Norwegian Air posts above-forecast July passenger revenue
Norwegian Air posted a surprise increase Monday of revenues per passenger for July amid efforts to turn around its loss-making operations this year. The airline, the subject of a recent takeover proposal by IAG, is rapidly expanding its long-haul operation as it seeks to become a global carrier. Revenues per passenger carried and kilometres flown rose to NOK0.50 in July from NOK0.49 a year ago, while analysts in a Reuters poll on average had predicted a decline to NOK0.47. The company’s passenger traffic volume meanwhile rose by 33% year-on-year, less than the 35% increase in the airline’s capacity and also slightly lagging analysts’ forecasts. “Our capacity growth is still high, but it is not increasing as rapidly as in previous months, which is in line with our strategy,” Norwegian CE Bjoern Kjos said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-08-08/unaligned/norwegian-air-posts-above-forecast-july-passenger-revenue
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Norwegian Air posts above-forecast July passenger revenue
Norwegian Air posted a surprise increase Monday of revenues per passenger for July amid efforts to turn around its loss-making operations this year. The airline, the subject of a recent takeover proposal by IAG, is rapidly expanding its long-haul operation as it seeks to become a global carrier. Revenues per passenger carried and kilometres flown rose to NOK0.50 in July from NOK0.49 a year ago, while analysts in a Reuters poll on average had predicted a decline to NOK0.47. The company’s passenger traffic volume meanwhile rose by 33% year-on-year, less than the 35% increase in the airline’s capacity and also slightly lagging analysts’ forecasts. “Our capacity growth is still high, but it is not increasing as rapidly as in previous months, which is in line with our strategy,” Norwegian CE Bjoern Kjos said. <br/>
