Originally Posted by
NEDude
I expect Norwegian to be sold before it dies. There are at least two offers on the table.
I also would not put a whole lot of stock in financial predictions. The analysts got their Q2 estimates very wrong. For several years the experts predicted Virgin America would go under too, but then much to everyone’s surprise they started turning a profit and survived long enough to be bought by Alaska. Norwegian may not exist in name by this time next year, but they most likely will be around in some fashion, perhaps as a part of Level.
Who is making an offer for Norwegian? AFAIK, all (lowball) offers have been withdrawn. Please name any offers.
If you're counting IAG as one of the companies, they withdrew from buyout discussions several months ago.
https://www.ft.com/content/2b6101c4-...b-b8205561c3fe
Q2 was 'profitable' for Norwegian due to one time accounting credits for fuel and currency hedges. Absent those hedges, Norwegian would have had a loss.
Virgin only survived due to multiple restructurings. Those same restructurings cost Virgin employees almost all of the IPO stock that they were promised.