05 November, 2019

Passenger load factor and unit revenue rises for Norwegian

The latest traffic figures for Norwegian shows an increased unit revenue for the seventh consecutive month and was up 6 % compared to the same month previous year. The load factor was up by more than two percent.

A total of 3,118,722 passengers chose to fly with Norwegian in October. The total traffic (RPK) was down three percent and the capacity growth (ASK) was down five percent, in line with the strategy. The load factor was 87.1, up 2.1 percentage points.

“We are pleased that our unit revenue continued to increase in October, that our load factor is higher and that our punctuality is up. We have adjusted our route portfolio and capacity for the coming winter season to ensure that we are well-positioned to meet the actual demand. The figures show that we continue to deliver on our strategy of moving from growth to profitability,” said Acting CEO and CFO of Norwegian, Geir Karlsen.

The company continues to reduce its CO2 emissions in October with 67 grams per passenger kilometre, a reduction of 8.5% compared to the same period last year. With an average age of 3.8 years, Norwegian has one of the world’s most environmentally friendly fleets. Thanks to this, the company has reduced its per passenger emissions by 30 % since 2008.

Norwegian operated 99.7 percent of the scheduled flights in October. 83.3 percent departed on time, up 3.6 percentage points. The use of wet-lease aircraft in October affected the on-time performance negatively.
Meanwhile, Ryanair boss Michael O'Leary has kept up his irrational vendetta against Norwegian, speaking to US news network CNBC, he said time was running out for the popular carrier. “They’re now resorting to selling the aircraft to raise 50 million bucks, which wouldn’t pay the fuel bill for a week. Norwegian is doomed, the business model doesn’t work and they’re saddled now with enormous debts. It’s only a matter of time before it goes bust.”

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