Tag Archives: Norwegian Air Shuttle

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.

Norwegian: Traffic results for May show signs of positive trend

Norwegian’s traffic figures for May continue to be affected by international travel restrictions and therefore low demand. However, passenger numbers have shown a noticeable increase in volume in line with vaccination roll outs and changes to entry restrictions and quarantine regulations.

In May, 96,909 customers flew with Norwegian, which is approx. 23,000 more than at the same time last year. Compared with May 2020, the total capacity (ASK) has increased by 41 percent and passenger traffic (RPK) up 97 percent. Furthermore, the load factor in May was 54.8 percent, an increase of 16 percentage points compared with last year.

“Despite low volumes, we are experiencing an increasingly positive trend in the number of bookings for the summer and autumn period. This is especially noticeable in the Scandinavian market. The increase in the number of bookings demonstrates a clear connection with the announced and gradual opening of society and the relaxing of travel restrictions by government authorities. We are prepared and ready to increase our route network to meet future customer demand.” Said Jacob Schram, CEO of Norwegian.

Norwegian operated ten aircraft in May, mainly on Norwegian domestic routes. The company operated 99.1 percent of its scheduled flights in May, whereof 95.9 percent departed on time.

Norwegian resumes flights from Sweden, exits bankruptcy protection

Norwegian.com (Norwegian Air International) (Ireland) Boeing 737-8Q8 WL EI-FHE (msn 35280) (Sonja Henie) PMI (Ton Jochems). Image: 952170.

Norwegian Air Shuttle made this announcement:

As of today, May 31,2021 Norwegian will resume flights in Sweden and expand to 33 destinations during the spring and summer.

Today Norwegian starts flying domestically to Umeå and Luleå from Stockholm as well as international to Oslo and Malaga. In June, more direct routes will start and during the summer the company offers 31 destinations from Stockholm and two destinations from Gothenburg.

In June, Norwegian will begin flying to Visby, Copenhagen, Helsinki, Nice, Palma, Alicante, Barcelona, Faro, Athens, Berlin, Burgas, Dubrovnik, Split, Chania, London, Riga and Sarajevo from Stockholm.

Direct flights to Malaga and Alicante from Gothenburg will also start in June.

In July, the route network will be further expanded with direct flights to Kiruna, Vilnius, Palermo, Rome, Rhodes, Prague, Larnaca, Krakow, Budapest and Belgrade from Stockholm.

In other news, the company exited bankruptcy protection on May 26, 2021.

Restructuring saw the company shed a large part of its fleet (156 to 51 aircraft) and a reduction of its debt. The number of employees has dropped to around 3,300.

Norwegian is out of the long-haul business and will concentrate on flights in Europe.

The restructuring plan has now been approved in both Ireland and Norway where the aircraft are registered.

Top Copyright Photo: Norwegian.com (Norwegian Air International) (Ireland) Boeing 737-8Q8 WL EI-FHE (msn 35280) (Sonja Henie) PMI (Ton Jochems). Image: 952170.

Norwegian aircraft slide show (Ireland):

Norwegian: Travel restrictions continue to impact operations in April

"Jean Sibelius. Finnish composer"

Norwegian Air Shuttle issued this report:

Norwegian’s traffic figures for April are impacted by government travel restrictions and therefore low demand.

In April 59431 customers flew with Norwegian, an increase of approximately 18000 compared to the same period last year. The capacity (ASK) was down 7 percent, and the total passenger traffic (RPK) was up by 115 percent.

The load factor was 42.2 percent, up 24 percentage points, compared to April last year.

“The pandemic and international travel restrictions continue to impact our traffic results when compared to the same period last year despite the percentage increases. However, as the reopening of borders in Norway and across Europe progresses, we are confident that we will continue to see a gradual increase in year on year traffic. We continuously adjust our operations to changes in demand.” Said Jacob Schram, CEO of Norwegian.

Norwegian operated ten aircraft in April, mainly on domestic routes in Norway. The company operated 97.7 percent of its scheduled flights in April, whereof 97.8 percent departed on time.

Top Copyright Photo: Norwegian.com (Norwegian Air Sweden) Boeing 737-8JP WL SE-RRZ (msn 42083) (Jean Sibelius, Finnish composer) PAE (Nick Dean). Image: 953561.

Norwegian (Sweden) aircraft slide show:

Norwegian’s reconstruction process in Ireland is approved

Norwegian Air Shuttle made this announcement:

Norwegian’s reconstruction process in Ireland, called the Examinership, was approved by the judge in the Irish High Court on March 26. Based on this decision, Norwegian will now send the same proposal for voting in Norway. Following this, the company will start the process of raising capital with the goal of a final resolution by the end of May.

The Examiner process in Ireland is a reconstruction involving several of the company’s Irish subsidiaries. The goal of the process, which started on November 18, 2020, is primarily to strengthen the company financially and to rightsize the fleet in order to adapt to future demands.

The verdict from the Irish High Court was reached following meetings with the company’s creditors, whereby a large majority voted in favor of the reconstruction process. A similar voting process will now take place with the creditors in the Norwegian reconstruction during the next 14 days, prior to the final ruling from the Norwegian Court. The Norwegian reconstruction is therefore continuing as planned, and is expected to be completed by mid May.

“This is a demanding and ongoing process, however, the result of the court rulings enforces our beliefs of a positive final outcome. We are looking forward to and are preparing fora post-pandemic world, without travel restrictions and open borders.”Said Schram.

The decision from the Irish High Court will be legally binding following an appeal period of one month and the company will technically still be in the Examinership until the process of capital raise is finalized. Given that the court proceedings continue as planned, Norwegian’s goal is to finalize the capital raise by the end of May 2021.

Norwegian Air International is an Irish semi-ultra budget airline and a fully integrated subsidiary of Norwegian Air Shuttle, using its corporate identity. It operates flights to destinations in Europe and the Middle East from several bases in Denmark, Finland, Spain, and the United Kingdom, and is headquartered at Dublin Airport.

Norwegian Air International aircraft photo gallery:

Norwegian Air International aircraft slide show: