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Norwegian Air Shuttle's losses widen in 4Q08, with demand continuing to weaken


Scandinavia’s largest LCC, Norwegian Air Shuttle, posted a net loss of EUR17.1 million in 4Q08 (three months ended 31-Dec-08), a worsening from the EUR2.5 million net loss reported in the previous corresponding period. Norwegian’s major Scandinavian competitor, SAS, meanwhile, reported a widened net loss of EUR246.3 million in the quarter (compared to a net loss of EUR55.6 million in the previous corresponding period). [1448 words]

Unlock the following content in this report:


  • Ancillary revenue an increasingly important source of income
  • International revenues exceed domestic revenues
  • Continues expansionist trend in 4Q08
  • Risk and uncertainty moving into 2009

Graphs and data:

  • Norwegian financial highlights for three months ended Dec-08
  • Norwegian EBITDAR margin: FY2004 to FY2008
  • Norwegian Air Shuttle quarterly revenues: 1Q04 to 4Q08
  • Cost per ASK development: 2005 to 2008
  • Norwegian revenue growth (domestic and international): 4Q05 to 4Q08
  • Norwegian marketshare in key domestic markets: 2005 to 2008
  • Norwegian traffic highlights for three months ended 31-Dec-08
  • Norwegian fleet growth: FY2004 to 4Q08
  • Norwegian Air Shuttle route map: Feb-09
  • Norwegian sensitivity analysis: Dec-08
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