Norwegian remains in red 1Q2010 despite strong passenger growth. Talks of long-haul
Scandinavia's largest LCC, Norwegian Air Shuttle, reported a 14.8% increase in 1Q2010 revenue, driven by ancillary revenue growth and double-digit passenger increases in the period (CEO, Bjorn Kjos, stated he was "satisfied with the result" particularly "in light of the strong passenger and production growth). However, the carrier was unprofitable on the EBITDAR, EBITDA, EBIT, EBT and net levels in the quarter, which is the carrier's seasonally weakest quarter.
Become a CAPA Member to access Analysis Reports
Our Analysis Reports are only available to CAPA Members. CAPA Membership provides exclusive access to in-depth insights on the latest developments in the aviation and travel industry, developed by our team of dedicated analysts located in Europe, North America, Asia and Australia.
Each report offers a fresh perspective on the latest industry trends and is available online or via the CAPA mobile app, with customisable alerts to help you stay informed and identify new business opportunities.
CAPA Membership also provides access to our full suite of tools, including a tailored selection of more than 1,000 News Briefs every week and comprehensive data and analysis on thousands of companies around the world.