|Bid||2.0160 x N/A|
|Ask||2.0180 x N/A|
|Day's range||2.0000 - 2.1110|
|52-week range||1.5000 - 48.1700|
|Beta (5Y monthly)||1.36|
|PE ratio (TTM)||N/A|
|Earnings date||28 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||224.45|
Norwegian Air's <NWC.OL> June passenger volume was down 96.7% from a year earlier as most of its fleet remained grounded by the coronavirus pandemic, it said on Monday. The budget airline, which is slowly restarting services this month, cut most of its network in March.
One day after Boeing (NYSE: BA) saw its troubled 737 Max back in the air for its first recertification test flight with the Federal Aviation Administration, the company may be getting more bad news about the aircraft. A regional European carrier, Norwegian Air Shuttle ASA (OTC: NWAR.F), is canceling a total of 97 orders with the plane maker, according to The Wall Street Journal. The cancellations include 92 of the 737 Max, and five 787 jets.
Norwegian Air <NWC.OL> has cancelled orders for 97 Boeing <BA.N> aircraft and will claim compensation from the U.S. plane maker for the grounding of the 737 MAX and for 787 engine troubles that hit its bottom line, the Oslo-based carrier said on Monday. The airline cancelled 92 of the 737 MAX jets, five 787 Dreamliners and so-called GoldCare service agreements related to both aircraft, just as Boeing on Monday began a crucial set of flight tests of the 737 MAX in an effort to gain regulatory approval for it to return to the skies. "Norwegian has in addition filed a legal claim seeking the return of pre-delivery payments related to the aircraft and compensation for the company's losses related to the grounding of the 737 MAX and engine issues on the 787," the airline said.