Norwegian Air Shuttle SWOT Analysis: Scandinavia’s largest LCC reports most profitable 2Q in history
Scandinavia’s largest LCC, Norwegian Air Shuttle, reported a higher-than-expected second-quarter net profit of EUR20.0 million, an impressive reversal from the EUR9.6 million loss in 2Q08 and the highest 2Q results in the company’s history.
Unlock the following content in this report:
- Strengths: Benefiting from cutbacks by its struggling rivals; increasing market share in the domestic and international arena
- Growing (ancillary) revenues boosts cash balance
- WEAKNESSES: Challenged by a weakening NOK, yield pressures beginning to show
- OPPORTUNITIES: Current conditions suit the LCC model
- THREATS: Expects slowdown in business environment; ‘international’ operations particularly feeling the pressure
- OUTLOOK: Risk and uncertainty moving into 2009; outlook heavily dependent on economic environment
Graphs and data:
- Norwegian financial highlights for three months ended Jun-2009
- Norwegian share price growth: Jan-2009 to Jul-2009
- Norwegian’s capacity (ASKs) growth and load factor (%): 2Q06 to 2Q09
- Norwegian’s market share on major routes from Oslo: 2Q06 to 2Q09
- Norwegian’s increasing domestic marketshare: 2Q06 to 2Q09
- Norwegian fleet growth: 4Q08 to 4Q09
- Norwegian revenue growth (domestic and international): 2Q06 to 2Q09
- Norwegian cost breakdown: 2Q08 vs 2Q09
- Norwegian Air Shuttle yield growth: Jun-2008 to Jun-2009
- Norwegian sensitivity analysis: Jun-2008
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