Current management in Norwegian has gone into hiding
Or is it hibernation for the year. They refused to hold a press conference when the first quarter results came out and issued just a written statement.
There where no new plans for this year at a time when other airlines left, right and center come up with their back to business plans from June/July. Instead just what had happened from January to March, so pretty much pre CoVid19.
A company like Norwegian should squander no time or opportunity getting a momentum going by presenting a basic timeline for coming back from the nearly dead. It can always be adjusted as more countries opens up, or closes down again, but get something up there you can sell and get those prepayments in. Something that will make the lease holder share owners happy that there is lights not only at the end of the tunnel but also in it. And a chance for some early payback also for the power by the hour deal. Not to mention that any positive news on more planes in the air can only lead to a real upswing in the share price, instead of a fake no real basis one.
Everything about the company displays evidence about a top management in no hurry. Including the management changes announced that was only to take place 2 weeks later. Most companies announces these things as a fait accompli with the person(s) already in full work, and sometimes only a time after it has actually happened. Norwegian presented it a week ago and we are still waiting for something to come out of it.
There where no new plans for this year at a time when other airlines left, right and center come up with their back to business plans from June/July. Instead just what had happened from January to March, so pretty much pre CoVid19.
A company like Norwegian should squander no time or opportunity getting a momentum going by presenting a basic timeline for coming back from the nearly dead. It can always be adjusted as more countries opens up, or closes down again, but get something up there you can sell and get those prepayments in. Something that will make the lease holder share owners happy that there is lights not only at the end of the tunnel but also in it. And a chance for some early payback also for the power by the hour deal. Not to mention that any positive news on more planes in the air can only lead to a real upswing in the share price, instead of a fake no real basis one.
Everything about the company displays evidence about a top management in no hurry. Including the management changes announced that was only to take place 2 weeks later. Most companies announces these things as a fait accompli with the person(s) already in full work, and sometimes only a time after it has actually happened. Norwegian presented it a week ago and we are still waiting for something to come out of it.
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