What does Norwegian’s CFO, Geir Karlsen, have to say about the performance, financial position and the outlook for the company?
In this episode, Geir takes a longer view than the quarterly updates, talks about financing of the aircraft order and how the fleet represents significant assets and gives the flexibility needed to realize the company’s global growth strategy. Specifically, he talks about the importance of a continuous fleet renewal to always operate modern and fuel-efficient aircraft. He also shares his reflections on the option to divest up to 140 aircraft, either by leasing or selling to other companies. Lastly, he explains that the growth now will start to abate and what is needed to turn growth into a sustainable profitability.
Link to the video we mention in the episode: www.youtube.com/watch?v=jdNDYBt9e_U&app=desktop
The podcast series is available though iTunes, podcast apps, Norwegian's IR site and Soundcloud.
Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2017, Norwegian carried around 33 million passengers. Norwegian has more than 10,000 employees and a modern, environmentally friendly fleet of more than 150 aircraft with an average age of 3.6 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ four times from 2015-2018.
For more information, visit www.norwegian.com