Saturday 1 October 2016

Norwegian posts solid first quarter

Published 22/04/2016 | 02:30

A view of parked aircrafts belonging to budget carrier Norwegian at Stockholm Arlanda Airport
A view of parked aircrafts belonging to budget carrier Norwegian at Stockholm Arlanda Airport

The boss of Norwegian Air Shuttle, whose Irish unit is close to securing a permit to fly to the United States, said the group's long-haul operations are "becoming significantly more important".

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Bjorn Kjos was commenting on the airline's operations as Norwegian released solid first quarter results that were better than analyst expectations.

Norwegian said that its operating revenue jumped 23pc to 4.96bn Norwegian kroner (€536m), while it reported an underlying operating loss before interest and tax of 367m kroner (€39.7m). That was nearly 400m kroner better than the figure in the first quarter of 2015, however.

In the first quarter, Norwegian launched new long-haul routes between Paris and the US, and took delivery of five brand new Boeing 737-800 and one Boeing 787-9 Dreamliner.

Norwegian's Irish arm, Norwegian Air International (NAI), has been seeking a permit from US authorities for over two years to enable it to fly to America. Last week, the US Department of Transport indicated that it intends to grant that permit. NAI hopes to launch flights between Cork and Boston this summer, and between Cork and New York next year.

Irish Independent

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