Norwegian hits back after Ryanair claims it will ‘go bust’ this winter
Norwegian has hit back at Ryanair CE Michael O’Leary after he claimed it will “go bust” this winter. A spokesman for Norwegian accused O’Leary of being a “broken record” and insisted his comments have “no root in reality”. Norwegian has shaken up the long-haul market by offering flights at knockdown prices. But it has struggled to contain costs amid its rapid expansion, and had around GBP2b of net debt at the end of last year. O’Leary claimed he is “shocked it’s still flying as it loses heroic sums of money” and predicted it will “go bust this winter”. He went on: “It deserves to go bust because frankly graveyards are full of airlines who had low fares and high costs. Asked if Ryanair had any interest in making a move on the airline, O’Leary replied that he “wouldn’t touch Norwegian with a barge pole”. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-09-14/unaligned/norwegian-hits-back-after-ryanair-claims-it-will-2018go-bust2019-this-winter
https://portal.staralliance.com/cms/logo.png
Norwegian hits back after Ryanair claims it will ‘go bust’ this winter
Norwegian has hit back at Ryanair CE Michael O’Leary after he claimed it will “go bust” this winter. A spokesman for Norwegian accused O’Leary of being a “broken record” and insisted his comments have “no root in reality”. Norwegian has shaken up the long-haul market by offering flights at knockdown prices. But it has struggled to contain costs amid its rapid expansion, and had around GBP2b of net debt at the end of last year. O’Leary claimed he is “shocked it’s still flying as it loses heroic sums of money” and predicted it will “go bust this winter”. He went on: “It deserves to go bust because frankly graveyards are full of airlines who had low fares and high costs. Asked if Ryanair had any interest in making a move on the airline, O’Leary replied that he “wouldn’t touch Norwegian with a barge pole”. <br/>
