Norwegian reports a good first quarter for 2016

On April 22nd Norwegian reported the resists for the first quarter of 2016 with an improvement of more than 400MNOK (£34m) in comparison with the same quarter previous year.

Image copyright: aircraftspotting.de

The intercontinental and Nordic routes had a good role in the results. The load factor was as high as 85%, in a “low season” quarter. The pre-tax result (EBT) was -992 MNOK, compared to -777 MNOK in the same quarter last year.

The load factor was around 85%, 2% higher than last year; the airline carried close to 6 million passengers, an increase of 17%. Norwegian’s largest growth was at London Gatwick (LGW), where the airline operates both long-haul and short-haul routes.

In the first quarter, Norwegian launched new long-haul routes between Paris and the US and took delivery of five new Boeing 737-800 aircraft and two 787-9 aircraft, the first two of the 30 the airline has on order.

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