Norwegian had 2.1 million passengers and a load factor of 86.1 percent in October. Air travel demand was particularly high during the Nordic autumn holidays when many travellers flew to destinations across Europe. Regularity was high with 99.4 percent of all scheduled flights taking place.
“We are very satisfied with October’s traffic figures. Many Nordic customers took advantage of the autumn holidays, prolonging the summer season with trips to our many popular city and beach destinations across Scandinavia and Europe. I am particularly happy to see that we have managed to reduce our CO2 emissions by four percent compared to the same period last year, thanks to flying more modern aircraft and using the latest technology when navigating in the air,” said Geir Karlsen, CEO of Norwegian.
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Norwegian had 2,066,296 passengers in October, up 10 percent from October 2022. The capacity (ASK) was 3,115 million seat kilometres, while actual passenger traffic (RPK) was 2,683 million seat kilometres. Unit revenue (RASK) is estimated at NOK 0.66, while unit revenue including flight related ancillary revenue is estimated at NOK 0.78. In October, Norwegian operated an average of 78 aircraft with a regularity, share of scheduled flights taking place, of 99.4 percent. Punctuality, the share of flights departing within 15 minutes of scheduled time, was at 85.0 percent in October. However, a total of 98 percent of all departed flights arrived on schedule or within one hour of scheduled arrival time.
Well prepared for winter season ahead
“We recently published our financial results for what has been one of the absolute strongest quarters in our 21-year history. We are well prepared for the quieter winter trading period with reduced capacity and favourable hedging position on fuel, among other actions. Our ticket sales for Christmas and New Year are solid, both domestically and to our European destinations, and I would like to thank the increasing number of Nordic travellers who choose to fly with us for leisure and business,” said Karlsen.
Norwegian recently signed an agreement with TUI, one of Europe’s leading charter travel operators, to operate flights on behalf of TUI from Norway, Sweden, and Denmark to destinations across Europe. And while current booking trends have slowed somewhat in line with seasonal fluctuations in demand, the ticket sales for the coming months remain encouraging, both for leisure and business travels.
See detailed traffic figures in the attached PDF.
For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401
Fornebu, 6 November 2023
Norwegian Air Shuttle ASA
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 6 November 2023 at 08:00 CET.
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