Company Growth Will Slow, Profitability Expected To Increase
Norwegian is strengthening its balance sheet through a fully underwritten rights issue of three billion Norwegian kroner (NOK) (approximately $353.2 million) in order to increase its financial flexibility and create headroom to the covenants of its outstanding bonds. The company has during the past years made considerable investments in new aircraft and launch a wide range of new routes, not least intercontinentally. The growth will now abate and the profitability increase.
Carrier To Support Two-Dozen Nonprofit Organizations Across The Country
Southwest Airlines has announced the 24 nonprofit organizations across the United States will be receiving a portion of a $1 million grant program, sponsored by the Texas-based carrier, to strengthen communities throughout the nation. Each of the receiving organizations is tasked with using the funds to support one of the following programs: K-12 STEM Education (science, technology, engineering, and mathematics), building a resilient workforce, and leadership development.
Reflects Highest-Ever Commercial Airplane Deliveries, Increases In Defense And Services Sectors
The Boeing Company reported fourth-quarter revenue of $28.3 billion, GAAP earnings per share of $5.93 and core earnings per share (non-GAAP) of $5.48, all company records. These results reflect record commercial deliveries, higher defense and services volume and strong performance which outweighed favorable tax impacts recorded in the fourth quarter of 2017. Boeing generated operating cash flow of $2.9 billion, repurchased 1.6 million shares for $0.6 billion, paid $1.0 billion of dividends and completed the acquisition of KLX.
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