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Norwegian reports higher unit revenue, better on-time performance and lower CO2-emissions in 2019 – unit revenue increase by 21 percent in December
Press releases • Jan 07, 2020 07:00 UTC
Norwegian’s traffic figures for 2019 show that the company is delivering on its strategy of moving from growth to profitability. The planned capacity reduction and optimisation of the route network have had a positive impact on the figures. In 2019, the capacity, in terms of seat kilometre, was 1 percent higher than the previous year; a little over the previously announced zero growth.
Norwegian upcycles uniforms into a series of new, sustainable products
Press releases • Dec 16, 2019 16:08 UTC
Norwegian’s latest project with UNICEF helps children in need, provides work for immigrant women and reduces the company’s environmental impact. By upcycling the company’s uniforms, thousands of items can be saved from the bin – a crucial move in the fight against textile waste.
Norwegian’s unit revenue increased by 18 percent in November
Press releases • Dec 05, 2019 07:00 UTC
Norwegian’s traffic figures for November shows an increased unit revenue for the eighth consecutive month and was up 18 percent compared to the same month previous year. At the same time, the capacity was reduced, which is in line with the company’s strategy. The load factor was 83 percent, up by 4.2 percentage points.
Norwegian sells Argentinian subsidiary to JetSMART Airlines
Press releases • Dec 04, 2019 15:34 UTC
Norwegian Air Shuttle has signed an agreement for the sale of 100 per cent of its Argentinian subsidiary Norwegian Air Argentina (NAA) to JetSMART Airlines. “We’re taking necessary steps to return to profitability,” said acting CEO Geir Karlsen.
Jacob Schram appointed new CEO of Norwegian
Press releases • Nov 20, 2019 10:37 UTC
Norwegian’s Board of Directors has today appointed Jacob Schram as CEO of Norwegian, starting January 1st 2020. Geir Karlsen will continue as CFO and Deputy CEO.
Norwegian launches eight new routes from Poland to Scandinavia
Press releases • Nov 12, 2019 08:00 UTC
Norwegian will open 16 new routes from Scandinavia this summer, half of which are from Poland. Passengers travelling from Gdansk, Poznan, Szczecin and Wroclaw will see new direct routes to the Scandinavian cities Oslo, Trondheim, Stockholm and Copenhagen. The first flight takes off on March 31st.
Norwegian has raised new capital
Press releases • Nov 06, 2019 11:56 UTC
Norwegian has raised NOK 2.5 billion in gross proceeds through a private placement and a convertible bond issue of USD 150 million. After the completion of the transactions, Norwegian is fully funded through 2020 and beyond.
Norwegian reports higher load factor and unit revenue in October
Press releases • Nov 05, 2019 15:56 UTC
Norwegian’s traffic figures for October shows an increased unit revenue for the seventh consecutive month and was up six percent compared to the same month previous year. The load factor was up by more than two percent.
Norwegian Reward launches credit card in the U.S.
Press releases • Nov 05, 2019 11:30 UTC
Norwegian Reward partners with Synchrony and Mastercard to offer a credit card in the U.S. The goal is to offer an even better loyalty program in one of Norwegian’s most important markets.
The first flight from Palanga to Bergen has taken off
Press releases • Oct 30, 2019 14:30 UTC
Norwegian has expanded its Eastern European network with the addition of a new non-stop service between Palanga and Bergen, Norway. The first flight has now taken off from Palanga International Airport.
The first flight from Gdansk to Bergen has taken off
Press releases • Oct 27, 2019 11:30 UTC
Norwegian has expanded its Eastern European network with the addition of a new non-stop service between Gdansk and Bergen, Norway. The first flight has now taken off from Gdańsk Lech Wałęsa Airport.
Norwegian reports its best ever quarterly result with a profit before tax of NOK 2.2 billion
Press releases • Oct 24, 2019 05:00 UTC
Norwegian’s third quarter results are characterized by improved profitability, higher unit revenue, lower unit cost and reduced growth, in line with the strategy. Profit before tax improved by 38 percent to NOK 2.2 billion compared to the same quarter last year.
Norwegian to establish a joint venture for parts of its aircraft fleet with China Construction Bank Leasing Corporation
Press releases • Oct 24, 2019 04:26 UTC
The purpose of the joint venture (JV) between Norwegian and China Leasing International Corporation DAC (CCBLI) will be to finance, own and lease aircraft that Norwegian has on order. The agreement will strengthen Norwegian’s financials considerably.
Norwegian reports increased passenger traffic and higher revenues in September
Press releases • Oct 04, 2019 06:14 UTC
Norwegian carried more than 3.3 million passengers in September. The unit revenue increased for the sixth consecutive month and was up by six percent compared to the same month previous year.
Norwegian’s loyalty programme reaches 10 million members – three new members every minute
Press releases • Sep 27, 2019 06:00 UTC
Norwegian’s loyalty programme, Norwegian Reward, has reached 10 million members. So far in 2019, more than three new members signed up to the loyalty programme every minute.
Norwegian reports increased unit revenue and higher load factor in August
Press releases • Sep 05, 2019 06:01 UTC
Norwegian carried more than 3.5 million passengers in August. The unit revenue increased by three percent and the load factor was 90 percent, up 0.4 percentage points.
Norwegian reports higher load factor in July
Press releases • Aug 06, 2019 08:00 UTC
Norwegian carried more than 3.7 million passengers in July. The load factor was 93.5 percent, up half a percentage point.
CFO Geir Karlsen appointed interim CEO of Norwegian as Bjørn Kjos steps down
Press releases • Jul 11, 2019 05:30 UTC
After 17 years as the CEO of Norwegian Air Shuttle, Bjørn Kjos (72) will leave the position and continue in a new role as an advisor to the Chairman, with effect from July 11th. Until Norwegian appoints a new CEO, CFO Geir Karlsen (54) will act as interim CEO, while Chairman Niels Smedegaard (57) will take on a more active role in the management.
Norwegian’s financial turnaround moves in the right direction: Increased revenue and reduced cost
Press releases • Jul 11, 2019 05:01 UTC
Norwegian’s second quarter results are characterized by reduced growth and improved profitability, in line with the company’s strategy. Despite the reduced production growth and grounding of the Boeing 737 MAX aircraft, the underlying operating result before ownership costs more than doubled from the same quarter in 2018.
Norwegian reports improved unit revenue and higher load factor in June
Press releases • Jul 04, 2019 06:00 UTC
Norwegian carried almost 3.5 million passengers in June. The company’s unit revenue improved by 10 percent compared to the same month previous year.