Norwegian Air Shuttle ASA (NWARF)
|Net Income (ttm)||n/a|
|Trading Day||January 22|
|Day's Range||7.69 - 8.09|
|52-Week Range||0.06 - 450.85|
One of Europe's biggest airlines, Norwegian Air, plans to abandon long-haul flights between the US and Europe and focus on building a scaled-down European network, as it struggles to stay aflo...
Shares of Norwegian Air Shuttle traded 82% higher in Oslo on Thursday. On Tuesday, the airline secured bankruptcy protection in Norway, after already getting such protection in Ireland.
Low-cost airline to continue reduced flight schedule and shares will still be traded in Oslo
Norwegian Air is seeking protection from its creditors as it attempts to restructure its business and survive the coronavirus pandemic.
Norwegian Air Shuttle is facing bankruptcy as the government refused a second bailout. Bailout is a risky and inefficient use of taxpayer money.
Norwegian Air wanted to bring a low-cost business model to transatlantic flights. It's quickly running out of runway.
Pandemic-hit Norwegian Air could run out of cash in the first quarter of 2021 unless it secures fresh funding, the budget carrier said while reporting third-quarter results on Tuesday.
Norwegian Air warns of "uncertain future" after state says a rescue wouldn't be a "sound use" of taxpayer funds.
Having grown rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival again a...
The Norwegian government will not provide additional financial support for Norwegian Air , which has been hit hard by the coronavirus pandemic, the Industry Ministry and the Ministry of Transp...
Aircraft lessors AerCap Holdings and Air Lease Corporation have been pummeled due to fears around the airline industry.
EU Expands Regulatory Relief for Airlines Through Winter
The European Union plans to prolong coronavirus-induced regulatory relief for airlines by suspending their obligation to use airport slots for five more months. EU Transport Commissioner Adina...
Norwegian Air , which is attempting to secure a second round of financial restructuring, saw a 91% decline in August passenger volume from a year earlier as most of its fleet remained grounded...
Norwegian Air Shuttle ASA (NWARF) CEO Jacob Schram on Q2 2020 Results - Earnings Call Transcript
In a report on Friday, Norwegian Air (OTCMKTS: NWARF) revealed its loss to have widened to £460 million in the fiscal first half (H1). The airline said it now seeks to secure funding to cushio...
Norwegian Air has been rejected for a state credit guarantee under a Swedish government support programme for airlines, the country's debt office said on Tuesday.
The Swedish National Debt Office said on Tuesday it had rejected an application by Norwegian Air's Swedish branch for a state credit guarantee under a guarantee programme for airlines.
Norwegian Air Sweden AB has application for credit guarantee denied
Norwegian Air Shuttle canceled orders for 97 Boeing jets, the largest cancellation by a single Boeing customer since the grounding of the 737 Max 15 months ago.
Norwegian Air Shuttle ASA says it is canceling 92 orders for the 737 Max and five 787 orders.
Norwegian Air Shuttle ASA (OTC: NWARF) is canceling orders of 97 Boeing Co (NYSE: BA) aircraft and filing a claim for compensation for the non-operational 737 MAX and 787 planes.
Norwegian Air has cancelled orders for 97 Boeing aircraft and will claim compensation from the U.S. plane-maker for the groundings of the 737 Max and 787 engine troubles that hit its bottom li...
Norwegian Air has cancelled orders for 97 Boeing aircraft, including 92 of the 737 MAX and five 787 Dreamliners, the Oslo-based budget carrier said in a statement on Monday.
I've Changed My Mind About Norwegian Air - The Future Is Brighter
Lessors including AerCap and BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit guarantee...
Lessors including China's BOC Aviation are now the biggest shareholders in Norwegian Air after the budget carrier completed a debt restructuring and secured a long-sought credit guarantee fro...
Shares of Norwegian Air NAS, -44.76% tumbled 47% on Wednesday, as the struggling airline said it will get a 2.7 billion Norwegian krone (US$271 million) rescue package from the government afte...
The scale of the crisis facing the aviation industry became clear as Norwegian Air announced their passenger count for April 2020. It was down 98.7% on the same month in 2019.
Norwegian Air's deeply discounted 400 million crowns ($39 million) share issue, part of the company's financial rescue plan, has now been oversubscribed by investors, the budget carrier said ...
Norwegian Air's passenger volume fell by 98.7% in April from a year ago as most of its fleet was grounded amid travel restrictions caused by the novel coronavirus pandemic, the budget carrier...
Norwegian Air shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more c...
After growing rapidly to become Europe's third-largest low-cost airline and one of the few to apply the budget model to transatlantic flights, Norwegian Air is fighting for its survival after...
Norwegian Air's bondholders have turned down a proposed debt-to-equity swap, casting doubt on a plan that is vital to help the indebted airline survive the COVID-19 pandemic, although talks w...
The fate of Norwegian Air hangs in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.
European Airlines Urgently Need Government Cash Injections: IATA
More than half of the airlines will run out of cash by June, says International Air Transport Association Director-General Alexandre de Juniac, as he explains the level of help needed by Europ...
Norwegian Air could run out of cash by mid-May unless its proposed financial rescue plan is approved by creditors and shareholders, the budget carrier warned on Monday.
Norway's parliament voted through a new company restructuring law on Friday that could help save Norwegian Air and many other companies from potential bankruptcy as a result of the restrictio...
Norwegian Air , the budget carrier that changed the way people travel across the Atlantic, is fighting for survival as the coronavirus pandemic deepens the company's financial straits, forcing...
Once a threat to traditional airlines, with its alternative long-haul, low-cost model, the shrinking of Norwegian is nearly complete.
Norwegian Air on Monday reported that four Swedish and Danish subsidiaries had filed for bankruptcy and said it had ended staffing contracts in Europe and the United States, putting some 4,70...
Four Swedish and Danish subsidiaries of Norwegian Air have filed for bankruptcy due to the ongoing coronavirus crisis which has grounded most of the company's fleet, the budget carrier said o...
Norwegian could win passengers with cheaper tickets and still come out ahead of competitors since its fuel bill will be lower.
Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who ...
Airline Industry to See $314 Billion in Lost 2020 Ticket Sales: IATA
We are approaching our worst scenario,” says International Air Transport Association Director-General Alexandre de Juniac, as the airline industry may lose 25% more in ticket sales than previo...
Norwegian Air shares plummeted again on Tuesday, and are now trading down around 97% from their 2015 peak, with the airline's survival depending on creditors accepting a rescue plan proposed ...
The shares of Norwegian Air plunged by more than 60% on Tuesday as they resumed trade after the airline proposed a financial rescue package on April 8 that would significantly dilute existing...
The share price of Norwegian Air fell by 60% on Tuesday, the first day of trading following the company's proposal of a financial rescue package on April 8.
Norwegian Air Shuttle ASA, together with its subsidiaries, provides scheduled and charter airline services in Norway and internationally. As of December 31, 2019, the company operated a total of 156 aircraft, whereas 65 owned and 101 leased aircrafts in approximately 500 routes to 150 destinations across Europe into North Africa, the Middle East, North America, South America, and South-East Asia. It is also involved in aircraft financing, leasing, and ownership activities; and commercial cargo activities, as well as handles crew services, airli... [Read more...]
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