Low fare airline Norwegian has presented a pre-tax profit of NOK 733 million for the third quarter, which is the best result in a single quarter in the company´s history.
Compared to the same quarter last year the unit cost is significantly reduced and the number of passengers has increased by as much as 25 percent.
The company carried more than 3.8 million passengers in the third quarter, 757,000 more than the same period in 2009. The total turnover was more than NOK 2.8 billion, an increase of 25 percent. The production increased by 34 percent.
The load factor was a solid 80 percent despite the considerable capacity boost. The unit cost is down six percent since the third quarter of 2009 and is now at .41 NOK including fuel.
The company´s third quarter result is also influenced by the NOK 175 million compensation paid by Scandinavian Airlines following industrial espionage.
”We are pleased to report the best quarterly result in Norwegian´s history. Lower unit cost is necessary to further boost our competitiveness. If granted the same conditions as our competitors by the Scandinavian governments we are in a good position to meet the head-on competition. By continually phasing in several brand new and more environmentally friendly aircraft, our costs will continue to decrease and our passengers will experience increased in-flight comfort. When our 737-300 fleet is discontinued in 2012 we will have a cost-efficient and unitary fleet," said CEO of Norwegian, Bjørn Kjos.
(NRK/Press release)
SAS airlines reported Tuesday that it will present a positive result for Q3 with an EBT of 568 MSEK, passenger revenue growth of 9% and unit cost reduction of 6%.
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The SAS Group carried 2.6 million passengers in September, up 3.5% from the same month last year.
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Norwegian Airlines demand that Avinor (Norwegian Civil Aviation Administration) reimburses them for a NOK 100 million loss due to delays and cancelled flights this summer.
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Labour Minister Hanne Bjurstrøm (photo) has informed the two sides in the security guard conflict that the Government will refer the dispute to the Stautory Wages Board, whose decision will be mandatory on both parties.
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The strike by security guards continued to affect air travel Thursday morning, and travellers are asked to check in extra early. Five regional airports are closed altogether.
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Consumer price index (CPI) fell by 0.6 per cent from July to August 2011, mainly due to price falls in food and airline fares. From August 2010 to August 2011the CPI rose by 1.3 per cent.
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While domestic air travel in Norway is still near normal, major airfields throughout Europe are struggling with cancelled and delayed flights, and terminals crowded with frustrated travellers trying to get home for Christmas.
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Several thousand Norwegian travellers were this weekend affected by heavy snowfall which closed down major airports on the European continent and in the UK. The problems continued Monday.
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Air travel in Norway is still on the increase. In September, 3.84 million passengers travelled to and from Avinor's airfields, an increase by more than 9 per cent compared with September last year.
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SAS airlines carried 2.2 million passengers in August. This is an increase by 7 per cent, compared with August last year. The load factor improved to 78.2%, record high for August.
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The Scandinavian airline SAS has announced a SEK 500 million loss in the second quarter. SAS says the main reason is the clouds of volcanic ash which plagued European air travel earlier this year.
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The strike by musicians and dancers at the Norwegian Opera and Ballet is over, after the two sides in the early hours of Monday morning accepted a proposal from the National Arbitrator.
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Norwegian air space remained open Friday morning, and outlooks for the day were good. Early morning flights to and from Kristiansand Airport were cancelled, but were later resumed.
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