Articles tagged “norwegian air”

Can Norwegian Air Survive?

Can Norwegian Air Survive?

Brian Sumers, Skift

We suspect Norwegian Air, which is in weaker financial shape than most passengers might expect, will survive 2019. But the first quarter will be an important harbinger of things to come. It's always a rough period for European airlines because leisure demand is slow.

2 weeks ago

Gatwick Airport’s Budget Travel Potential Is Key to New Investors

Gatwick Airport’s Budget Travel Potential Is Key to New Investors

Stefan Nicola and Ellen Milligan, Bloomberg

Sure, budget flights are doing pretty well, but building a multi-billion dollar business on a foundation of cheapskates who will fly anywhere as long as its under £20 doesn't seem so wise.

3 weeks ago

Norwegian Air Says It Has Enough Cash to Get by in Slower Winter Months

Norwegian Air Says It Has Enough Cash to Get by in Slower Winter Months

Andrew Noël , Bloomberg

Struggling Norwegian Air continues to assure investors while mapping out its future. One thing is nearly certain, 2019 will bring changes to the once, high-flying industry disrupter.

4 weeks ago

Virgin Atlantic Looked at Launching a Low-Cost Airline

Virgin Atlantic Looked at Launching a Low-Cost Airline

Christopher Jasper, Bloomberg

Yet another airline trying figure out how to compete with low-cost airlines, Virgin Atlantic opted not to launch its own — figuring the damage to its brand would be too high a price to pay. Noble move, yes, but let's see if its alternative of splitting its economy class into three price categories works.

1 month ago

Rebuffed British Airways Parent Still Interested in Buying Norwegian Air

Rebuffed British Airways Parent Still Interested in Buying Norwegian Air

Bloomberg, Benjamin Katz

A lot of airline company CEOs are boring. Not International Airlines Group chief Willie Walsh. He tells it like it is, as does Alex Cruz, who leads British Airways, a member of the group.

3 months ago

Norwegian Air Takes Steps to Ease Its Strained Finances

Norwegian Air Takes Steps to Ease Its Strained Finances

Christopher Jasper, Bloomberg

Suddenly all the low-cost carrier stars of yesterday, like Interjet and Jetstar, seem to be under strain. Norwegian Air will sell five jets. It expects the transaction to bolster its liquidity by $62 million. It will use proceeds to repay debt.

3 months ago

Air Canada Struggles With How to Fill Planes in Winter

Air Canada Struggles With How to Fill Planes in Winter

Brian Sumers, Skift

Air Canada has built a successful business flying customers between North America and Europe during the summer. But much of that business dries up the rest of the year. Now, Air Canada wants to find a way to produce more revenue in winter. Can it succeed?

3 months ago

Skift Podcast: The Next Big Challenges for Low-Cost Airlines

Skift Podcast: The Next Big Challenges for Low-Cost Airlines

Hannah Sampson, Skift

Missed our last Skift Call? This podcast has you covered. Tune in to hear from our aviation experts about why low-cost airlines and long-haul travel are not the perfect mix for profitability.

3 months ago

Norwegian Air Is Reportedly on the Hunt for Its Next CEO

Norwegian Air Is Reportedly on the Hunt for Its Next CEO

Anna Molin, Bloomberg

Sixteen years after launching Norwegian Air, 72-year-old Bjorn Kjos sounds like he's getting ready to hand over the reins. Even if it he sticks around for a few more years, now is the time to start looking for his successor.

4 months ago

Onetime Disruptor Wow Air Is Ready for a Reinvention

Onetime Disruptor Wow Air Is Ready for a Reinvention

Brian Sumers, Skift

Wow Air is being squeezed from all sides. It will need to reinvent its business if it wants to survive. The good news is that the company's founder and CEO, Skúli Mogensen, is willing to take some risks.

4 months ago

Norwegian Cuts the Only Budget London-Singapore Flight

Norwegian Cuts the Only Budget London-Singapore Flight

Angus Whitley, Bloomberg

Plenty of short budget flights remain popular among travelers, but the economics of low-cost long-haul are still tricky, and rising fuel prices don't help.

4 months ago

New Jets With Less Legroom Help Fight Climate Change

New Jets With Less Legroom Help Fight Climate Change

Justin Bachman, Bloomberg

New airplanes with cramped seating provide the greatest fuel efficiency. That reduces the carbon they spew and how much they disrupt the climate. Norwegian Air’s fleet is the most fuel-efficient across the Atlantic, says a new survey.

4 months ago