Niels Smedegaard has been nominated for the role of chairman at Norwegian Airlines ahead of the annual general meeting on May 7th. Born in 1962, Smedegaard is currently the president and chief executive of DFDS.
Norwegian has reported a full-year net loss of £131 million for financial 2018, a figure the carrier said had been adversely affected by engine issues, fuel hedge losses and tough competition.
Norwegian Air has seen its share price fall sharply after confirming plans to raise fresh funds. Shares in the low-cost carrier slipped 15 per cent, to just under €13, after revealing it would seek three billion Norwegian kroner (roughly £268 million) from investors.
Norwegian has reported its highest ever passenger figures in a single year, with more than 37 million travellers flying with the low-cost carrier in 2018. However, Norwegian also revealed today it made a loss of US$232 million for the October-December quarter from fuel hedging.
From March, Norwegian will serve Miami International Airport and San Francisco International Airport from London Gatwick, replacing its existing flights to Fort Lauderdale and Oakland airports.
Norwegian has launched the UK’s first low-fare flights to Brazil with a brand-new direct route from London to Rio de Janeiro. Norwegian offers a growing network of long-haul flights from London Gatwick to 12 popular USA destinations and Buenos Aires, Argentina.
As low-cost flights with Norwegian from Heathrow open up Argentina to a whole new travelling demographic, Sebastian Slobayen, minister for tourism investment for the country, here tells Breaking Travel News what impact he expects the route to have. With the value of the peso also recently falling, he tells us now is the time to visit during World Travel Market 2018 in London.
Norwegian’s non-stop service to Tampa Bay has commenced, offering consumers an affordable way to access Florida’s west coast. The new service will operate twice-weekly from London Gatwick to Tampa International Airport.
Norwegian has reported earnings before tax of £149 million for the third quarter of 2018. The company continued to reduce its unit costs despite a capacity growth of 33 per cent.