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Stock impact report

Norwegian Air’s Paradox: Strong COVID-19 Recovery, If It Avoids Bankruptcy [Forbes]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: Forbes
For once Norwegian Air Shuttle stands out for a good reason.As Europe recovers from COVID-19, most airlines will confront a new problem: fuel hedging losses. They are locked into contracts expecting fuel to cost $65/barrel. Instead it is $28 but they will have to pay their higher hedged amount, creating hedging losses upwards of $1 billion.Norwegian Air? It’s the least hedged of European airlines by a wide margin, according to Bloomberg Intelligence.Norwegian could win passengers with cheaper tickets and still come out ahead of competitors since its fuel bill will be lower. Fuel is often around one-third of costs for airlines, making it the largest variable expense.But first Norwegian needs to survive, a matter more serious and less guaranteed than at its over-hedged peers.Norwegian’s latestrekonstruktionis asking creditors to convert debt to equity. The mere concept stokes worries. Norwegian’s shares dropped 63% after announcing the plan. But it’s more intricate for Norwegian.Most Po Show less Read more
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