle

Norwegian Taps Former JetBlue Exec in Management Reshuffle

Patrick Whyte, Skift

Another big news day for Norwegian. Given the focus on profitability, exiting the difficult domestic market in Argentina is not really surprising, but the appointment of Marty St. George is certainly a curveball.

11 months ago

Norwegian Air’s New CEO Sees First Priority As Returning to Profits

Norwegian Air’s New CEO Sees First Priority As Returning to Profits

Patrick Whyte, Skift

Interestingly, new Norwegian Air chief Jacob Schram has plenty of experience dealing with takeovers and mergers from his time in the retail trade. Might Norwegian want to tap this experience as part of future plans?

11 months ago

Norwegian Air Just Might Have Found a Way to Save Itself

Norwegian Air Just Might Have Found a Way to Save Itself

Patrick Whyte, Skift

Well, well, well, who was expecting that? Not only did Norwegian beat stock market expectations on profitability, it announced details for its long-awaited joint venture and teased plans about a bold new direction.

12 months ago

Lufthansa to Add Flights Catering to U.S. Low-Cost, Long-Haul Market

Lufthansa to Add Flights Catering to U.S. Low-Cost, Long-Haul Market

William Wilkes, Bloomberg

Despite a somewhat precarious business model, the appetite for low-cost, long-haul transatlantic flights has not yet slowed, so it's not surprising that Lufthansa is ramping up its offering.

1 year ago

Norwegian Air’s Long-Serving CEO Departs as Airline Pushes for Higher Profits

Norwegian Air’s Long-Serving CEO Departs as Airline Pushes for Higher Profits

Patrick Whyte, Skift

After 17 years, Bjorn Kjos is out as CEO. He is staying on as an advisor and still retains a minority stake, but does his departure make a sale more likely?

1 year ago

Fast-Growing IndiGo Has Emirates in Its Sights

Fast-Growing IndiGo Has Emirates in Its Sights

David Fickling, Bloomberg

Can India's low-cost airline IndiGo strike while Emirates is still trying to recapture its mojo, or will the might of the Gulf carrier win out?

1 year ago

India’s Low-Cost IndiGo Sets Its Long-Haul Sights on Europe

India’s Low-Cost IndiGo Sets Its Long-Haul Sights on Europe

Anurag Kotoky , Bloomberg

Despite the well-documented challenges, airline bosses won't give up on the low-cost, long-haul dream. Will IndiGo be able to pull it off?

1 year ago