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NORWEGIAN AIR SHUTTLE ASA

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Norwegian Air Shuttle : Traffic results for May show signs of positive trend

06/04/2021 | 09:19am EDT

Norwegian's traffic figures for May continue to be affected by international travel restrictions and therefore low demand. However, passenger numbers have shown a noticeable increase in volume in line with vaccination roll outs and changes to entry restrictions and quarantine regulations.

In May, 96,909 customers flew with Norwegian, which is approx. 23,000 more than at the same time last year. Compared with May 2020, the total capacity (ASK) has increased by 41 percent and passenger traffic (RPK) up 97 percent. Furthermore, the load factor in May was 54.8 percent, an increase of 16 percentage points compared with last year.

'Despite low volumes, we are experiencing an increasingly positive trend in the number of bookings for the summer and autumn period. This is especially noticeable in the Scandinavian market. The increase in the number of bookings demonstrates a clear connection with the announced and gradual opening of society and the relaxing of travel restrictions by government authorities. We are prepared and ready to increase our route network to meet future customer demand.' Said Jacob Schram, CEO of Norwegian.

Norwegian operated ten aircraft in May, mainly on Norwegian domestic routes. The company operated 99.1 percent of its scheduled flights in May, whereof 95.9 percent departed on time.

Please see attached PDF for more details.

Disclaimer

Norwegian Air Shuttle ASA published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 13:18:07 UTC.


© Publicnow 2021
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Sales 2021 14 903 M 1 682 M 1 682 M
Net income 2021 -4 762 M -538 M -538 M
Net Debt 2021 59 783 M 6 748 M 6 748 M
P/E ratio 2021 -0,18x
Yield 2021 -
Capitalization 7 710 M 870 M 870 M
EV / Sales 2021 4,53x
EV / Sales 2022 2,89x
Nbr of Employees 6 365
Free-Float 78,8%
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Last Close Price 10,90 NOK
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Geir Magne Karlsen Chief Executive Officer
Svein Harald Øygard Chairman
Knut Olav Irgens Melhus Høeg Executive Vice President-Information Technology
Johan Gauermann Executive Vice President-Operations
Sondre Gravir Independent Director
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