Norwegian is looking ahead to an essential summer following the company reporting a net loss of USD 93 million for the first quarter of 2023.
While it looks towards improving its operations, it says that higher operating costs, fuel costs and more have all contributed to the financials. That said, it is still lower than the figure the carrier reported for the first quarter of 2022.
Norwegian also said its load factors stood at 80.9%, carrying 3.8 million passengers for the first three months. Not only was this excellent overall capacity and demand, but the airline says they can be pleased with the result given the time of year.
Like most Nordic carriers, Norwegian must continue to adapt and find ways to earn revenues even during its lowest demand periods. However, executives say the past three months were a perfect example of how good planning can see them adjust capacity where necessary and be prepared for their seasonal demand periods.
The airline says that a third of new aircraft initially slated to arrive from Boeing will be delivered. This comes following delays being experienced at the American plane maker.
With close to 300 routes expected to be operational this summer, the airline, which has in recent years been restructuring, wishes to utilise the demand seen to boost its finances and much more.
Daniel Fowkes
13 May 2023
· Airlines
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