|Bid||97.34 x 6100|
|Ask||97.54 x 128200|
|Day's Range||97.34 - 103.45|
|52 Week Range||97.34 - 320.00|
|Beta (3Y Monthly)||2.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||224.45|
with Rolls-Royce engines, in a sign of how the issue is affecting the world’s airlines. BA is among several airlines, including Virgin Atlantic, ANA and Norwegian Air Shuttle, which have been affected by issues on the Trent 1000 engines that power the 787 Dreamliner.
Hong Kong Airlines has also contacted Dubai-based Emirates about opportunities to temporarily transfer some cockpit crew, according to the document. Pilots at the unit of beleaguered HNA Group are Airbus SE-rated, meaning they could be trained to fly the Mideast company’s A380 superjumbos. “The current situation with several airlines in financial difficulty globally leaves Emirates in a good position to be sourcing and selecting good-quality pilots,” the memo says.
The shares fell the most on record after Norwegian said Tuesday it’s raising 3 billion kroner ($353 million) in a rights issue underwritten by investors including shipping magnate John Fredriksen to avoid breaching financial covenants. “I’ve known John Fredriksen for a long time, and we even have a CFO who has worked for Fredriksen,” Chief Executive Officer Bjorn Kjos told reporters in Oslo.
Norwegian Air Shuttle on Tuesday became the latest budget carrier to cut its earnings outlook amid tough competition and after British Airways' parent company, IAG, ruled out a bid for the loss-making company. Norwegian's CEO, Bjoern Kjos, said the airline "has been through a period with significant growth" that left it with hefty losses and high debts. According to preliminary figures, Norwegian Air is expected to report next month that its revenues last year were 40.3 billion kroner ($4.7 billion), leading to an operating loss of approximately 3.8 billion ($ 446 million) kroner.
It’s having to give up some of its swashbuckling ways and Kjos may have less influence in future. A rights issue is better than going bust, in which case shareholders would probably get nothing. Back then, the stock was buoyed by hopes that British Airways owner IAG SA might acquire its upstart Norwegian rival.
For Norwegian Air Shuttle AS, though, the start of 2019 has turned even chillier than usual. The budget transatlantic carrier’s shares slumped as much as 26 percent on Thursday after British Airways’ owner IAG SA said it wouldn’t make a takeover offer for the smaller airline and would sell its small Norwegian stake. While it’s true that business leaders are sometimes too distracted by their company’s share price, Norwegian’s chief executive and biggest shareholder Bjorn Kjos should think very carefully about what his airline’s meager $750 million market capitalization implies.
Bjorn Kjos, the Scandinavian carrier’s chief executive officer, previously rejected two offers from London-based IAG as undervaluing the business. The BA owner responded by saying it wouldn’t engage in a bidding war, though CEO Willie Walsh hinted that he was still interested at an investor day in November, fueling speculation about a sweetened approach. IAG’s decision to walk away will spur concerns about Norwegian’s ability to weather a cash crunch after the Fornebu-based company announced last week that it would close some bases and routes as overcapacity squeezes fares across the industry.
British police on Sunday released without charge two people arrested in an inquiry into the illegal use of drones at London's Gatwick Airport that crippled operations for three days last week. "Both people have fully co-operated with our inquiries, and I am satisfied that they are no longer suspects in the drone incidents at Gatwick," Detective Chief Superintendent Jason Tingley said on Sunday. A damaged drone had been recovered a close to the perimeter of the airport, he said, and it was being forensically examined, for example for clues about whether it was controlled remotely from afar or by somebody in the vicinity.
Police have arrested a man and a woman after rogue drone operators crippled London's Gatwick Airport for three days by repeatedly flying onto the airfield, sparking a major security response. Unmanned aerial vehicles have become a growing menace at airports across the world.
Police have arrested two people after rogue drone operators crippled London's Gatwick Airport for three days by repeatedly flying onto the airfield, playing cat-and-mouse with the army. Britain's second-largest airport was forced to close its runway in the run up to Christmas after drones started appearing on the site south of London in the most disruptive incursion from unmanned aerial vehicles at any major airport. Police said they had made two arrests late on Friday as part of its ongoing investigation into the criminal use of drones.
London's Gatwick Airport reopened on Friday after a mystery saboteur wrought 36 hours of travel chaos for more than 100,000 Christmas travellers by using drones to play cat-and-mouse with police snipers and the army. Sussex police made two arrests late on Friday in connection with the disruption and urged the public and passengers around the airport to remain vigilant. After the biggest disruption at Gatwick since an Icelandic volcanic ash cloud in 2010, the airport had said around 700 planes would take off on Friday, although there would still be delays and cancellations.
London's Gatwick Airport reopened on Friday after a mystery saboteur wrought 36 hours of travel chaos for more than 100,000 Christmas travellers by using drones to play cat-and-mouse with police snipers and the army. After the biggest disruption at Gatwick, Britain's second busiest airport, since a volcanic ash cloud in 2010, Gatwick said around 700 planes were due to take off on Friday, although there would still be delays and cancellations. The airport briefly closed again on Friday to investigate a new drone sighting but was soon operating as normal.
Flights at Britain's second-biggest airport Gatwick have resumed after a brief suspension following unconfirmed reports of another drone sighting on Friday evening, an airport spokeswoman said. "Flights ...
London's Gatwick Airport said on Friday it had suspended the runway again after reports of a drone. No further details were immediately available.
London's Gatwick Airport reopened on Friday after a mystery saboteur wrought 36 hours of travel chaos for more than 100,000 Christmas travellers by using drones to play cat-and-mouse with police snipers and the army. After the biggest disruption at Gatwick, Britain's second busiest airport, since a volcanic ash cloud in 2010, Gatwick said around 700 planes were due to take off on Friday, although there would still be delays and cancellations. Britain deployed unidentified military technology to guard the airport against what Transport Secretary Chris Grayling said were thought to be several drones.
A mystery drone operator's success in shutting down Britain's second busiest airport for more than 36 hours has exposed the vulnerability of others across the world to saboteurs armed with such cheap and easily available devices. The incursion at London Gatwick, a brazen game of cat and mouse that those responsible played with Europe's top military power, underlined how many airports lack the means to catch drone pilots quickly, let alone destroy the unmanned aerial vehicles themselves. Advances in technology mean drones can be controlled from far away using cameras on board, or even programmed to navigate their own way to targets, and back again.
Military technologies have been deployed by the British army to safeguard Gatwick as it reopens for flights after 36 hours of drone disruption, transport minister Chris Grayling said on Friday, even as ...
Police and the army have put in place "mitigating measures" to allow Gatwick Airport to reopen and prevent drones from interfering with operations, its chief operating officer said on Friday. Chris Woodroofe said police had not found those responsible yet and refused to say whether the new measures included a plan to shoot any drones out of the sky. "We have been working overnight with the police, with a number of government agencies and with the military to put in place additional mitigating measures which have enabled me to reopen our airport," Woodroofe told BBC radio.
Britain's Gatwick airport said on Friday its runway was currently available and a limited number of aircraft were scheduled for departure and arrival.
Another drone has been seen near Gatwick in the past hour and there is still no time set for the airport to reopen, its chief operating officer said on Thursday. "It is clearly our intention to get ...
Passengers flying in and out of London Gatwick will face at least another 24 hours of disruption after several drone sightings forced Britain's second busiest airport to shut its runway, causing delays to thousands of Christmas travellers. Authorities at Gatwick halted flights at 2200 GMT on Wednesday after two drones were spotted flying near its airfield. Over 20 police units were searching for the drone operators on Thursday, when the airport had expected to handle around 115,000 passengers.