Tag Archives: Norwegian.com (Norwegian Air UK)

Norwegian presents 2018 full year results and the strategy for returning to profitability

Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWC (msn 38893) (Robert Burns, Scottish Poet) JFK (Fred Freketic). Image: 945600.

Norwegian Air Shuttle today released this statement:

Norwegian today reported its full year and fourth quarter 2018 results, figures strongly affected by engine issues, fuel hedge losses and tough competition in a period of strong growth. The net loss was NOK 1.454 million ($169.3 million) in 2018, while the company’s unit costs, excluding fuel, have decreased by 12 percent during the same period.

The key priority going forward is returning to profitability through a series of measures, including an extensive cost reduction program, an optimized route portfolio and sale of aircraft. The company is also strengthening its balance sheet through a fully underwritten rights issue of NOK 3 billion in order to increase its financial position.

The company was hit by several unforeseen challenges during 2018. Continued tough competition and high jet fuel prices affected the results, in addition to significant costs related to Rolls Royce engine issues on the Dreamliners. Norwegian was forced to wetlease aircraft to avoid delays and cancellations on intercontinental flights. Norwegian has now reached an agreement with the engine manufacturer, which will have a positive effect in 2019. The Dreamliner operation is now running smoothly, and we don’t foresee that engine issues will affect our service going forward. Going into 2019, Norwegian’s growth and investments will decrease considerably, and a series of initiatives have been undertaken to return to profitability this year.

The company’s total revenue was more than NOK 40 billion, an increase of 30 percent compared to 2017. A total of 25 brand new aircraft entered the fleet, contributing to a production growth (ASK) of 37 percent. The load factor was 85.8 percent and more than 37 million passengers chose to travel with Norwegian, an increase of 13 percent compared to the previous year.

Fourth quarter results

For the fourth quarter, the total revenue was NOK 9.7 billion, an increase of 23 percent from the same period last year, primarily driven by international growth as well as increased traffic in the Nordics. More than nine million passengers flew with Norwegian this quarter, a growth of 12 percent. The load factor was 80.9 percent. The company incurred losses of NOK 1.8 billion on its current hedge positions in Q4. Some of the loss has since reversed due to the latest increase in the jet fuel price.The company’s unit costs, excluding fuel, decreased by 14 percent compared to the fourth quarter in 2017.

“We have taken a series of initiatives to improve profitability by reducing cost and increasing revenue going forward. We have optimised our base and route structure to streamline the operation as well as divested aircraft, postponed aircraft deliveries and not least started an internal cost reduction program, which will boost our financials and bring us back to profitability,” said CEO of Norwegian Bjørn Kjos.

“Going into 2019, we will enter a period of slower growth and fewer investments, while constantly looking for new and smarter ways to improve our efficiency and offer new products and services to attract new customers,” Kjos added.

Norwegian in the UK and Ireland:

  • Norwegian carries almost 6 million UK passengers each year from London Gatwick, Edinburgh and Manchester Airports to 30 destinations worldwide
  • Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 1,000 UK-based pilots and cabin crew
  • In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. – the airline now flies to 12 U.S destinations, Buenos Aires and Rio de Janeiro from London Gatwick
  • In 2017, Norwegian also launched affordable transatlantic flights from Edinburgh, Belfast, Dublin, Cork and Shannon to the US East Coast, using the brand new Boeing 737 MAX aircraft
  • Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations
  • The airline has one of the youngest aircraft fleets in the world with an average age of 3.7 years, including next-generation Boeing 787 Dreamliner, Boeing 737 MAX and Boeing 737-800s
  • Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years at SkyTrax World Airline Awards from 2013-2018, along with being awarded the ‘World’s best low-cost long-haul airline’ in 2015, 2016, 2017 and 2018
  • Norwegian Reward is the airline’s free to join award-winning loyalty program offering members CashPoints and Rewards that reduce the cost of Norwegian flights

Top Copyright Photo (all others by the airline): Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWC (msn 38893) (Robert Burns, Scottish Poet) JFK (Fred Freketic). Image: 945600.

Norwegian UK aircraft slide show:

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Norwegian is coming to Tampa

Dedicated to Joseph de Montgolfier, French Inventor

Norwegian will launch a new route to Tampa. Beginning on October 31, the airline will offer twice-weekly service from London’s Gatwick Airport aboard a Boeing 787 Dreamliner.

Top Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWA (msn 63315) (Joseph de Montgolfier, French Inventor) LGW (Antony J. Best). Image: 942326.

