Category Archives: Norwegian Air Shuttle

930,000 passengers flew with Norwegian in December

Norwegian’s monthly traffic figures for December show that more than 930,000 passengers flew with Norwegian. This represents a significant increase compared with the same month in 2020, however, the month of December was also strongly affected by government-imposed measures and restrictions.

Christmas and New Year flights operated as planned with capacity that took into account lower demand as a result of the positive infection situation and government-imposed restrictions.

“I am pleased that we have efficiently balanced the planning and implementation of our route network and production for December. This in turn meant that passengers could book and travel on Norwegian with confidence during the festive period allowing families and friends to be reunited. Lower demand was factored into our schedules during Christmas and the New Year weekend, therefore I am pleased to report that load factors are good for December as well. We have seen an effect on general demand from the spread of the Omicron virus and the subsequent new measures and restrictions in Scandinavia and abroad,” says Geir Karlsen, CEO of Norwegian.

In December, Norwegian carried 931,917 passengers, compared with 129,664 in December 2020. The load factor was 71.3 percent.

In December, Norwegian had an average of 48 aircraft in operation, while 99.6 per cent of scheduled flights were operated. Punctuality was 83.8 percent.

Over a million passengers travelled with Norwegian in November

Norwegian Air Shuttle issued this traffic report:

Norwegian’s traffic figures for November show that for a second consecutive month over one million passengers travelled with Norwegian. Adjustments to our capacity and route network for the winter season have been well adapted to customer demand.

“The result shows that we have done well in adapting capacity to customers’ travel needs. Spain is one of the markets where we have seen a good development in bookings. In the last month, we have made it even easier for customers to book with confidence by extending the possibility of one fee-free change even on the most restricted tickets,” said Geir Karlsen, CEO of Norwegian.

In November, Norwegian carried 1,005,380 passengers, compared with 124,481 in November last year. Compared to November 2020, the total capacity (ASK) has increased by 541 percent and passenger traffic (RPK) is up 1007 percent.

In addition, the load factor in November was 76.6 percent.

In November, Norwegian had an average of 49 aircraft in operation, while 99.8 per cent of scheduled flights were operated. Punctuality was 91.3 percent.

Norwegian to lease two Boeing 737 MAX 8 aircraft

Norwegian continues to selectively grow its aircraft fleet, and the company is pleased to announce that it has entered into agreement to lease two Boeing 737 MAX 8 aircraft.

Delivery will begin shortly to enable Norwegian to fulfill the announced Summer 2022 flying program with approximately 270 routes.

The lease term for each aircraft is for nine years. The agreement includes ‘power-by-the-hour’ (PBH) arrangements for both the IATA Winter Seasons 2021/22 and 2022/23, giving Norwegian necessary flexibility to manage capacity through the low season.

Finally, Norwegian has the option, under the agreement, to substitute the subject 737 MAX 8 aircraft for new technology narrow-body aircraft from Airbus. The lessor is well reputed and has a longstanding relationship with Norwegian.

Norwegian produces a profit before taxes in the third quarter

Norwegian Air Shuttle issued this financial statement:

Norwegian reported its results for the third quarter of 2021. The figures show continued positive progress following the successful completion in May of the respective reconstruction processes. Passenger demand is returning across all our markets and forward bookings remain strong leading into our summer 2022 season.

“The third quarter results clearly demonstrate that the actions taken across the organization to safeguard the future of Norwegian by lowering debt and liabilities, while focusing on cost efficiencies, have succeeded. We are now in a strong financial position going into the traditionally more challenging winter months. We have seen a positive trend in forward bookings month on month and an increasing number of passengers are choosing to fly Norwegian across our European network,” said Geir Karlsen, CEO of Norwegian.

Profit before tax (EBT) showed a net profit of NOK 169 million compared to a loss of NOK 980 million in the same period in 2020. During the third quarter, close to 2.5 million passengers travelled with Norwegian, compared with approximately one million during the same period last year. Production (ASK) increased by 130 percent and passenger traffic (RPK) increased by 177 percent compared with the third quarter in 2020. The load factor was 73.1 percent, an increase of 12.5 percentage points. Average sector length increased by 20 percent. At the end of the third quarter of 2021, the total fleet comprised 51 aircraft.

Continued cost control throughout the company combined with low cash burn has resulted in a strong financial position entering into the winter period with NOK 7.6 billion in cash and equivalents.

The stringent focus on costs and expenditure places Norwegian in a far stronger position over the winter months than previous years. Booking curves continue to show a positive trend well into 2022 as an increasing number of passengers choose to fly with Norwegian. Our passengers appreciate our modern fuel-efficient aircraft, welcoming service and extensive European network. We are especially pleased to be able to fully reopen our award-winning Norwegian Reward program which is a much valued part of the passenger experience.

