Norwegian Air Shuttle pax soar 25%, yield slumps 16% in Feb-2010

Norwegian Air Shuttle passenger numbers soar 25% - traffic highlights in Feb-2010:

• Passenger numbers: 834,884, +25% year-on-year;
• Load factor: 76%, - ppts;
• Yield: EUR 6.23 cents, -16%;
• Revenue per ASK: EUR 4.77 cents, -19%. [more]

*Based on the conversion rate at EUR1 = NOK8.18

Norwegian Air Shuttle: "The yield is estimated at NOK0.51 for the period (-16%). The year-on-year yield development reflects a significant adjusted route portfolio, the introduction of new aircraft with higher capacity and lower unit cost, and the removal of fuel surcharges that covered the record high fuel price in 2008. These factors are estimated to account for approximately 60% of the yield reduction," Company statement. Source: Norwegian Air Shuttle, 05-Mar-2010.