Norwegian Air Shuttle pax up 25%, yield down 16% in Jun-2010

Norwegian Air Shuttle passenger numbers up 25% - traffic highlights in Jun-2010:

• Passenger numbers: 1.2 million, +25% year-on-year;
• Load factor: 77%, -2 ppts;
• Revenue per ASK*: EUR 5.21 cents, -17%;
• Yield: EUR 6.70 cents, -16%. [more]

*Based on the conversion rate at EUR1 = NOK8.06388

The carrier did not enter into new fuel/exchange hedging contracts during the period but estimates a quarter-to-date loss of approximately NOK7 million related to the hedge positions by the end of Jun-2010.

Norwegian Air Shuttle: "The unit revenue (RASK) is estimated at NOK 0.42 for the period (-17 %). Approximately a quarter of the year-on-year RASK decrease is related to the introduction of 11 new Boeing 737-800 aircraft with higher capacity and lower unit cost since June 2009," Company statement. Source: Norwegian Air Shuttle, 06-Jul-2010.