The Failure of Norwegian Air Explained

[@janhansen554]

Company is up and rising. Makes money and will have more planes in the future.

[@noobsobadbad4303]

I love this airline and I'm still flying with it it's the main one that I fly to Norway

[@somethingsomething404]

Maybe it’s just my adhd but with the video going so fast im struggling to pay attention to both what you’re saying and what’s going on in the video. Personally, less clips at a slower speed would be my preference but I’m just one person. Still loved the video none the less!

[@caesar7734]

Change Playback Speed to 0.75x

[@tonydivito3489]

The International Airlines Group (BA, Iberia, AerLingus, Level) dumped seats and frequencies on top of Norwegian. Especially in the San Francisco Bay Area. There was no way to compete. It gave us a window on what the 787 was capable of doing on long thin routes.

[@_w_w_]

Yes... It was shocking that a RT flight to Europe cost less than to fly up to Seattle or other west coast cities.

[@youniqueirish]

They are not gone, they got help from the Norwegian government

[@_w_w_]

I might be in the minority here, but I won't shed any tears that Norwegian failed. Yes, it brought upon lower fares to some markets but it caused service to deteriorate across the entire industry. In an effort to compete, other airlines dropped fare and dropped service at the same time. While bearable for short routes, it was very difficult for long routes. Of my business travels, I noticed a correlation to drop of service at other airlines to an unacceptable level in an effort to win a price war, even impacting those customers that are not very price sensitive.

[@stabiz8555]

This is kind of silly, most airlines would've failed if they didn't get financial help. Even Lufthansa had to be saved by the German government.

[@nocensorship8092]

yes but a company like Norwegian was already making a loss beforehand so its no loss if they fully dissappear and get replaced by a competently run business

[@MrMudbill]

@@nocensorship8092 It would be a loss for the consumers. Despite their financial troubles, Norwegian is (was?) a great airliner both in terms of price and quality.

[@youniqueirish]

Norwegian are back & growing👍👍

[@LaVidaEnUnaGota]

Buy the dip, huge gains after covid

[@youniqueirish]

Big time!

[@LaVidaEnUnaGota]

@@youniqueirish I been doing DCA on this stock, I hope to see a huge recovery, the job is almost Done :)

[@youniqueirish]

@@LaVidaEnUnaGota what's DCA? I got stock in Norwegian over a year ago, been watching them ever since!

[@johnm8224]

Although their financial musical chairs was always risky, and may have scuppered them eventually, you do have to feel sorry for Norwegian that three massive problems in a row that were completely out of their control / no fault of their own came along. 787 groundings > 737Max groundings > COVID.

[@youniqueirish]

They are back!

[@dishdog215]

Flew the dreamliner in 2017... Boston to Oslo for $100... Then in Oslo, a can of Pepsi was also $100... Great plane, the best

[@PratonicSky]

They won't be using the Max, decision was taken by the management and Boeing contract allowed to be cancelled by the judge overseeing the bankruptcy protection process in Ireland court. They've also sued Boeing in the US and outcome is still pending. Not sure if for one billion usd. Last I read was that US judge was more sided towards the airline's arguments. I for one do hope they survive. Maybe their maths was wrong, but it was a customer friendly and service oriented company. You got what you paid for and were free to buy extras or not. No shoving in your face constantly so you do. Free WiFi too. It was a freedom of choice airline.

[@brianhenderson7150]

I'm going to miss NA, awesome premium service for the price. Couldn't be beat for what you got.

[@casparandechs4758]

They aren't going bust

[@kevinab3874]

@@casparandechs4758 They might, we will know 32 th may

[@nofruit9366]

What do u mean? Norway shot them with cash, Din idiot as we say in Norwegain.

[@andreashoppe1969]

I'll be taking Norwaygian tomorrow for the first time. Hopefully everything goes well.

[@youniqueirish]

Norwegian are far from over!

[@PeterBuvik]

This is what happens when you fund your company only on debt.

[@youniqueirish]

Norwegian are back & growing again 👍👍

[@Aidan_Au]

You'd think that the Norwegian government would save Norwegian Air

[@youniqueirish]

They did! Norwegian are far from over!

[@soravulpis96]

Long haul, low cost doesn’t work. Plain and simple. Transcontinental routes live, grow and die by premium business travel. It will be years before transcontinental routes that weren’t the fattest cash cows will return, if ever. The possibility of permanently reduced business travel will mean less routes, less frequencies, and higher ticket prices for the rest of us.

[@soravulpis96]

@Boeing 737 MAX 8 Cebu Pacific capitalizes on a unique situation of the Philippine diaspora. Lots of price sensitive guest workers traveling to/from the Middle East, Japan and Australia.

[@marklektor]

Buying some shares? yes or no?

[@solalstenou6474]

Just bought 45 shares.

[@youniqueirish]

Oh yes! Big time. They are in recovery & will make a great comeback!

