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Old 04-06-2019, 12:13 PM
  #27  
Andy
Gets Weekends Off
 
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,159
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Originally Posted by NEDude View Post
Mixed bag of news for Norwegian today. Yield per passenger is lower than expected, but load factor is higher.

Also of note is this from a company called Pareto Securities (never heard of them or have any idea what their track record is):

"While the yield lagged expectations, the higher load factor helped compensate the shortfall, said brokerage Pareto Securities, which has a buy recommendation on Norwegian’s stock. The carrier’s first-quarter adjusted earnings before interest, tax, depreciation and amortisation will likely swing to a profit of about 600 million Norwegian crowns ($69.93 million) from a year-ago loss of 880 million, Pareto added."
Pareto Securities is a Norwegian investment bank. Their forecast is possible if they include one time credits for fuel hedges and the sale of a couple of 737s. I very much doubt that Norwegian was profitable if one excludes non-recurring items.

Pareto Asset Management is one of the top ten holders of Norwegian Air stock.
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