NORWEGIAN WITH A STRONG FOURTH QUARTER

Norwegian previously reported the result for the fourth quarter and its preliminary annual result for 2021. Compared with the third quarter, demand for air travel increased but was negatively affected by the omicron outbreak.

During the fourth quarter of 2021, 3.1 million passengers traveled with Norwegian.
Capacity (ASK) was 4.6 billion seat kilometers, while passenger traffic (RPK) was 3.6 billion seat kilometers during the fourth quarter of 2021. During the last quarter of last year, the cabin factor amounted to 77 percent, which is an increase compared to the corresponding period the year before. which amounted to 52.4 percent, and compared to Q3 2021 which was 73.1 percent. At the end of the fourth quarter of 2021, there were a total of 51 aircraft in the company’s operational fleet.

Norwegian has continued to focus on cost efficiency throughout the organization, which together with low consumption, has contributed to a solid financial position for the company. At the end of the fourth quarter, the company’s cash and cash equivalents increased to NOK 7.7 billion.

– I am glad that we have been able to adapt to fluctuations quickly and efficiently and that we can report a profit with a stronger cash during a quarter that has been strongly affected by the omicron virus and state-imposed travel restrictions. I would also like to thank all the colleagues in the airline for their continued commitment and hard work. We look forward to welcoming more customers on board during the busier spring and summer season, with a fleet increasing to 70 aircraft and to just over 270 destinations, says Geir Karlsen, CEO of Norwegian.

(Photo: Norwegian)

Leave a Reply