TTG - Travel Trade Gazette
For Smarter, Better, Fairer Travel
Search
User Menu
Remember me

New to TTG?

PPA Independent Publishing Company of the Year 2019

Hello! You are viewing your 1 free guest article this week


Please log in or join now for free, immediate and unlimited access to our award-winning online content. Find out more...

Join us
Already a member? Log in here

Kjos hails 'positive developments' during Q1

Kjos hails 'positive developments' during Q1

Norwegian posted total Q1 revenue of NOK 8 billion (£714 million), up 14% year-on-year, while unit costs excluding fuel decreased 8% during the same period.


Q1 passenger numbers increased 9% from 7.48 million to 8.12 million on a load factor of 81%, down 3.5 percentage points on Q1 last year.


“I’m pleased with the positive developments this quarter, despite the 737 MAX issues,” said Norwegian chief executive Bjorn Kjos.


“We have taken a series of initiatives to improve profitability by reducing costs and increasing revenue. We are optimising our base structure and route network to streamline the operation as well as divesting aircraft, postponing aircraft deliveries and not least implementing our internal cost reduction program, which will boost our financials.


“I am also pleased that booking figures and overall demand for the coming months look promising.”

Our Next Events

TTG Luxury Travel Awards

TTG Luxury Travel Awards

TTG New to Touring & Adventure Festival

TTG New to Touring & Adventure Festival

TTG Top 50 Travel Agencies

TTG Top 50 Travel Agencies

The Travel Industry Awards by TTG

The Travel Industry Awards by TTG

TTG - Travel Trade Gazette
For Smarter, Better, Fairer Travel
TTG Media Limited.
Place of registration: England and Wales.
Company number 08723341.
Registered address: New Bridge Street House, 30-34 New Bridge Street, London EC4V 6BJ