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Norwegian posts “best ever results”

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And the low-cost carrier aims for an even bigger 2017
New routes, high load factors and continued fleet renewal all contributed to Norwegian’s best ever annual result, the airline has revealed, with a net profit of NOK 1,135 million (€128 million).
The results were influenced by growth on intercontinental routes as well as increased presence in the UK and Spain, the carrier said. Operating profit (EBIT) was NOK 1,820 million.
The company’s total revenue was more than NOK 26 billion, up 16% on the previous year. Norwegian took delivery of 21 new aircraft in 2016, contributing to a production growth (ASK) of 18%.
A total of 29.3 million passengers chose to fly Norwegian in 2016, an increase of 14% from 2015. Load factor increased by 1.5 percentage points to 88%.
Net profit for the fourth quarter was NOK 197 million on a 15% rise in revenues to more than NOK 6.1 billion. Just over 7 million passengers flew Norwegian this quarter, up 17%, with load factor at 86%.
“We are very pleased to report our best ever results in a year of strong international growth, establishing operations in new markets and tough competition,” said chief executive Bjorn Kjos.
“We enter 2017 with the ambition to increase and strengthen our foothold in established markets, while simultaneously developing our route network in new parts of the world.”
This year, 32 brand new aircraft will enter service at Norwegian including nine Boeing 787-9 Dreamliners. The carrier says it will launch more than 50 new routes in 2017 and recruit more than 2,000 new colleagues worldwide.
TTG Nordic

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