WOW Collapses. NAI next?
03-31-2019 | 07:25 PM
#21
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Joined: Feb 2006
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From: B-737NG preferably in first class with a glass of champagne and caviar
Jet has been in financial straights for the past 8 years... and then some. Ethihad was a temporary respite from the inevitable.
04-01-2019 | 01:30 AM
#22
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Joined: Mar 2007
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Since 1978, every single U.S. airline is guilty of fare dumping at one point or another, EVERY SINGLE ONE. Yes, including yours. If your airline is not fare dumping today, they certainly did it yesterday and will do it again tomorrow. And no, the goal is not to "destabilize the market", it is to gain publicity by raising brand awareness, gain some market share, or to stimulate a specific market. At the end of the day WOW Air was a tiny airline and very minor player in the trans-Atlantic market. Their ability to manipulate and affect the market was extremely minute.
04-01-2019 | 05:28 AM
#23
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Joined: Jan 2011
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I happily rescind any criticism of WOW. You guys are all right and we should be lamenting the demise of such a noble and distinguished brand.
“Ultra-budget carrier Wow Air...known for for its $99 airfares” - LA Times(Dec 2018)
Yep, Every US legacy airline was known for their industry stabilization strategy of $99 transatlantic fares.
Anyway, it does suck for the employees, but I have little sympathy for the people paying $99 expecting SFO-AMS with a quick stop in KEF.
Caveat Emptor.
Sent from my iPhone using Tapatalk
“Ultra-budget carrier Wow Air...known for for its $99 airfares” - LA Times(Dec 2018)
Yep, Every US legacy airline was known for their industry stabilization strategy of $99 transatlantic fares.
Anyway, it does suck for the employees, but I have little sympathy for the people paying $99 expecting SFO-AMS with a quick stop in KEF.
Caveat Emptor.
Sent from my iPhone using Tapatalk
04-01-2019 | 06:51 AM
#24
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Joined: Sep 2013
Posts: 6,549
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From: Sitting SC at the Five Towns
There's nothing wrong with "fare dumping" and selling below cost -- as long as there's no government subsidy.
The market will take care of aberrations in the long term -- exhibit A: WOW.
The market will take care of aberrations in the long term -- exhibit A: WOW.
04-03-2019 | 02:26 AM
#25
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Joined: Mar 2006
Posts: 5,213
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From: guppy CA
Asiana's also got its share of financial issues.
French Bee probably isn't going to be alive much longer.
I'm sure if one looked around, they'd find more than a few others among the walking dead.
04-04-2019 | 06:35 AM
#26
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Joined: Mar 2007
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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."
https://www.reuters.com/article/norw...-idUSL8N21M0WL
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."
https://www.reuters.com/article/norw...-idUSL8N21M0WL
Last edited by NEDude; 04-04-2019 at 06:50 AM.
04-06-2019 | 12:13 PM
#27
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Joined: Mar 2006
Posts: 5,213
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From: guppy CA
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."
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 Asset Management is one of the top ten holders of Norwegian Air stock.
04-10-2019 | 11:39 AM
#28
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Joined: Mar 2006
Posts: 5,213
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From: guppy CA
04-12-2019 | 07:03 PM
#30
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Joined: May 2014
Posts: 516
Likes: 3
From: 787 right
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