Norwegian (UK) aircraft slide show:

Norwegian starts Amsterdam – New York JFK service

Dedicated to Jonathan Swift, Irish Writer

Norwegian on May 7, 2018 started a new route linking Amsterdam with New York (JFK). The new route will operate four days a week.

The pictured Boeing 787-9 Dreamliner G-CKNY operated the first flight.

Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKNY (msn 63312) (Jonathan Swift, Irish Writer) AMS (Ton Jochems). Image: 941811.

Norwegian UK aircraft slide show:

Norwegian rejects two takeover bids from IAG

"Robert Burns, Scottish Poet"

Norwegian Air Shuttle has made this announcement:

The Board of Norwegian Air Shuttle (NAS) confirms that it has received two separate conditional proposals from IAG Group in relation to an acquisition of 100 percent of the share capital of NAS.

These proposals were reviewed in conjunction with NAS’ financial and legal advisers, and were unanimously rejected on the basis that they undervalued NAS and its prospects. The Board of NAS remains fully committed to delivering on its stated strategy, for the benefit of all NAS shareholders.

Norwegian in the UK and Ireland:

  • Norwegian carries 5.8 million UK passengers each year from London Gatwick, Edinburgh and Manchester Airports to 50 destinations worldwide
  • Norwegian is the third largest airline at London Gatwick, with 4.6 million yearly passengers, and with more than 1,000 UK-based pilots and cabin crew
  • In 2014, Norwegian introduced the UK’s first low-cost, long haul flights to the U.S. – the airline now flies to 11 U.S destinations, Buenos Aires and Singapore
  • In 2017, Norwegian also launched affordable transatlantic flights from Edinburgh, Belfast, Dublin, Cork and Shannon to the US East Coast, using the brand new Boeing 737 MAX aircraft
  • Norwegian is the only airline to offer free inflight WiFi on UK flights to more than 30 European destinations
  • The airline has one of the youngest aircraft fleets in the world with an average age of 3.6 years, including next-generation Boeing 787 Dreamliners, Boeing 737 MAX and Boeing 737-800s
  • Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for five consecutive years at SkyTrax World Airline Awards from 2013-2017, along with being awarded the ‘World’s best low-cost long-haul airline’ in 2015, 2016 and 2017
  • Norwegian Reward is the airline’s free to join award-winning loyalty program offering members CashPoints and Rewards that reduce the cost of Norwegian flights

Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWC (msn 38893) (Robert Burns, Scottish Poet) PAE (Nick Dean). Image: 941252.

Norwegian UK aircraft slide show:

Norwegian to add a third daily flight between London Gatwick and New York JFK

"Ernest Shackleton, British Polar Explorer"

Norwegian has announced that from October 29, 2018 the airline will add an additional frequency between London Gatwick and New York JFK.

Norwegian is now the second largest long-haul airline at Gatwick with 13 direct long-haul destinations. The airline serves a total of 11 routes to the US and recently added Chicago and Austin to its’ expanding network.

 

The new flights provide extra flexibility and convenient schedules allowing passengers to choose a departure and arrival time that suits their requirements. Flight DI7017 departs from London Gatwick at 09.50 and lands at New York JFK at 13.00. Flight DI7018 departs New York JFK at 19.40 and lands at London Gatwick at 07.10 the following day.

Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKWD (msn 38789) (Ernest Shackleton, British Polar Explorer) PAE (Nick Dean). Image: 941721.

Norwegian UK aircraft slide show:

Norwegian sets new record transatlantic flight time from New York to London by a subsonic aircraft

Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKHL (msn 63310) (Amy Johnson, British Aviator) LAX (Michael B. Ing). Image: 940391.

Norwegian (Norwegian Air UK) has set a new record time for the fastest ever transatlantic flight by a subsonic passenger aircraft this week using the Boeing 787-9 Dreamliner.

Norwegian flight DY7014 from New York JFK to London Gatwick on Monday, January 15, 2018 completed the full duration of the flight in 5 hours and 13 minutes – the fastest transatlantic flight recorded on a subsonic commercial aircraft. The previous record was 5 hours and 16 minutes.

The flight carrying 284 passengers departed New York at 11:44 am and arrived at London at 9:57 pm – 53 minutes early.

Europe’s third largest low-cost airline, operates double daily flights between London and New York using the state-of-the-art Boeing 787 Dreamliner. The flight benefitted from strong tailwinds over the Atlantic Ocean that reached a maximum of 176 knots (202mph). The tailwinds pushed the aircraft to a top speed of 776mph during the flight.

