Norwegian Air has for the past year offered 100,000 Americans the ability to fly affordably between the United States and Scandinavia on its fleet of brand new Boeing 787 Dreamliners. Norwegian has also carried 200,000 passengers to the U.S., giving a boost to American tourism.
Norwegian, along with representatives from Norwegian and Spanish authorities, today marked the opening of its newest base in Spain. It is strategically important for Norwegian to have a base in the Spanish capital in light of its presence in the Spanish market, as well as in terms of Norwegian’s international expansion.
Norwegian Air Shuttle ASA has mandated ABG Sundal Collier and Danske Bank Markets to arrange a series of Nordic fixed income investor meetings commencing on June 3, 2014. A NOK denominated debt capital markets transaction may follow, subject to inter alia market conditions.
Norwegian continues to expand its route network from London Gatwick by launching two new routes to Warsaw and Berlin. In addition it increases the number of daily departures to Copenhagen.
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.