[@christopherisraelson856]

I flew two roundtrips, NY to Berlin with connection in Oslo and direct from NY to Stockholm in 2016 and 2017. Each trip cost less than 500usd...Yes round trip No other airline could come remotely close to their prices

[@JAMESFERNANDEZ]

The Major issue began with Boieng and their Rolls & Royce engines!!! The airline had to call some leasing companies to operate the flights and some Dreamliner's were returned to Seattle to be fixed!! Expansion plan was totally compromised! Meanwhile, March 2019, MAX issue, forces 18 aircraft to be grounded immediately till now affecting the entire network, routes and fleet. Besides all that, the huge pressure from the competition!! BA (IAG) hated Norwegian, the airline that took more pax in 2019 between London and New York than no other, SAS hated Norwegian, having to deal with a direct competitor in long haul routes from Scandinavia that never happened before, USA airlines hated Norwegian, being the first official long haul low cost carrier on a Transatlantic routes changing the game rules they were used to and IB hated Norwegian with basically the same reasons, afraid of losing their monopoly business for low cost market. Covid-19 was definitely the Game Over unfortunately for the company! However, I still real hope they will not sell all the 787 fleet and in the future they could be able to return again to the skies with some routes!

[@johniii8147]

Problems started long before then. They never made money long haul. Bad business model.

[@JAMESFERNANDEZ]

@@johniii8147 They didn’t have the chance to make money on long haul because of Boeing! Period!

[@johniii8147]

@@JAMESFERNANDEZ They never made money on long home long before the issue and it Rolls-Royce not Boeing that caused the issue

[@JAMESFERNANDEZ]

@@johniii8147 It doesn't matter who was! The issue was there and the planes had to return multiple times to be fixed and also delay's on delivery!

[@fighter5583]

@@JAMESFERNANDEZ It DOES matter James. Engine specific problems are always going to need to be looked at by the ENGINE manufacturer; especially when components are wearing faster than expected for all planes with a specific engine. Norwegian could've avoided that issue of they picked GE engines, which didn't have any problems. But because they're used to working with RR engines, it was cheaper to avoid retraining maintenance personnel for a different manufacturer. It's important to understand the difference between airframe and powerplant issues. And you apparently think Boeing is in charge of whatever RR does with their engines, showing you have little understanding of the process.

[@skylineXpert]

untamed growth. It killed Primera It killed primera. But if they focused on airbus and bought the LR then it could have worked

[@youniqueirish]

They are back!

[@TChowdhury00]

Biman Bangladesh bought two 787-9 from boeing which was made for them. Is that true?

[@fighter5583]

3:37 Right corner you can see an ANA 737 about to be flown to its owner.

[@Wellnesswithpuja]

am sorry but that's rediclus

[@johanjames4663]

Depend too much on Boeing planes and expand too quickly

[@keeshenarul4554]

Your accent sounds like the Belters from The Expanse :-)

[@MoReZ84]

wonder what will happen to their Dreamliners that they own? (if they have any)

[@armchaircritic5605]

All leased

[@MoReZ84]

@@armchaircritic5605 that's gonna batter the resale value of 787s

[@youniqueirish]

Norwegian are back & growing👍

[@yamaha_Leon]

its good now

[@youniqueirish]

Norwegian are back & growing again 👍👍

[@tpalomaki]

The biggest problem was that red-nose was selling tickets for the flights which was not operated yet and could get the company go around. Anyway personally I'm not going to miss this carrier. Flewn few times, 28 actually, and every single of them has been delayed or and some cancelled.

[@sebastianpuka555]

I still have 3,000 dollars worth of their points

[@youniqueirish]

Norwegian are back & growing again 👍👍

[@ord4r857]

no moe flights from Chicago into London-Gatwick

[@youniqueirish]

Long haul are no more for a while, but Norwegian is now in recovery!

[@interest9293]

Am shorting the hell out of this on the 17th

[@mattwicks7766]

why 17th

[@1ramises]

I used to work for them that's very sad :(

[@yamaha_Leon]

they are not dead

[@espenlia7657]

@J R 46 active 737-800 today. No MAX and no Dreamliners left.

[@youniqueirish]

They are still going!

[@manaiqbalbaba1690]

Imagine I am hearted

[@johnpoindexter6594]

COVID-19 & PASSENGERS STOPPED FLYING? MAYBE?

[@wahaabhaider7299]

that was the braking point, Norwegian has been struggling for years due to 7373 max grounding and the trent 1000 engine problems on 787

[@youniqueirish]

They are back & slowly expanding

[@stoehrcov]

Navgeek never posts an uneducated KZbin. I suggest that you consider becoming a member.

[@siyaaviation3659]

You were a bit late to the party but alright

[@MarcvanExel]

I hope they go bust, there is no justification for their existence.

[@ACPilot]

Sorry, they won’t..

[@casparandechs4758]

They aren't going bust

[@ACPilot]

They just raised 6 billion NOK in 30 minutes.

[@casparandechs4758]

@@ACPilot but you know what that means? Insane dilution.

[@ACPilot]

@@casparandechs4758 - Yes, but i am not a stockholder, i just want my 737 pilot job back, so survival is what matters to me.