The Boeing 787-9 Dreamliner aircraft (G-CKHL, above) used on the record-breaking transatlantic flight adorns British tail fin hero Amy Johnson, a pioneering pilot who was the first female to fly solo from England to Australia in 1930. Norwegian honours iconic figures on the tails of its aircraft, using personalities who symbolise the spirit of Norwegian through innovation, challenging the norm, and inspiring others.

Captain Harold van Dam at Norwegian said: “The 787 Dreamliner is a pleasure to fly and it’s a great feeling to know that we have set a new record in this aircraft. We were actually in the air for just over five hours and if it had not been for forecasted turbulence at lower altitude, we could have flown even faster.”

The day before the record-breaking flight, London Gatwick-based Captain Pascal Niewold recorded his fastest ever transatlantic flight of 5 hours and 20 minutes while flying the Boeing 787 Dreamliner from New York to London on Sunday, January 14, 2018. The flight had a maximum tailwind of 195 knots (224mph) and reached a top speed of 779mph.

Captain Pascal Niewold at Norwegian said: The passengers and crew were very pleasantly surprised that we were already landing in London. It was a very smooth flight with almost no turbulence and as a result of the jet stream we arrived 25 minutes early.”

In 2018, Norwegian will take delivery of 11 brand new Boeing 787-9 Dreamliner aircraft, 10 of which will feature Norwegian’s new expanded Premium cabin with 56 seats – 21 seats more than the airline’s current Premium cabin.

Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CKHL (msn 63310) (Amy Johnson, British Aviator) LAX (Michael B. Ing). Image: 940391.

Norwegian aircraft slide show:

Norwegian expands long-haul network with flights from US to Madrid, Amsterdam and Milan, buys 28 slots at Gatwick

"Roald Dahl, British Storyteller"

Norwegian on December 14, 2017 announced further expansion of its long-haul networks with four new routes between Europe and the United States to Europe: New York (JFK) and Los Angeles to Madrid; New York (JFK) to Amsterdam; and Los Angeles to Milan.

Norwegian now offers 61 nonstop transatlantic routes between the US and Europe.

To support the continuous growth at Los Angeles International Airport, Norwegian will open its fourth American crew base with 150 cabin crewmembers during the first quarter of 2018. The airline already has four crew bases for cabin crew and pilots in the U.S.

Service from New York’s John F. Kennedy International Airport to Madrid-Barajas Airport will launch on July 18, 2018, and operate three times per week. Service to Amsterdam’s Schipol Airport will launch on May 7, 2018, and will operate four times per week.

Service from Los Angeles International Airport to Madrid will launch on July 16, 2018, and will operate four times per week. Service to Milan-Malpensa Airport will launch on June 18, 2018, and will also operate four times per week.

Economy launch fares to Amsterdam and Madrid from New York City start as low as $199 and $229 one-way, respectively, including taxes; fares from Los Angeles to both Madrid and Milan start from $229 one-way, including taxes.

Overall, Norwegian now offers 61 transatlantic flights from 13 U.S. airports to Denmark, France, Ireland, Italy, Norway, Spain, Sweden and the United Kingdom, as well six routes to the French Caribbean, totaling 67 routes out of the United States. Upcoming launches from the U.S. include: Oakland/San Francisco to Rome (February 6, 2018); New York/Newark to Paris (February 28); Chicago to London (March 25); Austin to London (Mach 27); Denver to Paris (April 9); Oakland/San Francisco to Paris (April 10), Boston to Paris (May 2); New York/JFK to Amsterdam (May 7); Los Angeles to Milan (June 18); Los Angeles to Madrid (July 16); and New York/JFK to Madrid (July 18).

In other news, Norwegian on December 13, 2017 confirmed it has acquired an additional 28 weekly slots at London Gatwick Airport from summer 2018. The take-off and landing slots, purchased from Small Planet Airlines, will allow Norwegian to plan for continued growth at Gatwick as the airline heads into its busiest ever year in the UK in 2018.

London Gatwick is at the heart of Norwegian’s fast-growing UK operation, where the airline already flies more than 4.6 million passengers each year to over 30 global destinations. Norwegian’s route network at Gatwick includes affordable long-haul flights to 9 US cities and Singapore, with further long-haul routes to Argentina, Chicago and Austin launching early next year.

Planning work is now underway to allocate the newly acquired 28 weekly slots which cover the busy summer 2018 period at London Gatwick.

Copyright Photo: Norwegian.com (Norwegian Air UK) Boeing 787-9 Dreamliner G-CJUL (msn 38779) (Roald Dahl, British Storyteller) LAX (Michael B. Ing). Image: 940216.