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Norwegian reports increased unit revenue and higher load factor in August

Press release   •   Sep 05, 2019 06:01 UTC

Norwegian's Boeing 737-800.

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.

A total of 3,503,913 passengers chose to fly with Norwegian in August. The total traffic (RPK) increased by five percent and the capacity growth (ASK) was four percent.

“Our growth is slowing down, in line with our strategy, and we are glad to see an increased unit revenue this month compared to the same month last year. We are also pleased that bookings are looking solid going forward, especially on intercontinental routes and in the Nordics,” said Acting CEO and CFO of Norwegian, Geir Karlsen.

The continued fleet renewal contributed to a further reduction of CO2 emissions in august from 70 to 69 grams per passenger kilometre 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 its new fleet, the company has reduced its per passenger emissions by 30 percent since 2008.

Norwegian operated 99.4 percent of the scheduled flights in August, whereof 76.2 percent departed on time. The company’s on-time performance was impacted negatively due to general summer delays in European airspace, which was outside of Norwegian’s control. The use of wetlease aircraft in August also 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).

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