Norse Atlantic hails record passenger load, increased revenue
Norse Atlantic reported a strong increase in revenue and improved financial results for the second quarter.
It was fueled by a record 97% load factor and 36% in overall passenger growth.
CEO Bjørn Tore Larsen said: “The positive momentum from the start of the year has continued into the summer with record load factor and strong passenger growth, yielding a 27% increase in passenger revenue.”
It marked the airline’s first-ever second-quarter operating profit.
“The progress reflects successful execution of Norse Atlantic Airway’s commercial strategy implemented in 2024 and focus on operational efficiencies,” he added.
“This shows the impact of our data driven commercial model in an industry where a load factor above 90% is a strong result,” Larsen added.
He said there was a slight decline in average passenger revenue in the quarter which is mostly down to airfare bundles adjustments.
The current Norse Atlantic fleet consists of 12 Boeing 787-9 Dreamliners.
The airline cites ‘some softness’ in the transatlantic market but strong demand for the Asia and Africa autumn/winter programme.
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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