What does Norwegian’s CFO, Geir Karlsen, have to say about the performance, financial position and the outlook for the company?
In this episode, Geir takes a longer view than the quarterly updates, talks about financing of the aircraft order and how the fleet represents significant assets and gives the flexibility needed to realize the company’s global growth strategy. Specifically, he talks about the importance of a continuous fleet renewal to always operate modern and fuel-efficient aircraft. He also shares his reflections on the option to divest up to 140 aircraft, either by leasing or selling to other companies. Lastly, he explains that the growth now will start to abate and what is needed to turn growth into a sustainable profitability.
Link to the video we mention in the episode: https://www.youtube.com/watch?v=jdNDYBt9e_U&app=desktop