Transatlantic Low Cost Carrier in Trouble

Low cost transatlantic airline Norse has admitted it’s in severe financial difficulties which sent its shares plunging 33 percent as a result.

Bloomberg reported that the Norwegian carrier said it needs to urgently raise $45 million to pay a ‘key supplier’ and that it was facing financial ‘headwinds.’ Despite a profitable last quarter, the airline’s stock slumped after announcing its Q3 results on Thursday in Oslo.

In what seems to be a jinxed route for low cost Transatlantic carriers, Norse too is at risk of joining a list of carriers that have read more ⇒

Source:: AirlineRatings.Com

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