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Norwegian reports higher load factor and unit revenue in October

Press release   •   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.

A total of 3,118,722 passengers chose to fly with Norwegian in October. The total traffic (RPK) was down three percent and the capacity growth (ASK) was down five percent, in line with the strategy. The load factor was 87.1, up 2.1 percentage points.

“We are pleased that our unit revenue continued to increase in October, that our load factor is higher and that our punctuality is up. We have adjusted our route portfolio and capacity for the coming winter season to ensure that we are well positioned to meet the actual demand. The figures show that we continue to deliver on our strategy of moving from growth to profitability,” said Acting CEO and CFO of Norwegian, Geir Karlsen.

The company continues to reduce its CO2 emissions in October with 67 grams per passenger kilometre, a reduction of 8.5 percent compared to the same period last year. With an average age of 3.8 years, Norwegian has one of the world’s most environmentally friendly fleets. Thanks to this, the company has reduced its per passenger emissions by 30 percent since 2008.Norwegian operated 99.7 percent of the scheduled flights in October. 83.3 percent departed on time, up 3.6 percentage points. The use of wetlease aircraft in October affected the on-time performance negatively.

Please find more information in the attached traffic report.

Norwegian is a listed company on the Oslo Stock Exchange and is the world's fifth largest low-cost airline operating 500 routes to 150 destinations in Europe, North Africa, Middle East, Thailand, Caribbean, the U.S and South America. In 2018, Norwegian carried around 37 million passengers. Norwegian has almost 11,000 employees and a modern, more environmentally friendly fleet of more than 170 aircraft with an average age of 3.8 years. Norwegian has been voted ‘Europe’s best low-cost carrier’ by passengers for six consecutive years from 2013-2018, along with being awarded the ‘World's best low-cost long-haul airline’ for five consecutive years from 2015-2019 at SkyTrax World Airline Awards. The company has been named the most fuel-efficient airline on transatlantic routes for the second time by the International Council on Clean Transportation (ICCT).

For more information, visit www.norwegian.com