ttbentley

SHORT: Headed for bankruptcy....

Short
OSL:NAS   NORWEGIAN AIR SHUT
Norwegian Air senior execs are now desperately pleading for additional funding to make it through the winter. Its not looking good. Sounds very much like the last gasps for air before bankruptcy proceedings start.

Competitor SAS has been bailed out by Denmark and Sweden, but Norwegian Air has already burned through its bailout from Norway.

All the healthier airline stocks have been going up lately: Delta, EasyJet..... but NAS is still headed down and will have to be diluted further in the unlikely event it racks up even more debt.

I have sold off all my holdings to save what's left before the stock plummets to zero end of this year or early 2021.

MarketScreener has this stock a buy at 0.6, down another 40%......

Sad to see Norwegian Air head into bankruptcy yet again......I have enjoyed their quality budget flights.


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