|Bid||0.6172 x N/A|
|Ask||0.6172 x N/A|
|Day's range||0.6100 - 0.6990|
|52-week range||0.5850 - 47.0800|
|Beta (5Y monthly)||1.31|
|PE ratio (TTM)||N/A|
|Earnings date||10 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||224.45|
Norwegian Air is considering laying off staff at its base at Gatwick Airport, a spokesman said on Friday, as the struggling budget airline steps up its cost-cutting drive to survive the industry's worst crisis. The move could affect 259 cabin crew and pilots, just under a quarter of the 1,142 staff at Britain's second-busiest airport, the spokesman said as the airline started a 45-day consultation period with staff and unions. "These unprecedented circumstances that we now find ourselves in require us to review the London Gatwick crew base in line with current business needs and the associated costs going forward," the company said in a statement.
In August, Sweden rejected a state credit guarantee for the budget airline.
Norway's government has extended loan guarantees for the country's airlines, including Norwegian Air <NORR.OL>, by two months until the end of 2020, the Industry Ministry said on Sunday. The government has changed the terms of the state guarantee scheme, the industry ministry said in a statement, without disclosing specifics. "The changes we now propose are designed for the scheme to help more airlines than those who have already used it," Industry Minister Iselin Nyboe said in the statement.