Norwegian reports best ever quarterly results

Norwegian reports best ever quarterly results

Norwegian has reported its best quarterly results ever, with the low-cost carrier reporting NOK 993 million net profit for the three months.

The figure represents an improvement of NOK 160 million compared to the same quarter the previous year.

The load factor was 91 per cent and the performance was positive in all markets, with Spain boasting the strongest passenger growth.

In the third quarter, Norwegian carried 8.6 million passengers, an increase of 12 per cent.

Norwegian’s strongest growth in terms of passengers was in Spain, primarily driven by Spanish domestic routes.

Spain is now the second largest market for Norwegian in terms of passenger figures.

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The number of American passengers is also increasing.

During the third quarter, Norwegian commenced flights between Paris and several US cities and announced new routes between Barcelona and the US.

The load factor this quarter was 91.3 per cent; high load factors contribute to significant reductions in emissions per passenger kilometre.

So far this year, Norwegian has taken delivery of three new Boeing 787 Dreamliners and 14 new Boeing 737-800s.

With an average age of 3.6 years, Norwegian has one of the world’s most modern and fuel-efficient fleets.

“I am very pleased to report Norwegian’s best quarterly result ever and grateful that our loyal customers worldwide continue to fly with us.

“The overall development is good in all markets, and the biggest growth is in Spain, particularly on domestic routes.

“The routes between London and Paris and the U.S. are in high demand,” said Norwegian chief executive Bjørn Kjos.