Norwegian reports strong passenger growth and high load factor in April
Norwegian carried almost two million passengers in April 2014, an increase of 17 percent compared to the same month last year. The load factor was 79.8 percent.
Norwegian carried almost two million passengers in April 2014, an increase of 17 percent compared to the same month last year. The load factor was 79.8 percent.
Norwegian today reported its first quarter results for 2014. The pre-tax profit (EBT) was -813 MNOK. Despite a seasonally weak quarter, the passenger growth is strong and the load factor high. The quarterly results are affected by the additional costs associated with wet-leasing replacement aircraft on long-haul routes, as well as a weaker Norwegian currency (NOK).
Norwegian has signed agreements to lease three new Boeing 787-9 Dreamliners for its long-haul operation. Two of the aircraft will be delivered in 2016 and one in 2017. This is the brand new, more environmentally friendly and even larger Dreamliner model, which is scheduled to enter commercial service this year.
Norwegian Air Shuttle ASA will release the first quarter results at 8.30 AM (CET) Wednesday May 7th. The Company’s CEO Bjørn Kjos will present the results simultaneously at Felix Conference Center, Bryggetorget 3, Aker Brygge, Oslo. The company will host a conference call for investors and analysts in English at 14:00 (CET). For dial-in details please contact Q@norwegian.com
The Annual General Meeting of Norwegian Air Shuttle ASA will be held on May 14 2014 at 5:00PM Detailed information is enclosed to this notice.
Please find the Annual Report for 2013 at www.norwegian.com/annualreport2013
Norwegian carried more than 1.8 million passengers in March 2014, an increase of 25 percent compared to the same month last year. The capacity growth was 51 percent, in absolute terms the highest capacity growth in a single month.
Norwegian today celebrated the opening if its new crew base in Barcelona. The new base is important to Norwegian’s international growth and Barcelona will be strategically important for the company’s future long-haul plans.
Norwegian has been voted “Best Low-Cost Airline of the World” by the 2014 Air Transport News Awards, which was held in Istanbul, Turkey, yesterday evening.
Norwegian carried more than 1.5 million passengers in February 2014, an increase of 22 percent compared to February last year. The load factor has also increased, despite strong capacity growth.
Norwegian (NAS) today reported its fourth quarter and full year results for 2013. The company reports a pre-tax profit (EBT) of 437 MNOK. The company’s total fourth quarter result was -283 MNOK. The year has been characterized by strong passenger growth and international expansion, and additional costs related to the start-up of the long-haul operation.
Norwegian has signed an agreement to lease four new Boeing 787-9 Dreamliners. This means that the company has ordered 14 wide-body aircraft in total; three of which are already in service. The 787-9 is larger than the 787-8 that Norwegian currently operates on its long-haul routes.