Gatwick grows most for Norwegian

Gatwick grows most for Norwegian

Dip in profits during Q3

Dip in profits during Q3

Norwegian
Norwegian’s profits have dipped slightly

Gatwick Airport is posting the strongest passenger growth for Norwegian, as the airline announced a pre-tax profit of NOK604m (GBP63m) in its Q3 results.

The figure was lower than what the carrier posted in Q3 2012, saying the cost of fuel, wet-lease agreements and accommodation, food and drink for delayed passengers had lowered numbers this year. Its forward bookings have been affected by sunny weather in the Nordics.

The carrier posted an 81% load factor during the three months, with its long-haul routes seeing load factors of more than 90%.

“In this quarter, we clearly see the outline of the company’s growth strategy. We have a strong passenger growth in all markets and we have managed to maintain a high load factor. At the same time, our results this quarter are significantly affected by the additional costs associated with replacement aircraft for the Dreamliner. In addition, Northern European sun seekers chose to enjoy the warm summer at home instead of flying south,” said CEO Bjørn Kjos.

Norwegian recently announced new flights to the US from Gatwick.

Gary Marshall
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Gary Marshall
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Airports & Aviation