Norwegian passenger numbers show continued increase as demand strengthens

"Henrik Wergeland, Norwegian poet"

Norwegian’s traffic figures for September show a continued increase in the number of passengers as demand strengthens across our network. Traditional booking patterns are beginning to return and we are seeing more people planning ahead and booking to travel to our popular city break and winter sun destinations.

“We are pleased to be able to report for the fifth consecutive month a continued positive increase in passenger numbers. Demand is steadily growing across all our markets and bookings to our key European destinations are showing that our customers are regaining confidence in the travel sector and are now planning their future journeys well in advance.” Said Geir Karlsen, CEO of Norwegian.

In September, Norwegian carried 977,719 passengers, an increase of 206 per cent compared to the same period last year. Compared with September 2020, the total capacity (ASK) has increased by 154 percent and passenger traffic (RPK) up 248 percent. Load factor in September was 72.4 percent, an increase of 20 percentage points compared with last year.

“More people are choosing to travel with Norwegian every month due to our focused route network, good value fares, modern fuel-efficient aircraft and our on board experience. We look forward to welcoming an increasing number of passengers over the coming months.” Continued Karlsen.

Norwegian continues to ramp up operations in line with demand and the company has now reopened bases in Stavanger, Bergen and Trondheim. Norwegian operated an average of 46 aircraft in September, of which 92.1 per cent departed on time.

Video:

Top Copyright Photo: Norwegian Air Shuttle (Norwegian.no) Boeing 737-8Q8 WL LN-NOE (msn 35283) (Henrik Wergeland, Norwegian poet) OSL (Ton Jochems). Image: 955426.

Norwegian aircraft slide show:

Norwegian passenger numbers continue to increase in August

Norwegian’s traffic figures for August show a continued increase in the number of passengers. The number of future bookings has also continued to increase in line with Norwegian’s expanding route network as more people are fully vaccinated and EU / EEA countries accept international COVID certificates for travel.

Due to increased demand, Norwegian has further expanded the autumn season route offering.

“We are pleased with the positive increase in passenger numbers and demand. Everybody at Norwegian has worked incredibly hard to achieve these results and we will continue to deliver good customer experiences while running our business as efficiently as possible”. Said Geir Karlsen, CEO of Norwegian.

In August, Norwegian carried 790 220 passengers, one and a half times more than at the same time last year. Compared with August 2020, the total capacity (ASK) has increased by 129 per cent and passenger traffic (RPK) up 168 per cent. Furthermore, the load factor in August was 72.6 per cent, an increase of 10 percentage points compared with last year.

Based on demand, Norwegian has opened new routes to destinations in Europe this Autumn. From Bergen passengers can fly direct to Berlin, Krakow, Malaga, Alicante, Antalya, Chania, Copenhagen and London. From Ålesund there is a now direct route to Alicante.

“We have reopened several routes that have been suspended since the pandemic started. It is now possible again to travel to several cities in Europe, such as Pisa, Edinburgh, Munich, Prague and Vienna. We know that the pandemic can still affect people’s ability to travel, however, we will continue to adapt our network to the positive trend in passenger demand,” continued Geir Karlsen.

Norwegian had an average of 38 aircraft in operation in August. A total of 99.8 per cent of the planned flights were operated in August, of which 91.9 per cent departed on time.

Norwegian second quarter results: Positive effect of completed reconstruction process and steady uplift of demand

Norwegian reported its second quarter results and published the H1 2021 financial report. The results continued to be impacted by COVID-19 and travel restrictions in all markets. However, following the successful completion of the reconstruction process and the subsequent NOK 6 billion equity raise, the company is now well positioned for future growth and to respond to increased customer demand.

Geir Karlsen, CEO of Norwegian, said: “The H1 financial report and Q2 results mark a clear improvement in both the financial situation, due to lower operating costs and the successful completion of the reconstruction process of the company, and the gradual ramp up of our operations in response to increased passenger demand.”

Profit before tax (EBT) was NOK 1,590 million in the first half of 2021, compared with a loss of NOK 4,792 million in the same period in 2020. For the first half of 2021, production (ASK) was reduced by 94 percent compared to the same period last year. Total revenue in the first half of 2021 was NOK 591 million, compared with NOK 7,138 million in the same period last year, a decrease of 92 percent. Unit revenue increased by 22 percent following a yield increase of 93 percent and a decreased load factor by 28.8 percentage points. Average sector length decreased by 62 percent. At the end of first half of 2021, the total fleet comprised 51 aircraft. Up to 32 aircraft were operational during the first half of 2021 due to travel restrictions and lower demand.

