Norwegian’s profits impacted by strike
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Norwegian Air Shuttle has reported an operating loss of NOK85.1 million (GBP8m) in the second quarter of this year as its traffic soared 16%.
The carrier still posted a net profit of NOK128m (GBP12m) despite funding its long-haul operation and losing NOK100m from strikes earlier in the year.
More than 6.4 million people travelled with the airline in the second quarter, up 16%. This pushed its load factor up to an average of 80%.
“This quarter, we see clear results of the company’s strategy. Over the past year, we have established a long-haul operation and we have opened several new bases in Europe. More than half of our 417 routes are currently operated outside Norway, which illustrates a significant international expansion over the past year,” said the airline’s CEO Bjorn Kos.
“At the same time, we have managed to cut costs, which is essential in such a competitive, global business as the aviation industry. We have, however, had significant, one-off expenses. Both wet lease of aircraft and the strike from labour union Parat has affected the result significantly. There is also a high competitive pressure, particularly in the Scandinavian market,” he added.
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