Norwegian Air’s Q3 revenue rose as a travel peak by Reuters


OSLO (Reuters) – Norwegian Air on Thursday reported a 68% year-on-year increase in third-quarter revenue as travel to Europe slowly recovered from the epidemic.

Budget carrier sales for the July-September period amounted to 1.52 billion Norwegian kroner ($ 180 million), up from 905 million crowns a year ago when travel was severely restricted due to the COVID-19 lockdown.

The epidemic sent the indebted airline into bankruptcy Slimmed in May 2021 last year- Turn off its transatlantic network before it appears in the down version.

“We are now in a strong financial position in the traditionally more challenging winter months,” chief executive Gair Carlsen said in a statement.

“We have seen a positive trend of forward booking month by month and a growing number of passengers are choosing Norwegian flights across our European network,” he added.

Bookings have risen in response to vaccinations and relaxation of travel bans, and the agency says it expects its available seat kilometers (ASK), a core capacity metric, to increase from 18.2 billion in 2020 to 29 billion in 2022.

From 2021 to date, ASK stands at only 4.8 billion kilometers.

($ 1 = 8.4391 Norwegian crown)

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