Articles tagged “norwegian”

Norwegian CEO Warms Up to Potential Sale

Norwegian CEO Warms Up to Potential Sale

Richard Weiss, Bloomberg

Norwegian's CEO seems to be a lot more relaxed about the possibility of selling the company than he was just a few weeks ago. He may still think the airline can thrive independently but if the price is right we should expect a sale.

10 hours ago

Norwegian Attracts Lufthansa’s Interest as Bidding War Looms

Norwegian Attracts Lufthansa’s Interest as Bidding War Looms

Christopher Jasper and Richard Weiss, Bloomberg

The odds on Norwegian staying an independent company look very slim indeed. The big question then is: where will Norwegian end up? At the moment it's a two-horse race between Lufthansa and IAG.

1 day ago

Higher Fuel Prices Will Put a Profit Squeeze on Airlines

Higher Fuel Prices Will Put a Profit Squeeze on Airlines

Angus Whitley and Richard Weiss, Bloomberg

Weak and unprofitable airlines can muddle along when fuel doesn't cost much, but it's a very different story when the price starts to rise. The International Air Transport Association thinks tougher times lie ahead.

3 weeks ago

Why Ryanair Is Hungry for Acquisitions

Why Ryanair Is Hungry for Acquisitions

Patrick Whyte, Skift

Ryanair is the great white shark of the airline world. It knows which airlines are bleeding cash and it is in the mood to feast.

4 weeks ago

New EasyJet CEO Is Making a Big Push Into Vacations and Loyalty

New EasyJet CEO Is Making a Big Push Into Vacations and Loyalty

Kaye Wiggins, Bloomberg

Given Johan Lundgren's experience working at tour operator TUI, it's no surprise to see him make a move into vacations. Up until fairly recently it was an untapped area for low-cost airlines, but many have now woken up to the financial benefits of packaging up flights and hotels.

1 month ago

Norwegian Rejects Approaches From British Airways Owner

Norwegian Rejects Approaches From British Airways Owner

Patrick Whyte, Skift

Given Norwegian's financial situation, we should expect IAG's approach to have been on the low side. CEO Willie Walsh is a shrewd operator and is probably happy to wait things out rather than overpay.

2 months ago

Norwegian Is Taking a Big Risk Betting on a Fuel Price Drop

Norwegian Is Taking a Big Risk Betting on a Fuel Price Drop

Benjamin Katz and Richard Weiss, Bloomberg

Airlines usually like the certainty that hedging brings. If prices go up, then Norwegian could be in a lot of trouble.

2 months ago

Cuba Is Attracting More Cruise Visits as Traditional Travel Gets Complicated

Cuba Is Attracting More Cruise Visits as Traditional Travel Gets Complicated

Hannah Sampson, Skift

While Americans lost some of the ability to explore Cuba on their own due to restrictions put in place by the Trump administration, cruise ships are offering organized trips approved by the U.S. government. That seems to be working out well for operators, who are eager to increase their presence in the destination.

2 months ago

Norwegian CEO Not Interested in Selling to British Airways Owner

Norwegian CEO Not Interested in Selling to British Airways Owner

Jonas Cho Walsgard and Richard Weiss, Bloomberg

There we have it: Norwegian's CEO doesn't want to do a deal with IAG. That's not necessarily the end of the story, however. These things can change pretty quickly.

2 months ago

British Airways Parent Looking at Buying Norwegian

British Airways Parent Looking at Buying Norwegian

Patrick Whyte, Skift

Wow. Not many people will have seen this coming, including, it seems, Norwegian. Adding another brand to IAG's growing portfolio might make strategic sense but it will come at a significant cost.

2 months ago

Norwegian Delays Start of Canada Services After Plane Delivery Setback

Norwegian Delays Start of Canada Services After Plane Delivery Setback

Richard Weiss, Bloomberg

A four-week delay isn't anything to get too concerned about. The more worrying thing for Norwegian is the strong low-cost transatlantic competition and the fact that it has already had to pull some of its routes between smaller airports in Europe and the United States.

2 months ago

Virgin Atlantic Adds Basic Economy to Fend Off Rivals

Virgin Atlantic Adds Basic Economy to Fend Off Rivals

Christopher Jasper, Bloomberg

So much for Virgin Atlantic's old direct, fun branding. Now it has “economy delight,” "economy classic," and "economy light" tickets. It would have been clearer to call seats Cheap, Cheaper, and For Complete Cheapskates Only.

3 months ago