Høyere drivstoff kostnader, lavere vekst, lavere billettpriser og overkapasitet er de største utfordringene til NAS de neste årene. Hvordan skal NAS klare å overleve med den enorme gjelden på 64,8 milliarder? Den enorme gjelden gir NAS store utgifter, som konkurrentene med lite gjeld ikke har. Med så lite kapital som NAS har, er det en reel mulighet for at egenkapitalen går tapt. Hvis det skjer, vil dagens aksjonærer som ikke selger sine aksjer, tape hele investeringen sin.

Ryanair har guidet sine aksjonærer og forbedret dem på at det blir et par år med tap. Hvordan skal NAS klare å overleve strategien fra Ryanair? Ryanair tror 737 Max flyene er tilbake i luften i september eller oktober 2019, etter de ble satt på bakken etter 2 stk 737 Max flyene styrtet.

"Skytes flyselskapene ned?

For luftfarten er historien en annen. Drives prisen på marint diesel i været, vil det trekke med seg flydrivstoff ettersom disse to produktene har liknende egenskaper. IMO 2020 kan følgelig gi et kostnadssjokk for en bransje som fra før sliter med overkapasitet og svak lønnsomhet.

Summa summarum kan IMO-reglene gjøre oljenæringen til en børsvinner. Det samme gjelder Vistin om selskapet beholder veddemålene sine i oljemarkedet. På tapersiden utmerker flyselskapene seg"

https://www.dovreforvaltning.com/no/content/imo-2020-vinnerne-og-taperne

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Ryanair expects to win in airline 'fare wars'

Ryanair chief Michael O'Leary has said he expects the airline to benefit from any price war in the industry.

Mr O'Leary said "artificially low prices" and "attritional fare wars" could dent profits for a year or two.

He was speaking after the airline reported that profits fell by nearly a third last year to €1bn (£880m) because fuel costs rose and fares fell.

Profits at Europe's biggest discount airline might also be lower this year, as fares could fall by up to 2%.

For last year, Ryanair's average one-way fare was €37, down 6%, although this was offset by spending on services such as hotels and car hire.

For the current financial year, the carrier said it was "cautious" on pricing and had "zero" visibility for the second half of the year.

It said that while bookings in the first half of this year were slightly ahead of last year, "fares are lower and we expect this trend will continue through 2019".

Mr O'Leary said: "Frankly, if we are in a period where there's going to be attritional fare wars for a year or two that's good for Ryanair... as... we have the lowest cost base... profits will suffer for a year or two and I think that is what our shareholders should expect.

Fuel prices are also an important factor to airline profitability and Ryanair said its bill for this year is expected to rise by €460m.

The airline expect the 737 Max planes to return to the air in July or August in the US, and September or October in the EU.

"Ryanair remains the long-term winner in the European airline industry, based on its leading market position, extensive network, low unit costs and strong balance sheet," Liberum said.

"We see tougher market conditions in the short term as positive for the stronger airlines in the long term, since this clears out weaker competitors and aids consolidation in the market."

https://www.bbc.com/news/business-48332849