SHARE MARKET

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


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 https://www.reuters.com/business/aerospace-defense/norwegian-air-saved-collapse-reinvents-regional-carrier-2021-05-26 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)

Disclaimer: Fusion Media I would like to remind you that the data on this website is not necessarily real-time or accurate. Not all CFDs (stocks, indexes, futures) and forex prices are paid by exchanges but by market makers, and so prices may not be accurate and may differ from actual market prices, meaning prices are indicative and suitable for trading purposes. No. So Fusion Media bears no liability for any trading losses you may incur as a result of using this data.

Fusion Media Or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of relying on the information contained in this website, including data, quotes, charts and buy / sell signals. Please be fully aware of the risks and costs associated with financial market trading, this is one of the potential risky investment forms.





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button