Norwegian Airlines reports signs of gradual recovery despite low demand

Saturday, June 5, 2021

Norwegian Airlines have reported that traffic figures for May continue to be affected by international travel restrictions and therefore low demand. However, passenger numbers have shown a noticeable increase in volume in line with vaccination roll-outs and changes to entry restrictions and quarantine regulations.

In May, 96,909 customers flew with Norwegian, which is approximately 23,000 more than at the same time last year. Compared with May last year, the total capacity increased by 41 per cent and passenger traffic was up 97 per cent. Furthermore, the load factor in May was 55 per cent, an increase of 16 percentage points compared with last year.

Norwegian operated ten aircraft in May, mainly on Norwegian domestic routes. The company also operated 99 per cent of its scheduled flights in May, whereof 96 percent departed on time. Jacob Schram, Chief Executive, Norwegian said in a statement that despite low volumes, the airline is experiencing an increasingly positive trend in the number of bookings for the summer and autumn period.

He mentioned that the trend is especially noticeable in the Scandinavian market. He mentioned that the increase in the number of bookings demonstrates a clear connection with the announced and gradual opening of society and the relaxing of travel restrictions by government authorities. He shared that the airline is prepared and ready to increase route network to meet future customer demand.

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