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Published on Friday, October 4, 2019

Norwegian reports revenues up for sixth consecutive month

Norwegian carried more than 3.3 million passengers in September and reported revenues up for the sixth year in a row.

Unit revenue increased for the sixth consecutive month and was up by 6% compared to the same month previous year.

Total traffic increased by 2%, capacity growth was up 1% and load factor increased by 1.1 percentage point to 90%.

Acting CEO and CFO Geir Karlsen said: "As we are moving from growth to profitability, I am pleased that our unit revenue continued to increase for the sixth consecutive month and that passenger demand has been stable and solid.

"Norwegian's operational performance continues to improve, and we are on track to reach the targeted cost-reductions of two billion NOK in 2019.

"The outlook going forward is promising, and for the upcoming winter season, we have adjusted our route portfolio and capacity to ensure that we are well positioned to meet the actual demand."

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