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Norwegian Air Shuttle slips into the red in 2Q08


Norwegian Air Shuttle posted a net loss of EUR7.7 million in 2Q08 (three months ended 30-Jun-08), after it reported a net profit of EUR5.6 million in 1Q07, reflecting a downturn in conditions in Scandinavia. [1774 words]

Unlock the following content in this report:


  • Operating margin of -5%; EBITDAR margin of -2.7% in quarter
  • Focus shifts to international market: international revenues exceed domestic revenues
  • Ancillary revenue spend increases; but yield reduction
  • Passenger numbers up 19% to 1.9 million passengers in 2Q08
  • Costs increase as the group expands
  • Fleet and network continues to grow
  • Enters codeshare agreement with Sterling
  • Outlook: Unit cost target revised upwards again; intensifying cost reduction and revenue enhancement initiatives

Graphs and data:

  • Norwegian financial highlights for three months ended 30-Jun-08
  • Norwegian EBITDA margin: FY2004 to 2Q08
  • Norwegian revenue growth (domestic and international): 2Q05 to 2Q08
  • Norwegian traffic highlights for three months ended 30-Jun-08
  • Passenger growth: 2Q04 to 2Q08
  • Capacity (ASK) growth and load factor (%): 2Q04 to 2Q08
  • traffic highlights for three months ended 30-Jun-08
  • Cost per ASK development: 2Q05 to 2Q08
  • Norwegian fleet growth: FY2004 to 2Q08
  • Norwegian route growth: FY2004 to 2Q08
  • Norwegian financial highlights for six months ended 30-Jun-08
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