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Norwegian Air Shuttle reports rise in Jun-08 passenger numbers, but fall in load factor

18-Jul-2008

Norwegian Air Shuttle reported Jun-08 traffic jumped significantly, although added international capacity in the Scandinavian market caused it’s load factor to fall. [766 words]

Unlock the following content in this report:

Subheadings:

  • Forecast EBITDA loss in 2Q08
  • Cost cutting strategies to offset rising fuel costs
  • To launch rights issue to fund fleet expansion

Graphs and data:

  • Norwegian Air Shuttle traffic highlights for Jun-08
  • Norwegian Air Shuttle monthly passenger traffic (millions) and load factor (%)
  • Year-on-year passenger growth and load factor for Norwegian Air Shuttle, SAS Group and Finnair: Jun-08
  • Norwegian fleet growth: FY2004 to 1Q08
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