Norwegian had 1.3 million passengers and a load factor of 82.3 percent in November. Norwegian is still experiencing robust demand for air travel. Regularity was record-high with 99.9 percent of all scheduled flights taking place.
“Norwegian has delivered very solid traffic numbers in a month where seasonal demand is normally at a low point. We have adjusted our capacity considerably to meet the fluctuating demand in the winter, and we are particularly satisfied with our strong load factor of 82.3 percent, up three percentage points from November last year. Additionally, we have delivered an outstanding performance when it comes to regularity with close to all of our almost 10,000 flights taking place in November,” said Geir Karlsen, CEO of Norwegian.
Norwegian had 1,348,111 passengers in November, down 2 percent from November 2022 and in line with the significantly reduced capacity to match the low season. The capacity (ASK) was 2,004 million seat kilometres, down 6 percent from the same period last year. Actual passenger traffic (RPK) was 1,650 million seat kilometres. Unit revenue (RASK) is estimated at NOK 0.60, while unit revenue including flight related ancillary revenue is estimated at NOK 0.71. In November, Norwegian operated an average of 66 aircraft with a regularity, share of scheduled flights taking place, of 99.9 percent. Punctuality remained high, and the share of flights departing within 15 minutes of scheduled time was 86.8 percent.
Continued strong demand and well received summer programme
Norwegian recently released new routes for the summer season of 2024, including forty routes to new destinations. The summer programme release, as well as a recent sales campaign, has been very well received by Nordic travellers.
“At Norwegian, we continue to see strong demand for air travel. Many of our customers took advantage of our latest sales campaign to book their next journeys. Our newly launched summer programme has been well received, and we notice that travellers have already started to plan their flights for 2024, earlier than last year,” said Karlsen.
While the Christmas and New Years period will be a busy travel period in line with expectations, Norwegian is well positioned navigate the quieter winter trading season. In addition to capacity adjustments, the airline is comfortably hedged for jet fuel at attractive prices for the coming year.
See detailed traffic figures in the attached PDF.
For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401
Fornebu, 6 December 2023
Norwegian Air Shuttle ASA
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 6 December 2023 at 08:00 CET.