Norwegian to head back to capital markets after $610 million loss 

Troubled LCC, Norwegian Air is looking to secure funding this year to see it through the next 18 months, it said after reporting H1 losses of $610 million. During the first half of 2020, 5.31 million customers travelled with the company, a 71% year-on-year fall,  which led the carrier to ground  140 aircraft and furlough or lay off approximately 8,000 employees. In Q2, Norwegian operated less than ten aircraft on domestic routes in Norway. “For the past months we have been working tirelessly to make sure that we can emerge from this crisis as a stronger company, well-positioned for future competition. Some