Originally Posted by
NEDude
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.