Photo by Fabrizio Gandolfo/SOPA Images/LightRocket via Getty Images
Norwegian Air is canceling 85 percent of its flights and temporarily laying off 90 percent of its workforce, leaving 7,300 hundred employees without jobs amid a pandemic threatening lives and global markets.
Norwegian’s CEO Jacob Schram said in a press release that “what our industry is now facing is unprecedented and critical as we are approaching a scenario where most of our airplanes will be temporarily grounded.”
The airline said its main priority is to keep this week’s scheduled flights on the books to return customers to “home destinations” and said it will work with authorities to arrange flights to get stranded passengers out of locations, if that becomes necessary.
Employees will be affected across the board — pilots, cabin crew, maintenance and administrative staff are all part of the temporary layoff.
Norwegian joins airlines around the world making significant changes to staffing, flight schedules and business operations. Delta Airlines will cut its flight capacity by 40 percent, joining United Airlines, which yesterday said it would cut flights by 50 percent. Southwest said it is “seriously considering” cuts to domestic travel and Virgin Atlantic asked staff to take eight weeks of unpaid leave. UK Airlines have also called for a bailout to survive the crisis.
Nvidia smashes earnings with record-breaking revenue and soaring Blackwell demand as shares slip this morning, Barron’s senior writer Adam Levine unpacks it all
Jeff Wagoner, CEO of Outrigger Hospitality Group, discusses the company’s coral preservation initiatives and sustainable practices at their hotels and resorts.
Dena Jalbert, Head of M&A at Align Advisory, discusses the state of mergers and acquisitions in 2025 and beyond, highlighting key trends and opportunities.
Kim Perell, author and entrepreneur, shares actionable tips and tricks to help current and aspiring entrepreneurs kick off 2026 with confidence and momentum.
Computer chipmaker Nvidia is poised to release a quarterly earnings report that is expected to either deepen a recent downturn in the stock market or prompt an ebullient sigh of relief among investors increasingly worried the world’s most valuable company is perched upon an artificial intelligence bubble about to burst.
Emera CEO Scott Balfour discusses soaring energy demand, AI-driven grid challenges, clean-power investments, and how the company is building a resilient future.
JB Mackenzie discusses Robinhood’s new entertainment prediction markets, letting users engage with pop culture, award shows, and more through low-stakes bets.
Rhett Power shares his startup journey, lessons from his early years and insights from his book on overcoming negative self-talk to lead with confidence.
Despite inflation, Americans aren’t giving up the gym. Crunch Fitness CEO Jim Rowley discusses strong growth, value-driven expansion and what the future holds.
Home prices far outpacing incomes, low inventory, and higher living costs are reshaping the market. WSJ’s Veronica Dagher breaks down the challenges ahead.
