40.44 0.00 (0.00%)
After hours: 5:06PM EST
|Bid||39.00 x 800|
|Ask||40.55 x 1400|
|Day's range||38.50 - 40.86|
|52-week range||10.42 - 64.86|
|Beta (5Y monthly)||2.15|
|PE ratio (TTM)||N/A|
|Earnings date||11 Feb 2021 - 15 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||47.00|
Cash flow is improving and management is bullish about the future, but AerCap stock remains risky because of the aircraft leasing specialist's high exposure to wide-body jets.
Norwegian Air <NORR.OL> has asked an Irish court to oversee a restructuring of its massive debt as it seeks to stave off collapse amid the coronavirus pandemic, the budget airline said on Wednesday. "The main purpose here is to come out of this process quite shortly with a company that is 'investable', where we can be attractive again for investors," Chief Financial Officer Geir Karlsen told Reuters. The company has opted for an Irish process since its aircraft assets are held in Ireland.
Leasing firm AerCap Holdings has cut its ownership stake in crisis-hit carrier Norwegian Air to 9%, it said on Wednesday, as the company's staff demonstrated in front of parliament against the government's decision to deny more aid. AerCap in June took a seat on Norwegian's board, but its representative resigned last week. Despite the earlier rescue package, which included a government loan guarantee, pandemic-hit Norwegian Air could still run out of cash in the first quarter of 2021 unless it secures funding, the carrier has said.