BNAMealer wrote:Agreed but not getting rid of Bjørn Kjos earlier is the root cause. They were doing fine until he went crazy and bought both Airbus 320s and 737 maxes.PavlovsDog wrote:With Japan closing all of the their schools, Trump putting his head in the sand hoping for the best, and the virus popping up all over the place the demise of Norwegian will be the tip of the iceberg.
It's really not a question of if now but when. It'll be a shame.
Norwegian has a lot of great people and their new CEO Jacob Schram and new COO Marty St. George are fantastic leaders. Norway and the Scandinavian markets in general need a second strong competitor to SAS so a scaled down version of Norwegian will undoubtedly emerge from the ashes, unencumbered by Bjørn Kjos's insane growth plans.
Norwegian certainly won't be the only airline which won't survive this crisis. I imagine especially Boeing is going to have some major challenges as well with lawsuits and compensation.
Getting into the long haul business was a mistake. They should’ve focused on short and medium haul.
I'd like to Norwegian 2.0 with a fleet centered around the 321 neo LRs and 320s (already on order) which would be ideal for making money in its core markets including thinner long-haul. If St. George sticks around I can see them going upmarket and having a mint like product as well. Maybe JV with AirBaltic (who also went crazy and ordered too many planes) who can serve smaller markets with their lower cost base and Norwegian with the 32xs on the thicker routes.