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Aviation: Improved Q1 result for Norwegian

Low fare airline Norwegian reports an improved result of MNOK 238 in the first quarter of 2013, compared with the first quarter of last year.

 

It is one of the best first quarters in the company’s history, says Norwegian CEO Bjørn Kjos.

The company says the quarter is also characterized by solid traffic growth and international expansion.  Not least the company also reduced its costs considerably, boosting its competitive power in an international industry with tough competition.

The total revenue in the first quarter was 2.9 BNOK, up 23 percent from the same quarter previous year. The result (EBT) was -160 MNOK, an improvement of 238 MNOK compared to first quarter 2012.

The company carried 3.9 million passengers, a total growth of 8 percent. The company’s RPK was up as much as 19 percent, which relates to each passenger flying considerably longer distances than last year.  

The figures also show a solid ASK growth of 21 percent. The load factor in this quarter was 76 percent, down 1 percentage point from the same quarter last year.

(NRK/Press release)


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