27-Apr-2017 3:24 PM
Norwegian Air Shuttle loss widens in 1Q2017, 2Q forward bookings 'satisfactory'
Norwegian Air Shuttle revenue up 9% - financial highlights for three months ended 31-Mar-2017:
- Operating revenue: NOK5406 million (EUR601.0 million), +9.0% year-on-year;
- Operating costs: NOK6744 million (EUR749.7 million), +21.2%;
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- Fuel: NOK1526 million (EUR169.7 million), +77.3%;
- Labour: NOK1166 million (EUR129.6 million), +26.2%;
- Operating profit (loss): (NOK1702 million) (EUR189 million), compared to a loss of NOK894.5 million (EUR million) in p-c-p;
- Net profit (loss): (NOK1492 million) (EUR800.1 million), compared to a loss of NOK800.1 million (EUR165.8 million) in p-c-p;
- Passengers: 6.7 million, +14%;
- Load factor: 84.4%, -0.8ppt;
- Yield: NOK0.33 (EUR 3.7 cents), -17%;
- Revenue per ASK: NOK0.28 (EUR 3.1 cents), -17%;
- Cost per ASK: NOK0.44 (EUR 4.9 cents), +4%;
- Cost per ASK excl fuel: NOOK0.34 (EUR 3.8 cents), -4%;
- Average sector length: 1531km, +6%;
- Total assets: NOK40,958 million (EUR4553 million);
- Cash and cash equivalents: NOK4757 million (EUR528.9 million);
- Total liabilities: NOK38,422 million (EUR4271 million). [more - original PR]
*Based on the average conversion rate at NOK1 = EUR0.111171
Norwegian Air Shuttle: "The demand for travelling with Norwegian and advance bookings have been satisfactory entering the second quarter of 2017". Source: Company statement, 27-Apr-2017.