Norwegian Air shares plunge to 15-year low Analysts warn airline will have to raise fresh capital, prompting 27% fall in stock

Norwegian Air shares plunge to 15-year low as coronavirus adds to pressure. 

They raised NKr5.6bn -- $605MM-- in equity in 3 capital raisings in past 2 years + NKr1.5bn in convertible bond and extended debt maturities on NKr3.4bn of debt...But its market capitalisation on Monday was just NKr2bn. 

Needs to raise +/- NKr3bn to meet a challenging market and not find itself in the same situation next year when it faces repayment of a €250m bond. 

https://www.ft.com/content/310688ae-5f91-11ea-b0ab-339c2307bcd4  @FT

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