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Old 03-31-2019, 07:25 PM   #21  
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Originally Posted by Typhoonpilot View Post
To answer the original question, Jet Airways and Hong Kong Airlines are next. Both in deep financial trouble. Numerous articles in the trade papers talking about their financial woes.
Jet has been in financial straights for the past 8 years... and then some. Ethihad was a temporary respite from the inevitable.
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Old 04-01-2019, 01:30 AM   #22  
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I read somewhere that they were. If not, apologizes to the Icelandic flag carrier formerly known as WOW.

Now, were they not fare dumping across the Atlantic trying to destabilize the transatlantic market?


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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.
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Old 04-01-2019, 05:28 AM   #23  
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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.


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Old 04-01-2019, 06:51 AM   #24  
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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.
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Old 04-03-2019, 02:26 AM   #25  
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To answer the original question, Jet Airways and Hong Kong Airlines are next. Both in deep financial trouble. Numerous articles in the trade papers talking about their financial woes.
I don't think the question was meant to count every airline worldwide, but if that's the case, California Pacific is likely next. They've only suspended operations with an 'intent' to restart service.

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.
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Old 04-04-2019, 06:35 AM   #26  
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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

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Old 04-06-2019, 12:13 PM   #27  
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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."
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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Old 04-10-2019, 11:39 AM   #28  
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Norwegian postpones Airbus deliveries. https://www.reuters.com/article/us-n...-idUSKCN1RM28J
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Old 04-11-2019, 06:49 AM   #29  
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I think Norwegian as an airline would fold. Not just the Irish AOC. Most of you haven’t figured this out yet...
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Old 04-12-2019, 07:03 PM   #30  
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I think Norwegian as an airline would fold. Not just the Irish AOC. Most of you haven’t figured this out yet...
Thanks. You are correct that Norwegian will fold as an an airline. That’s what we are all predicting and hoping for.
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