2024-05-05 19:00:00 ET
Summary
- Norwegian Air Shuttle's Q1 revenues increased by 55% due to capacity expansion and the acquisition of Widerøe.
- Operating costs rose by 41%, driven by crew training and higher expenses, but the company's loss margin improved compared to the previous year.
- Norwegian Air Shuttle's debt continues to rise, but the company's efficient growth and increase in cash and cash equivalents are positive indicators.
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Norwegian Air Shuttle Stock: Significant Upside Remains For Huge Turnaround Story