Norwegian announces cost-savings programme
Norwegian Air has announced a $230 million cost-savings programme to shore up its balance sheet.
Measures include refinancing of one Boeing 787 Dreamliner to generate more than $30 million in liquidity and will cut some routes and capacity.
In a statement, the airline said: "Combined these measures should improve the financial performance from the start of 2019."
It will provide and update on the cost-savings programme on April 25, when it issues its first quarter results.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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