|Bid||11.52 x 6100|
|Ask||11.55 x 128200|
|Day's range||11.51 - 12.40|
|52-week range||9.70 - 158.31|
|Beta (5Y monthly)||1.15|
|PE ratio (TTM)||N/A|
|Earnings date||31 Aug 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||224.45|
OSLO (Reuters) -Norwegian Air has sacked Chief Executive Jacob Schram who led the budget carrier through restructuring and said it was promoting Chief Financial Officer Geir Karlsen to the top job with immediate effect. The board voted on June 20 to end Schram's 18-month tenure but the airline said he would support the carrier on a full-time basis during his notice period up to March 31. "The board's decision to fire me came as a big surprise," Schram told Reuters.
More customers are booking flights with Norwegian Air for the upcoming summer season in Europe, although pandemic restrictions still weigh on demand, the carrier's CEO told Reuters. Norwegian on Wednesday emerged from six months of bankruptcy protection, ready to compete for customers in its native Norway and on traditional holiday routes to destinations in southern Europe. "There is a clear rising trend, it won't be the kind of summer we had in 2019, but it is a rising trend," Chief Executive Jacob Schram told Reuters at the company's headquarters on the outskirts of Oslo.
Norwegian Air emerged from six months of bankruptcy protection on Wednesday with a smaller fleet and its debt almost wiped out but also facing stronger competition and lingering uncertainty wrought by the pandemic. "We have saved an airline that is of huge value to Norway and which binds our long country together," Chief Executive Jacob Schram told a news conference. "We're back!" read a large banner outside the company's headquarters to mark the occasion, while Schram hoisted a flag with Norwegian Air's red, white and blue logo.