Norwegian Reports Huge First Quarter 2019 Loss (Again)

They should take Boeing to the cleaners

Factual error - "John Fredriksen, who is Norway’s richest man".

John Fredriksen is Norwegian-born, but not Norwegian anymore.

Hope they sue Boeing. If they don't, I don't see them surviving, which will only increase transatlantic fares across the board.

“They’ve been quite unlucky” = “they’ve been quite Boeing”

They should sue Rolls Royce, not Boeing for the 787 fiasco.

That IAG offer doesn’t look too bad now. Should have taken it while it was on the table.

Trying to decide whether to book with them on BOS-MAD in Sept. I know that if the airline fails, I'll get my ticket value back...but that doesn't help me get a replacement seat on another airline. Would you guys feel comfortable booking cross-Atlantic flights on Norwegian in September?

Yeah, you should be fine. Norweigan is a large enough airline. Just curious, what's the cost difference between Norwegian and the other flights?

Donna, it’s nothing to do with the Rolls Royce engines it’s the software that Boeing installed!!!

The problems with the Rolls engines is due to corrosion apparently, and has nothing to do directly with Boeing.

"The “Package C” variants of Rolls-Royce Trent 1000s are on some planes used by airlines including Air New Zealand, ANA, British Airways, LATAM, and Virgin Atlantic, as well as Norwegian. There’s been concern about corrosion of turbine blades towards the back of the engines since 2016, and a replacement program is in place."

http://aeronauticsonline.com/engine-problems-for-norwegians-787s/

If I'm flying to Madrid, I'd be on Iberia. Their rates, on average, seem to be about the best. Even if you don't fly their actual planes, their codeshare rates seem to be very competitive. I'm flying to London, then Copenhagen, then Helsinki then back to Boston, thru London. All booked on Iberia. They are upgrading their fleet, too. And if you run points, their Avianca whatever they call it are had very cheaply.

Good, the quicker this garbage airlines goes away the better.

I personally enjoy flying on Norwegian, The crews are very friendly and attentive, I personally feel that I must continue to support them, I use to pay unbelievable fares to cross the pond, Now Im in Business class for a fare much cheaper than, AA, UA and DL, would put me in steerage. Mark my words if they go under The big 3 will crush us with fare increases.

@Sharon The cost difference is that Norwegian Premium (which I hear is between premium economy & business class on the big airlines) is the same price as Iberia's premium economy. Since it's an overnight flight, any extra legroom & increase in recline is welcome!

@James My problem with Iberia is that I can only get PE for the same price as Norwegian...and IB still makes you pay for seat assignments on top of that. I'll look into points though, thanks!

Why would anyone take this trash of an airline? Save yourself the headache/uncertainty and just book with an established carrier. Did we forget what happened to Primera Air & WOW Air?

It’s only a matter of time before Norwegian is forced to pull the plug too...

Norwegian will eventually fail. It’s just a matter of time.

Perhaps more surprising is that LH Group posted an "adjusted" EBIT of minus 336m EUR. Most of that came from Eurowings (-257m EUR), which is not recovering, but going deeper into red ...

Of course, this does not put LH Group in a financially dangerous position, but it might raise some questions about the strategy ...

I thought Norwegian wet-leased its planes, so groundings would hurt them less than an airline that owned its planes?

the scariest part of their accounts is the increase in financing costs ... so even if they continue with their cost reductions and revenue increases - the higher finance costs will eat away at the profits.

have a look at page 8 of the pdf to see how their improved operating performance (768m NOK positive movement) becomes a 1,443m NOK deterioration at the bottom line.