Simple Flying - Tom Boon
Norwegian Airlines today released its results from the first quarter of 2020. According to the airline’s figures, a loss before tax of NOK -3.28bn ($332 million). The figures were affected by the current crisis for around one of the three months.
Norwegian is currently in a period of hibernation. Only seven of the carrier’s 147 aircraft are now operational, while 80% of the airline’s workforce have been temporarily laid off. The airline is additionally undergoing a substantial restructuring, which has allowed it to secure NOK 3bn ($304 million) in funding from the Norwegian government...more
