Norwegian returns to profit in third quarter

Norwegian has reported a web a revenue of NOK169 million (£14 million) for the third quarter of economic 2021.

The determine compares to a lack of NOK980 million for a similar interval final 12 months.

“The third quarter results clearly demonstrate that the actions taken across the organisation to safeguard the future of Norwegian by lowering debt and liabilities, while focusing on cost efficiencies, have succeeded,” stated Geir Karlsen, chief govt of Norwegian.

“We at the moment are in a robust monetary place going into the historically tougher winter months.

“We have seen a positive trend in forward bookings month on month and an increasing number of passengers are choosing to fly Norwegian across our European network.”

During the third quarter, near 2.5 million passengers travelled with Norwegian, in contrast with roughly a million throughout the identical interval final 12 months.

Continued value management all through the corporate mixed with low money burn has resulted in a robust monetary place getting into into the winter interval with NOK7.6 billion in money and equivalents.

Leave a Reply

Your email address will not be published.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