Its been a rough year for airlines. While we’ve seen Primera Air and Cobalt Air go bankrupt, we’ve also seen the likes of Flybe being put up for sale. There is also the poor financial performance of WOW to consider, and let’s not forget Jet Airways. There are a few factors which almost all of the airlines have quoted as reasons for financial difficulties. These include high oil prices and poor exchange rates. Now, the latest airline that looks like it could be facing financial difficulty is Norwegian Air.
Over the past few years, Norwegian Air has boomed. This has largely been due to their rock-bottom prices on long-haul services. Something that departed rival Primera Air had also offered. The airline has recently launched a low-cost subsidiary in Argentina. Additionally, Norwegian is in the midst of a number of new aircraft deliveries. In fact, the carrier has even gone as far as trying to sell some of its new aircraft to raise funds. While this has been going on, the carrier has also suffered from a number of other inconveniences recently.