In the second quarter of 2021, the company successfully exited the examinership and reconstruction process which improved equity by NOK 10.7 billion.

Norwegian has committed to be a price leader in the Nordic markets, offering affordable fares and a reliable service to more than 250 routes across its European network. The company value simplicity when travelling and thanks to the Norwegian Travel Assistant app and the award-winning loyalty programme ‘Norwegian Reward’, which counts over four million members, passengers can easily control every aspect of their journey. Onboard, Norwegian continues to offer a modern and comfortable flying experience with free WiFi available for all passengers.

”The results continue to be heavily impacted by international travel restrictions. However, Norwegian is now in a much stronger financial position and is able to plan for the future with renewed confidence and focus. Forward bookings continue to increase in response to the relaxation of travel restrictions and the roll out of international vaccination programs. We expect to see this trend continue in the remaining months in 2021 and through 2022,” Karlsen continued.

Cash and cash equivalents were NOK 7,475 million at the end of first half of 2021, an increase of NOK 4,808 million compared with the end of 2020. Norwegian now has a fully reconstructed balance sheet with close to zero net interest-bearing debt, a strong cash position and a rightsized business.

Norwegian releases its Summer 2022 schedule for UK and Ireland to Scandinavia with 142 weekly flights

Norwegian will continue to increase flights between the UK and Ireland to destinations across Scandinavia as the airline releases the summer 2022 flying program. All flights are now available to book offering a wide range of destinations from London, Edinburgh, Manchester and Dublin.

In total, across the European network, Norwegian will offer 259 from routes from the Nordics as a result of travel restrictions and quarantine requirements easing and consequently demand for flights increasing.

In 2020 and 2021, the aviation industry was hit hard by travel restrictions and quarantine requirements as a result of the COVID-19 pandemic. Norwegian expects that the ever-increasing vaccination rate will mean that the risk of new travel restrictions will be significantly lower in 2022.

London Gatwick will serve Oslo, Stavanger, Trondheim, Bergen, Helsinki, Stockholm and Copenhagen with a total of 115 weekly flights.

Manchester will serve Oslo, Stavanger, Bergen and Stockholm with a total of eight weekly flights.

Edinburgh will serve Oslo, Stockholm and Copenhagen with a total of 15 weekly flights.

Dublin will serve Oslo and Copenhagen with a total of four weekly flights.

In other news, Norwegian’s traffic figures for July shows a continued increase in the number of passengers. Demand is driven by ease in travel restrictions, in addition to a higher level of the population being vaccinated. In July, Norwegian operated 33 aircraft, which is approx. 50 percent more than the previous month. For the coming autumn and winter season, the number of aircraft and routes will gradually be increased to meet anticipated market demand.

In July, 695,830 passengers flew with Norwegian, which is approx. 50 percent more than at the same time last year. Compared with July 2020, the total capacity (ASK) has increased by 104 percent and passenger traffic (RPK) up 124 percent. The load factor in July was 74.4 percent, an increase of 7 percentage points compared with last year.

Travel to Northern Norway has been especially popular this summer, and the company increased its capacity to the northern parts of Norway to meet this demand.

Norwegian reports a positive passenger traffic trend in June

Fridtjof Nansen, Norwegian explorer

Norwegian’s traffic figures for June continue to be heavily influenced by travel restrictions and therefore low demand. However, forward bookings and demand continue to show a positive increase as a greater number of markets unlock and ease restrictions. In July, the number of aircraft and routes will gradually increase.

In June, 225 509 passengers flew with Norwegian, which is approx. 100 percent more than at the same time last year. Compared with June 2020, the total capacity (ASK) has increased by 182 percent and passenger traffic (RPK) up 102 percent. The load factor in June was 62.9 percent, a decrease of 25 percentage points compared with last year.

“June traffic results still show the impact of low demand due to reduced flying schedules and government imposed travel restrictions. However, we have seen a continued month on month increase in bookings as countries ease restrictions. As a result, we have resumed flights to a number of key European destinations, we will continue to adjust and increase our network and schedules as demand rises.” Said Geir Karlsen, CEO of Norwegian.

Norwegian operated 15 aircraft in June. During the month the company operated 99.9 percent of its scheduled flights, with 94.1 percent departing on time.

Top Copyright Photo: Norwegian.com (Norwegian Air Sweden) Boeing 737-8JP WL SE-RRF (msn 39004) (Fridtjof Nansen, Norwegian explorer) ARN (Stefan Sjogren). Image: 954104.