Norwegian net profit up by four per cent for the third quarter

Published on : Friday, October 27, 2017

Norwegian AirlinesNorwegian during the third quarter of 2016 saw a net profit of NOK1 billion showing a raise of four per cent as compared to the same period last year.

 

 

It has been reported that the load factor increased to 92 per cent, the passenger’s development soared in all key markets showing a significant growth in US and Spain.

 

 

The company carried 9.8 million passengers showing an increase of 14 % compared to the same quarter last year. There was an increased growth in international passenger growth and high load factor, as well as fleet growth and renewal.

 

 

The number of passengers in the US and Spain recorded the highest with 79 percent and 25 percent respectively, there was an increased load factor of 91.7 per cent and the growth capacity was 25 per cent.

 

 

Bjorn Kjos, Norwegian chief executive was pleased with the passenger growth and the load factor. He said that almost 210 million passengers chose Norwegian during the last 15 years. The company’s global strategy was realized with the launch of 14 new intercontinental routes that includes Singapore, Denver and Seattle as the forthcoming destinations.

 

 

The quarter result was also affected by wet-leasing and compensation paid to the passengers affected by the delays. But the ticket sales were satisfactory both on established and new routes.

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