Since the outbreak of the coronavirus began to spread to Europe in march, plummeted to the Norwegian carrier Norwegians ridership by 40 percent - and it has pulled the whole of the company's financial statements for the first quarter down.
Over the three months lost Norwegian 2,24 billion Danish crowns before tax.
the Number of passengers in the first quarter it stood at just over five million, while in the same quarter the year before lay on the 8,12 million. Thus lost the company more than every third passenger.
the Company put in the accounts does not hide that coronaudbruddet has resulted in violent upheavals of the Norwegian.
- Covid-19-the eruption followed by the authorities ' restrictions on travel and a decrease in demand has led to most of the company's aircraft are kept on the ground as well as temporary layoffs of a significant portion of the company's employees, while the company goes into hibernation, writes Norwegian.
As the first quarter expires with march, is the effect of the april and may not with in the financial statements for the first quarter.
this is Why a part of the company's comments to the financial statements are also directed at the time, coming after the first quarter instead of on the results and consequences of the three months that are accounted for.
- currently, the company is adapting to the situation and are in a process of restructuring, which includes a new strategy and an updated business plan, write Norwegian.
20. may be Connected to inform that it has adopted a bailout plan, which meant that the Norwegian met Norwegian state requirements to get financial help.
The Norwegian state guaranteed, among other things, the loan of two billion dollars to Norwegian, which has secured favorable loan terms for the Norwegian.
One of the requirements from the Norwegian state was that Norwegian had more money in the coffer.
The money was raised by selling new shares - which would first have to be approved for the shareholders, who were already in Norwegian and thus had to accept a decline in their proportion of shares.