Norwegian Air Shuttle NAS 25.31% has a complicated path ahead to become a truly viable airline. To be sure, it has yet to be proven that Norwegian’s signature long-haul budget flights can be profitable beyond a few select routes. Initially, it seemed like Norwegian was only trimming some of its short-haul routes, which is a market where it still makes money overall. The deal will bolster Norwegian’s equity, the company said, which was at risk of dilution if there were a new rights issue. Norwegian seems to have charted the right course.

Source: Wall Street Journal October 24, 2019 12:45 UTC