Norwegian Air struggles to fill planes as fleet grows
Norwegian Air struggled to fill its aircraft in November as capacity growth far outpaced demand, while a loss on fuel hedge contracts added to the airline's woes, sending its shares down 9% Thursday. The company has ramped up its transatlantic business but has also said that growth will slow as it prioritises profitability over expansion. "Several of our summer routes have been extended into November, which has affected the load factor," CE Bjoern Kjos said. While the airline's capacity grew 34% year-on-year in November, revenue-generating passenger kilometres increased by 26%, lagging a forecast of 33.7% in a Reuters poll of analysts. The load factor fell to 78.8% for the month, the lowest since May 2014. That fell short of a forecast of 82.7% and was down from 83.7% a year ago. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2018-12-07/unaligned/norwegian-air-struggles-to-fill-planes-as-fleet-grows
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Norwegian Air struggles to fill planes as fleet grows
Norwegian Air struggled to fill its aircraft in November as capacity growth far outpaced demand, while a loss on fuel hedge contracts added to the airline's woes, sending its shares down 9% Thursday. The company has ramped up its transatlantic business but has also said that growth will slow as it prioritises profitability over expansion. "Several of our summer routes have been extended into November, which has affected the load factor," CE Bjoern Kjos said. While the airline's capacity grew 34% year-on-year in November, revenue-generating passenger kilometres increased by 26%, lagging a forecast of 33.7% in a Reuters poll of analysts. The load factor fell to 78.8% for the month, the lowest since May 2014. That fell short of a forecast of 82.7% and was down from 83.7% a year ago. <br/>
