Norwegian Air

Bridging the gap to the ‘New Norwegian’

  • Sectors : Airlines & Other Transport
  • Companies : Norwegian Air

Ratings and price correct at time of issue.

  • Norwegian Air

    Closing Price: 376nok

  • RATING 01/09/15

  • PREVIOUS RATING 22/01/15

    UNDERPERFORM

DAVY VIEW

The core objectives of the ‘New Norwegian’ – a drastically smaller network, right-sized cost base and focus on ancillaries – make sense to us but will be merely academic should the company not be able to bridge the gap to its realisation. The task ahead – minimising cash-burn and resuming only the routes with positive contribution – will require strong execution, although the capital restructuring has eased shorter-term solvency concerns.

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Jun 2 2020, 07:00 IST/BST

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