Norwegian Air Shuttle reports first net profit of the year in 3Q08

Scandinavia’s largest LCC, Norwegian Air Shuttle, posted a net profit of EUR46.9 million in 3Q08 (three months ended 30-Sep-08), an impressive 443% year-on-year improvement. Norwegian’s revenue is also on the rise, totalling EUR223.4 in the quarter, a 48.9% year-on-year increase. However, this was exceeded by a 55.9% increase in operating costs to EUR187.2 million, as the airline continued its expansion drive and faced increased fuel costs.

This CAPA Premium Analysis article is 1,223 words.

To access CAPA Premium Analysis you need a CAPA Membership

Your window into the latest insights

CAPA employs an industry-leading Analyst team based in Europe, North America, Asia and Australia who offer unique perspectives and independent and accurate commentary of critical industry developments globally. CAPA Members rely on our Analysis to unlock valuable insights and actionable intelligence to keep ahead of the game.

Big picture strategic view

Our Analysts don’t just report the news - they take a big picture strategic view of aviation dynamics, issues and trends and analyse the implications of these developments for you.

Global intelligence

The CAPA Analyst team is based globally to ensure our CAPA Members have access to independent, unique perspectives covering an entire spectrum of daily, worldwide commercial aviation developments.

Customise your Alerts

CAPA Members can use CAPA Alerts to receive daily, weekly or monthly and customised updates on our Analysis.

I'm very impressed by the factual and detailed analysis CAPA is always doing.

- CEO, Airline Member
To learn more, contact us:
Phone: +61 2 9241 3200 | Email: membership@centreforaviation.com