Norwegian posts “one of best results ever”

Airline reports first-quarter result up €31.5 million

Norwegian reported its first-quarter 2013 result today, improving it by NOK 238 million (€31.5 million) compared to the same quarter in 2012. It describes the result as “one of the best first quarters in the company’s history”.
Total revenues for the first quarter stood at NOK 2.9 billion, up 23% from the same quarter the previous year. Reuters outlines the effect on profit: “Norwegian, which is expanding around northern Europe at the expense of established carriers such as SAS, swung to a 69 million crown operating profit in the first quarter from a 575 million loss a year ago. That compared with an average analyst forecast for a 65 million crown loss.”
The company carried 3.9 million passengers, a total growth of 8% and its RPK was up 19%. ASK growth stood at 21%, load factor at 76%, down 1 percentage point from the same quarter last year.
The company’s costs fell by 8%, both including and excluding fuel. The airline says that the main cost-reducing factors are the establishment of new European bases and the delivery of new Boeing 737-800s. So far this year, Norwegian has taken delivery of six such aircraft. In April, Norwegian opened a new base at London Gatwick and launched 14 new routes to Mediterranean destinations and cities on the European continent. The company also opened a new base in Alicante, Spain, in March.
Reuters / TTG Nordic
[pictured: Airbus A320; image courtesy Airbus]

x

Check Also

Norwegian, loss, profit, revenue, 2017, year, quarter, costs, oil, fuel, Kjos, result

Norwegian posts €30.7mn full-year loss

The negative result was influenced by global expansion, fleet renewal and other costs.

Star Alliance, airlines, digital, technology, share, data, members, mobile, app, website, seat, book, interoperability

Star Alliance improves digital inter-usability

The alliance creates a digital services platform for customers using more than one member airline.

Norwegian, low-cost, Kjos, Boeing 787, Dreamliner, Airbus, A321neo LR, Singapore, Asia, Argentina, South America, plans, strategy, UK, London, speech, Shard, transatlantic, long-haul, USA, Detroit, Philadelphia

Norwegian plots global expansion

But it is putting the UK first. It makes the first low-cost long-haul flight to South America today.

Norwegian, SEPLA, union, Spain, Ialy, bases, pilots, CBA, agreement, deal, Icelandair

Norwegian, Icelandair make deals with pilots

Separate agreements are signed with a union in Iceland – and unions in Spain and Italy.

sas, results, traffic, passengers, January, 2018, capacity, stats

SAS load factor falls dramatically

Scandinavian carrier reports a fall in January in both passenger numbers and load factor.

Norwegian, France, Spain, Albania, Tirana, Bergen, Oslo, summer, 2018, Ibiza, Paris, Bastia, Corsica, flights, routes

Norwegian adds routes from Norway

Both year-round and seasonal routes are added to the low-cost carrier’s home network.